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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Policy Provisions, Options & Riders | 22% | - Common policy riders - Dividends, loans and withdrawals - Beneficiary designations - Nonforfeiture and settlement options - Standard policy provisions |
| Topic 2: Life Insurance Basics | 18% | - Underwriting and policy issue - Personal and business uses of life insurance - Viatical settlements and specialized plans - Determining coverage amounts |
| Topic 3: Annuities | 12% | - Annuity principles and types - Fixed and specialty annuities - Payment options and uses - Immediate vs deferred annuities |
| Topic 4: Types of Life Insurance Policies | 12% | - Group and credit life insurance - Whole life and permanent life - Universal and indexed universal life - Term life insurance |
| Topic 5: Federal Tax Considerations | 12% | - 1035 Exchanges and rollovers - Modified Endowment Contracts (MECs) - Taxation of life insurance proceeds - Tax treatment of annuities |
| Topic 6: Insurance Regulation | 12% | - Continuing education requirements - State and federal insurance laws - Licensing requirements and maintenance - Resident and non-resident rules - Disciplinary actions and penalties |
| Topic 7: General Insurance Concepts | 12% | - Risk management and insurable interest - Types of insurers and market conduct - Elements of insurance contracts - Agent authority and responsibilities |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. The period after an annuity Is purchased but before distributions begin Is referred to as the
A) annuity phase.
B) accumulation phase.
C) build-up phase.
D) endowment phase.
2. Survivorship life insurance policies are useful in estate planning because they
A) redistribute the premium obligation during the early years of the policy.
B) can provide money to pay taxes on assets.
C) accumulate a sum of money for retirement.
D) provide funeral insurance and pre-need burial insurance.
3. What law do all Insurers and their agents need to comply with In regards to Information being obtained from a
third party concerning the applicant?
A) Dodd Frank Act
B) Fair Credit Reporting Act
C) Unauthorized Insurers Service of Process Act
D) McCarran-Ferguson Act
4. Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan
proceeds
A) accelerate the benefits under the policy.
B) generate nontaxable interest income.
C) are subject to Federal estate tax.
D) are not treated as taxable income.
5. The type of insurance used to indemnify a firm for the loss of earnings brought about by the death or disability
of an officer or other significant employee Is
A) business overhead.
B) key person.
C) employee welfare.
D) business continuation life.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |






