Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 - OH-Life-Agent-Series-11-44 Exam Questions [2026]

QUESTION NO: 1
Extended term Insurance can be selected under which whole life policy provision?

A. nonforfeiture B. settlement C. interest-only D. cash value

Correct Answer: A

QUESTION NO: 2
Generally, rates charged for Insurance may NOT be

A. discriminatory. B. different for persons withdiffering risk profiles. C. excessive, inadequate, or unfairly discriminatory. D. cost prohibitive.

Correct Answer: C

QUESTION NO: 3
Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the

A. application is postmarked and mailed to the insurer. B. policy is delivered and accepted. C. company underwriter approves the risk. D. application is signed.

Correct Answer: B

QUESTION NO: 4
The premium mode defines the

A. method of premium payment. B. frequency of the premium payment. C. premium limit. D. premium amount.

Correct Answer: B

QUESTION NO: 5
The purpose of insurance Is to

A. avoid risk. B. transfer risk. C. reduce risk. D. increase risk.

Correct Answer: B

QUESTION NO: 6
Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?

A. notify the National Association of Insurance Commissioners B. obtain approval from the insurer C. notify the superintendent D. notify all prospective insureds

Correct Answer: C

QUESTION NO: 7
A single premium Immediate annuity Is MOST often used for

A. retirement income. B. vacation expenses. C. children's college expenses. D. mortgage payments.

Correct Answer: A

QUESTION NO: 8
In which of the following fixed annuity features Is the surrender value tied to Interest rates?

A. variable sub accounts B. market value adjustments C. interest sensitive trigger D. fixed value rates

Correct Answer: B

QUESTION NO: 9
Which rider would allow additional insurance to be purchased at specified dates or events, without additional
underwriting?

A. Cost of living. B. Guaranteed insurability. C. Guaranteed renewability. D. Disability income.

Correct Answer: B

QUESTION NO: 10
An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive
an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been
paid out. The insured has selected which option?

A. Fixed period. B. Life income. C. Interest only. D. Fixed amount.

Correct Answer: A