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

SectionWeightObjectives
Insurance Regulation12%- Resident and nonresident rules
- Licensing requirements
- Assumed business names
- Reporting convictions and disciplinary actions
- Change of address and contact information
- Temporary licenses
- Renewal and nonrenewal
- Continuing education requirements
Life Insurance Product Knowledge- Policy provisions and types
- Modified Endowment Contracts and taxation
- Settlement options and beneficiary provisions
- Section 1035 exchanges and rollover rules
- Cash value, dividends, policy loans and surrenders

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

1. The only beneficiary named in a life insurance policy died before the Insured. The policyowner did not name a
new beneficiary. When a claim is filed, the death benefit would be paid to the

A) beneficiary's estate.
B) policyowner.
C) Insured's next of kin.
D) insured's estate.


2. An accelerated death benefit

A) pays only in the event of an accident resulting in death.
B) pays a portion of the face amount when a policyowner Is determined to be terminally ill.
C) pays an additional benefit if the policyholder dies as a result of an accident.
D) allows the policyowner to sell their policy to a third party.


3. A policyowner may not pay premiums with which frequency?

A) Monthly
B) Semi-annually
C) Bi-weekly
D) Quarterly


4. Which activity does NOT require an Insurance agent's license?

A) soliciting
B) selling
C) negotiating
D) underwriting


5. Which of the following dividend options is taxable?

A) 1-year term.
B) Accumulation at interest.
C) Paid up additions.
D) Return of premium.


Solutions:

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

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