OHIO SERIES 11-35 EXAMINATION COMPLETE
QUESTIONS AND DETAILED SOLUTIONS LATEST
UPDATE THIS YEAR JUST RELEASED
Exam Coverage
Ohio insurance regulation and licensing — Licensing requirements, producer duties, appointments, prohibited
practices, disciplinary actions, privacy, and federal regulations.
1. General insurance principles — Risk, hazards, perils, indemnity, insurable risks, reinsurance, agency,
contracts, and legal concepts.
2. Life insurance fundamentals — Insurable interest, policy uses, needs analysis, business applications,
underwriting, classifications, and policy types.
3. Life policy provisions and riders — Beneficiaries, grace periods, incontestability, reinstatement,
nonforfeiture, loans, dividends, and riders.
4. Annuities — Accumulation versus annuitization, immediate/deferred annuities, payment options, fixed
and indexed products, and suitability.
5. Taxation — Life insurance proceeds, policy loans, MECs, annuities, IRAs, rollovers, and Section 1035
exchanges.
6. Accident and health insurance — Medical expense, disability, limited policies, underwriting, exclusions,
Ohio requirements, HIPAA, HSAs, and federal health reforms.
7. Disability and medical plans — Disability definitions, elimination periods, benefit periods, HICs, PPOs, POS
plans, utilization management, and cost containment.
8. Group, dental, Medicare, and LTC — Group coverage, COBRA, Medicare Parts A-D, Medicare
supplements, Medicaid, and long-term-care insurance.
9. Federal taxation of health products — Tax treatment of individually owned and employer-sponsored
disability, medical, LTC, HSA, HRA, and business insurance.
1.
A prospective Ohio resident wants to qualify for both Life and Accident & Health
producer authority before taking Series 11-35. What prelicensing education
requirement generally applies to each major line?
A. 10 hours for Life and 10 hours for Accident & Health
B. 15 hours for Life and 15 hours for Accident & Health
C. 20 hours for Life and 20 hours for Accident & Health
D. 40 hours covering either line interchangeably
,Answer: C
Rationale: Ohio currently lists 20 hours of prelicensing education for Life and 20
hours for Accident & Health. For Series 11-35, both course completion
certificates are required when applicable. ()
2.
An insurance applicant has completed the required Ohio prelicensing course but
arrives at PSI without the required paper completion certificate. What is the likely
consequence?
A. The applicant may test after signing an affidavit
B. The applicant may provide the certificate electronically later
C. The applicant may test but must submit the certificate afterward
D. The applicant will not be permitted to test and may forfeit the fee
Answer: D
Rationale: Ohio's current PSI bulletin states that required certificates must be
presented at the testing center and that electronic copies are not accepted. ()
3.
An insurance producer intentionally tells a prospective insured that a policy
provides a benefit that the contract does not actually provide. Which prohibited
practice is most directly involved?
A. Defamation
B. Misrepresentation
C. Rebating
D. Twisting
Answer: B
,Rationale: Misrepresentation occurs when material facts or policy provisions are
inaccurately represented to an insurance consumer.
4.
A homeowner deliberately installs faulty wiring because the homeowner expects
the insurance company to pay for any resulting fire damage. Which concept best
describes the faulty wiring?
A. Peril
B. Exposure
C. Physical hazard
D. Indemnity
Answer: C
Rationale: A physical hazard is a tangible condition that increases the probability
or severity of loss.
5.
A life insurance producer's authority to perform acts reasonably necessary to
accomplish specifically authorized duties is known as what type of authority?
A. Express authority
B. Implied authority
C. Apparent authority
D. Fiduciary authority
Answer: B
Rationale: Implied authority arises from the authority expressly granted and
includes acts reasonably necessary to perform authorized duties.
, 6.
An insurer pays a claim and then seeks reimbursement from the negligent third
party responsible for causing the insured's covered loss. Which principle is being
applied?
A. Contribution
B. Indemnification
C. Subrogation
D. Estoppel
Answer: C
Rationale: Subrogation allows an insurer that has paid a covered loss to pursue
recovery from the responsible third party.
7.
A life insurance contract gives the insurer discretion to pay a death benefit only if
specified policy conditions have been satisfied. Which characteristic best
describes this contract?
A. Conditional
B. Bilateral
C. Negotiable
D. Commutative
Answer: A
Rationale: Insurance contracts are conditional because the insurer's obligation to
perform depends upon fulfillment of specified conditions.
