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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Life Insurance Concepts | - Life insurance policies
|
| Topic 2: Ohio Insurance Law and Regulations | - Ethics and compliance
|
| Topic 3: Insurance Basics | - Insurance principles and risk management
|
| Topic 4: Annuities and Retirement Products | - Annuity basics
|
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son
and/or daughter. One way the Insured can accomplish this goal Is to purchase a
- A. guaranteed insurability rider.
- B. famitp maintenance rider.
- C. child term rider.
- D. family income rider.
Correct Answer: B 🗳️
The purpose of insurance Is to
- A. transfer risk.
- B. avoid risk.
- C. increase risk.
- D. reduce risk.
Correct Answer: A 🗳️
Risks are generally NOT Insurable if
- A. the loss is expected.
- B. there are many individuals who may also experience a similar loss.
- C. the policyholder has a policy from another insurer.
- D. deductibles would be required.
Correct Answer: A 🗳️
The Group Life Underwriting risk selection process helps protect Insurers from
- A. medical underwriting.
- B. risk underwriting.
- C. adverse selection.
- D. risk selection.
Correct Answer: C 🗳️
Which of the following statements BEST describes a single premium cash value policy?
- A. It requires the policyowner to pay one premium annually.
- B. It waives one future premium if the owner becomes disabled.
- C. It provides for only one premium to be paid without evidence of insurability.
- D. It requires only one payment to make the policy paid up.
Correct Answer: D 🗳️
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