Exam Code: OH-Life-Agent-Series-11-44
Exam Name: OHIO Life Insurance Agent Series 11-44
Certification Provider: Ohio Department of Insurance
Corresponding Certification: OHIO Life Insurance
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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:

SectionWeightObjectives
Policy Provisions, Options & Riders22%- Common policy riders
- Dividends, loans and withdrawals
- Beneficiary designations
- Nonforfeiture and settlement options
- Standard policy provisions
General Insurance Concepts12%- Risk management and insurable interest
- Elements of insurance contracts
- Types of insurers and market conduct
- Agent authority and responsibilities
Annuities12%- Annuity principles and types
- Fixed and specialty annuities
- Immediate vs deferred annuities
- Payment options and uses
Federal Tax Considerations12%- Tax treatment of annuities
- Modified Endowment Contracts (MECs)
- 1035 Exchanges and rollovers
- Taxation of life insurance proceeds
Life Insurance Basics18%- Personal and business uses of life insurance
- Viatical settlements and specialized plans
- Underwriting and policy issue
- Determining coverage amounts
Insurance Regulation12%- Disciplinary actions and penalties
- Continuing education requirements
- Licensing requirements and maintenance
- Resident and non-resident rules
- State and federal insurance laws
Types of Life Insurance Policies12%- Whole life and permanent life
- Term life insurance
- Universal and indexed universal life
- Group and credit life insurance

Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:

1. What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was
misstated?

A) The insurer is not liable to pay any amount due to the insured's misstatement of age.
B) The insurer must pay the full amount of the policy, minus any additional premiums the Insurance
company would have paid based on the Insured's actual age.
C) The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.
D) The insurer must pay a prorated amount of the policy based on the amount of insurance the insured's
premiums would have been if purchased at the correct age.


2. Which of the following statements BEST describes a single premium cash value policy?

A) It requires only one payment to make the policy paid up.
B) It requires the policyowner to pay one premium annually.
C) It provides for only one premium to be paid without evidence of insurability.
D) It waives one future premium if the owner becomes disabled.


3. An agent's underwriting duties Include which of the following?

A) Setting premium amounts.
B) Declining or accepting an application.
C) Completing all applications and collecting initial premiums.
D) Issuing the policy.


4. 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 continuation life.
B) employee welfare.
C) business overhead.
D) key person.


5. Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the
purchase of a new van. Which of the following Is TRUE In this situation?

A) This type of loan is interest free.
B) Loans can only be taken for hardship situations.
C) Whole life policies do not have any loan provisions.
D) There is no requirement that she pay back the loan.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: D

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