8.
QUESTIONS AND DETAILED SOLUTIONS LATEST
UPDATE THIS YEAR JUST RELEASED
Exam Coverage
Ohio insurance regulation and licensing — Licensing requirements, producer duties, appointments, prohibited
practices, disciplinary actions, privacy, and federal regulations.
1. General insurance principles — Risk, hazards, perils, indemnity, insurable risks, reinsurance, agency,
contracts, and legal concepts.
2. Life insurance fundamentals — Insurable interest, policy uses, needs analysis, business applications,
underwriting, classifications, and policy types.
3. Life policy provisions and riders — Beneficiaries, grace periods, incontestability, reinstatement,
nonforfeiture, loans, dividends, and riders.
4. Annuities — Accumulation versus annuitization, immediate/deferred annuities, payment options, fixed
and indexed products, and suitability.
5. Taxation — Life insurance proceeds, policy loans, MECs, annuities, IRAs, rollovers, and Section 1035
exchanges.
6. Accident and health insurance — Medical expense, disability, limited policies, underwriting, exclusions,
Ohio requirements, HIPAA, HSAs, and federal health reforms.
7. Disability and medical plans — Disability definitions, elimination periods, benefit periods, HICs, PPOs, POS
plans, utilization management, and cost containment.
8. Group, dental, Medicare, and LTC — Group coverage, COBRA, Medicare Parts A-D, Medicare
supplements, Medicaid, and long-term-care insurance.
9. Federal taxation of health products — Tax treatment of individually owned and employer-sponsored
disability, medical, LTC, HSA, HRA, and business insurance.
1.
A prospective Ohio resident wants to qualify for both Life and Accident & Health
producer authority before taking Series 11-35. What prelicensing education
requirement generally applies to each major line?
A. 10 hours for Life and 10 hours for Accident & Health
B. 15 hours for Life and 15 hours for Accident & Health
C. 20 hours for Life and 20 hours for Accident & Health
D. 40 hours covering either line interchangeably
,Answer: C
Rationale: Ohio currently lists 20 hours of prelicensing education for Life and 20
hours for Accident & Health. For Series 11-35, both course completion
certificates are required when applicable. ()
2.
An insurance applicant has completed the required Ohio prelicensing course but
arrives at PSI without the required paper completion certificate. What is the likely
consequence?
A. The applicant may test after signing an affidavit
B. The applicant may provide the certificate electronically later
C. The applicant may test but must submit the certificate afterward
D. The applicant will not be permitted to test and may forfeit the fee
Answer: D
Rationale: Ohio's current PSI bulletin states that required certificates must be
presented at the testing center and that electronic copies are not accepted. ()
3.
An insurance producer intentionally tells a prospective insured that a policy
provides a benefit that the contract does not actually provide. Which prohibited
practice is most directly involved?
A. Defamation
B. Misrepresentation
C. Rebating
D. Twisting
Answer: B
,Rationale: Misrepresentation occurs when material facts or policy provisions are
inaccurately represented to an insurance consumer.
4.
A homeowner deliberately installs faulty wiring because the homeowner expects
the insurance company to pay for any resulting fire damage. Which concept best
describes the faulty wiring?
A. Peril
B. Exposure
C. Physical hazard
D. Indemnity
Answer: C
Rationale: A physical hazard is a tangible condition that increases the probability
or severity of loss.
5.
A life insurance producer's authority to perform acts reasonably necessary to
accomplish specifically authorized duties is known as what type of authority?
A. Express authority
B. Implied authority
C. Apparent authority
D. Fiduciary authority
Answer: B
Rationale: Implied authority arises from the authority expressly granted and
includes acts reasonably necessary to perform authorized duties.
, 6.
An insurer pays a claim and then seeks reimbursement from the negligent third
party responsible for causing the insured's covered loss. Which principle is being
applied?
A. Contribution
B. Indemnification
C. Subrogation
D. Estoppel
Answer: C
Rationale: Subrogation allows an insurer that has paid a covered loss to pursue
recovery from the responsible third party.
7.
A life insurance contract gives the insurer discretion to pay a death benefit only if
specified policy conditions have been satisfied. Which characteristic best
describes this contract?
A. Conditional
B. Bilateral
C. Negotiable
D. Commutative
Answer: A
Rationale: Insurance contracts are conditional because the insurer's obligation to
perform depends upon fulfillment of specified conditions.
8.
