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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 12% | - Reporting convictions and disciplinary actions - Licensing requirements - Resident and nonresident rules - Temporary licenses - Assumed business names - Renewal and nonrenewal - Continuing education requirements - Change of address and contact information |
| Life Insurance Product Knowledge | - Modified Endowment Contracts and taxation - Section 1035 exchanges and rollover rules - Policy provisions and types - Cash value, dividends, policy loans and surrenders - Settlement options and beneficiary provisions |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the
following?
- A. Forgery
- B. Concealment
- C. Misrepresentation
- D. Coercion
As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that
eventually
- A. results In a dividend payment to the policyowner.
- B. requires mandatory cash value distributions.
- C. ceases to earn interest or grow in a positive earnings direction.
- D. equals the face amount of the policy.
An applicant would be charged a higher premium for a life Insurance policy if they were
- A. younger.
- B. deaf.
- C. older.
- D. married.
Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under
the policy Is known as
- A. slanting.
- B. aleatory contract.
- C. concealment.
- D. misrepresentation.
Risks are generally NOT Insurable if
- A. the policyholder has a policy from another insurer.
- B. deductibles would be required.
- C. there are many individuals who may also experience a similar loss.
- D. the loss is expected.
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