10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The OHLH exam has 150 questions and runs 2 hours 30 minutes.
These 10 free OHLH questions are organized by exam domain, so you can see how each part of the Ohio Life & Health Insurance Agent Exam blueprint is tested. Reveal the answer and explanation under each question.
An Ohio life-and-health agency wants to pay an unlicensed office manager for referring prospective clients. The manager will not discuss insurance. Which compensation arrangement is permissible?
Correct answer: B - A fixed $40 for each referral, whether or not the prospect applies or buys
A producer recommends replacing a client's ten-year-old whole-life policy with a new policy from another insurer. To secure the sale, the producer says the existing cash value is "about to disappear" and omits the new policy's surrender period. The conduct is best classified as:
Correct answer: D - Twisting
An insurer gives a newly appointed agent branded forms, a company email address, and authority to collect initial premiums. The insurer privately limits the agent to term policies, but the customer is never told. The agent accepts an application and premium for whole life. Which doctrine most directly addresses the customer's reasonable belief that the agent had authority?
Correct answer: A - Apparent authority created by the insurer's manifestations
A client wants life insurance to cover $20,000 of final expenses, a $210,000 mortgage, a $120,000 education fund, and $350,000 of survivor-income capital. She has $85,000 in liquid assets and $275,000 of existing life insurance. Her $300,000 home will be kept by the family and is not to be sold. Under the needs approach, how much additional coverage is indicated?
Correct answer: C - $340,000
A hedge-fund representative offers to pay all premiums on a policy applied for on an unrelated retiree, promises the retiree cash at issue, and requires an agreement to transfer ownership to investors after the contestable period. The arrangement was planned before the application. What is the central regulatory problem?
Correct answer: D - It is STOLI: strangers lacking insurable interest initiated the policy for their own benefit
An Ohio employee's group life coverage ends when employment terminates. The employee dies 20 days later, having neither applied for conversion nor paid a first premium. What is the insurer's obligation under the conversion provision?
Correct answer: B - Pay the amount eligible for conversion under the group policy
A whole-life policyowner wants to end all future premium obligations yet keep the original face amount in force for the maximum period the cash value will buy. Which nonforfeiture option meets that objective?
Correct answer: C - Extended term insurance
A policyowner named an irrevocable beneficiary and now wants to borrow against the cash value. The loan would reduce the beneficiary's protected interest. What is generally required before the insurer can process the loan?
Correct answer: A - The irrevocable beneficiary's consent
A client placed money in a market-value-adjusted annuity during a five-year guarantee period. Two years later, market interest rates are substantially higher than the contract's guaranteed rate, and the client requests an excess withdrawal. Apart from any surrender charge, the MVA will generally:
Correct answer: B - Reduce the withdrawal because the contract rate is less attractive
A 54-year-old owns a modified endowment contract with $90,000 of cash value and $65,000 of basis. She withdraws $20,000, and no exception to the federal additional tax applies. How is the withdrawal generally treated?
Correct answer: D - $20,000 is taxable as ordinary income and generally subject to the 10% additional tax
The OHLH exam also covers these domains. Drill them in the full free practice test:
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