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Life and Health Insurance Producer Exam

Annuities (OH): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Ohio

When recommending an annuity replacement, an Ohio agent must consider whether the consumer had another annuity exchange or replacement within what period?

  1. The preceding thirty-six months
  2. The preceding sixty months
  3. The preceding twelve months
  4. The current surrender period only
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B. The preceding sixty months — Ohio Adm. Code 3901-6-13(F)(1)(a)(x)(c).

Question 2 · Ohio

Before selling annuities in Ohio, what training must an agent complete under Ohio Adm. Code 3901-6-13?

  1. A FINRA Series 6 exam and a two-hour Ohio annuity course
  2. An eight-hour annuity course, repeated every renewal period
  3. A one-time four-credit annuity training course from an approved CE provider
  4. Only the insurer's product-specific training; no general annuity course is required
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C. A one-time four-credit annuity training course from an approved CE provider — Ohio Adm. Code 3901-6-13(G)(2)(a), (c).

Question 3 · Ohio

How long must Ohio insurers and agents keep records of the consumer information and disclosures behind an annuity recommendation?

  1. Five years after the annuity is surrendered or annuitized
  2. Three years after the annuity is issued
  3. Eight years after the insurer completes the transaction
  4. Until the annuity's surrender period ends
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C. Eight years after the insurer completes the transaction — Ohio Adm. Code 3901-6-13(I)(1).

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