PDF Version DemoOhio Department of Insurance OH-Life-Agent-Series-11-44 Exam Overview:
| Certification Vendor: | Ohio Department of Insurance |
| Exam Name: | OHIO Life Insurance Agent Series 11-44 |
| Exam Number: | OH-Life-Agent-Series-11-44 |
| Real Exam Qty: | 100 |
| Exam Duration: | 120 minutes |
| Exam Price: | $49.00 USD |
| Passing Score: | 70% |
| Related Certifications: | Ohio Health Insurance Agent Ohio Life & Health Combined |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Certificate Validity Period: | 2 years, renewable with continuing education |
| Recommended Training: | Ohio Approved Pre-Licensing Providers |
| Exam Registration: | PSI Exams Registration Ohio Department of Insurance |
| Sample Questions: | Ohio Department of Insurance OH-Life-Agent-Series-11-44 Sample Questions |
| Exam Way: | In-person at PSI testing centers or online proctored |
| Pre Condition: | Complete 20-hour state-approved pre-licensing education; minimum age 18; legal resident or authorized to work in US |
| Official Syllabus URL: | https://insurance.ohio.gov |
Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Types of Life Insurance Policies | 12% | - Whole life and permanent life - Term life insurance - Group and credit life insurance - Universal and indexed universal life |
| Topic 2: Policy Provisions, Options & Riders | 22% | - Nonforfeiture and settlement options - Standard policy provisions - Beneficiary designations - Dividends, loans and withdrawals - Common policy riders |
| Topic 3: Annuities | 12% | - Annuity principles and types - Immediate vs deferred annuities - Fixed and specialty annuities - Payment options and uses |
| Topic 4: General Insurance Concepts | 12% | - Types of insurers and market conduct - Agent authority and responsibilities - Risk management and insurable interest - Elements of insurance contracts |
| Topic 5: Life Insurance Basics | 18% | - Determining coverage amounts - Viatical settlements and specialized plans - Underwriting and policy issue - Personal and business uses of life insurance |
| Topic 6: Federal Tax Considerations | 12% | - Taxation of life insurance proceeds - Modified Endowment Contracts (MECs) - Tax treatment of annuities - 1035 Exchanges and rollovers |
| Topic 7: Insurance Regulation | 12% | - Resident and non-resident rules - Continuing education requirements - State and federal insurance laws - Disciplinary actions and penalties - Licensing requirements and maintenance |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. Interest earned on a Traditional IRA is taxed
A) only if there is a premature distribution.
B) prior to contribution.
C) at distribution.
D) during the accumulation period.
2. In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring
a person's life If
A) any type of distant family relationship exists with the insured party.
B) the interest exists at the time of death.
C) the interest exists at the time of application.
D) any type of business relationship exists between the insured party and the beneficiary.
3. The structure of a credit life insurance policy does NOT allow for
A) Individual policies.
B) coverage amount to match the loan amount.
C) conversion privileges.
D) group policies.
4. Under an executive bonus plan, premiums paid by the employer are
A) reported as taxable income to the employee.
B) tax deductible to both the employee and employer.
C) reported as taxable Income to the employer.
D) only tax deductible when the bonus is an insurance plan.
5. Upon annuitization, which of the following will have the HIGHEST monthly payout?
A) Straight life.
B) Joint life.
C) Joint and survivor life.
D) Straight life with guaranteed payments.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |
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