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

1. An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that
time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the
Insured buy?

A) Life annuity with period certain
B) Joint life annuity
C) Temporary annuity certain
D) Joint life and survivorship annuity


2. In which of the following dividend options would an Insurer invest the policyowners money and add interest
earnings to the Initial amount of the dividends as such earnings accrue?

A) Reduced Premium Dividend Option.
B) Paid-up Additions Option.
C) Cash Dividend Option.
D) Accumulation at Interest Option.


3. An immediate annuity begins making payments after the

A) policy has been in force for one year.
B) policy reaches its maturation date.
C) first premium has been paid.
D) policyholder suffers a disability.


4. Under what circumstances must an agent provide his or her business records to the superintendent of
Insurance?

A) upon request of an insured
B) upon request of the superintendent
C) by authorization from the National Association of Insurance Commissioners (NAIC)
D) under no circumstances due to privacy consideration


5. When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the
following?

A) Cash withdrawal.
B) Surrender of the policy.
C) Decrease In the coverage amount.
D) A loan from the policy.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: A

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