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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:

SectionObjectives
Ohio Insurance Law and Regulations- State licensing requirements
  • 1. Producer licensing rules
    • 2. Continuing education requirements
      - Ethics and compliance
      • 1. Unfair trade practices
        • 2. Fraud prevention
          Insurance Basics- Insurance principles and risk management
          • 1. Insurance contract fundamentals
            • 2. Risk classification and types of risk
              Life Insurance Concepts- Policy provisions and riders
              • 1. Beneficiaries and ownership rights
                • 2. Common policy riders
                  - Life insurance policies
                  • 1. Term life insurance
                    • 2. Universal life insurance
                      • 3. Whole life insurance
                        Annuities and Retirement Products- Annuity basics
                        • 1. Suitability standards
                          • 2. Fixed vs variable annuities

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

                            An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that
                            time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the
                            Insured buy?

                            • A. Joint life and survivorship annuity
                            • B. Life annuity with period certain
                            • C. Temporary annuity certain
                            • D. Joint life annuity
                            Reveal Solution  Discussion  0

                            Correct Answer: C  🗳️

                            Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the
                            following?

                            • A. Forgery
                            • B. Misrepresentation
                            • C. Coercion
                            • D. Concealment
                            Reveal Solution  Discussion  0

                            Correct Answer: B  🗳️

                            While texting and driving, an Insured loses control of the vehicle and hits a tree. The resulting collision Is

                            • A. a hazard.
                            • B. a peril.
                            • C. a risk.
                            • D. an exposure.
                            Reveal Solution  Discussion  0

                            Correct Answer: B  🗳️

                            Upon the divorce of an insured who designated their spouse as the beneficiary, which of the following actions
                            will result?

                            • A. the spouse designated as beneficiary will remain an irrevocable beneficiary
                            • B. the policy will automatically be terminated
                            • C. the designation of the spouse as a beneficiary is revoked
                            • D. the insured must pay 50% of the premiums paid to the spouse named as the beneficiary
                            Reveal Solution  Discussion  0

                            Correct Answer: C  🗳️

                            All of the following statements regarding a group annuity are correct, EXCEPT

                            • A. considered a defined-benefit plan.
                            • B. participation is limited to eligible employees.
                            • C. purchased as part of a structured corporate pension plan.
                            • D. each employee signs and receives an individual contract.
                            Reveal Solution  Discussion  0

                            Correct Answer: B  🗳️

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