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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Ohio Insurance Law and Regulations | - State licensing requirements
|
| Life Insurance Concepts | - Policy provisions and riders
|
| Annuities and Retirement Products | - Annuity basics
|
| Insurance Basics | - Insurance principles and risk management
|
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit
will
- A. be paid less the amount of the loan but not the interest.
- B. not be paid until the loan is repaid.
- C. be paid less the amount of the loan interest but not the principal.
- D. be reduced by the amount of the loan and interest owed.
Under an executive bonus plan, premiums paid by the employer are
- A. reported as taxable Income to the employer.
- B. reported as taxable income to the employee.
- C. only tax deductible when the bonus is an insurance plan.
- D. tax deductible to both the employee and employer.
Which of the following is a characteristic of a non-admitted Insurer?
- A. A non-admitted insurer is also known as a domestic insurer.
- B. A non-admitted insurer is required to submit forms to the Department of Insurance.
- C. A non-admitted insurer is not afforded protection by the guaranty fund.
- D. A non-admitted insurer is required to submit rates for approval.
Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan
proceeds
- A. accelerate the benefits under the policy.
- B. are subject to Federal estate tax.
- C. generate nontaxable interest income.
- D. are not treated as taxable income.
Which of the following is a provision in an interest-sensitive life policy which allows the policyowner to
withdraw the policy's cash value Interest free?
- A. Spendthrift Clause.
- B. Automatic Premium Loan.
- C. Partial Surrender.
- D. Waiver of Premium.






