Ohio Department of Insurance OH-Life-Agent-Series-11-44 Q&A - in .pdf

  • Exam Code: OH-Life-Agent-Series-11-44
  • Exam Name: OHIO Life Insurance Agent Series 11-44
  • Q & A: 107 Questions and Answers
  • Printable Ohio Department of Insurance OH-Life-Agent-Series-11-44 PDF Format. It is an electronic file format regardless of the operating system platform.
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  • Exam Code: OH-Life-Agent-Series-11-44
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  • Q & A: 107 Questions and Answers
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About Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 - OH-Life-Agent-Series-11-44 Exam

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

SectionObjectives
Topic 1: Insurance Basics- Insurance principles and risk management
  • 1. Insurance contract fundamentals
    • 2. Risk classification and types of risk
      Topic 2: Ohio Insurance Law and Regulations- State licensing requirements
      • 1. Continuing education requirements
        • 2. Producer licensing rules
          - Ethics and compliance
          • 1. Fraud prevention
            • 2. Unfair trade practices
              Topic 3: Annuities and Retirement Products- Annuity basics
              • 1. Suitability standards
                • 2. Fixed vs variable annuities
                  Topic 4: Life Insurance Concepts- Life insurance policies
                  • 1. Term life insurance
                    • 2. Universal life insurance
                      • 3. Whole life insurance
                        - Policy provisions and riders
                        • 1. Beneficiaries and ownership rights
                          • 2. Common policy riders

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

                            Question #1

                            In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is
                            executed, or the first Insurance application Is submitted?

                            • A. 20
                            • B. 15
                            • C. 30
                            • D. 10
                            Reveal Solution  Discussion  0

                            Correct Answer: B  🗳️

                            Question #2

                            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. Insured's next of kin.
                            • B. beneficiary's estate.
                            • C. insured's estate.
                            • D. policyowner.
                            Reveal Solution  Discussion  0

                            Correct Answer: C  🗳️

                            Question #3

                            Who can surrender an annuity during the accumulation period?

                            • A. The beneficiary.
                            • B. The policyowner.
                            • C. The company.
                            • D. The annuitant.
                            Reveal Solution  Discussion  0

                            Correct Answer: B  🗳️

                            Question #4

                            The grace period is a period of time

                            • A. after the premium is due but while the policy remains in force.
                            • B. after the premium is received and before the policy is issued.
                            • C. between the death of the insured individual and the payment of the benefits.
                            • D. after the premium is paid and before the policy is issued.
                            Reveal Solution  Discussion  0

                            Correct Answer: A  🗳️

                            Question #5

                            Which of the following individuals has the right to name a beneficiary?

                            • A. producer
                            • B. owner
                            • C. Insured
                            • D. assignee
                            Reveal Solution  Discussion  0

                            Correct Answer: B  🗳️

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