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Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain$11.49
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Krissa Purchases A 10-year Level Term Life Insuran
Krissa purchases a 10-year level term life insuran
Exam (elaborations)
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain
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Course
Krissa purchases a 10-year level term life insuran
Institution
Krissa Purchases A 10-year Level Term Life Insuran
The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true?
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Ohio Health and life insurance exam| 150
Questions| Correct 100%(SCORED A+)
The type of policy where the insurer can send a notice to the insured that the policy has
been cancelled in the middle of the term is called - ANSWER cancelable
Krissa purchases a 10-year level term life insurance policy that has a death benefit of
$200,000. Which of these statements is true?
The policy automatically converts to whole life after the 10-year period - ANSWER The
face amount and premium will remain constant over the 10 year period
Which of the following provides Medicare supplement policies? - ANSWER Private
insurance companies
Under the Health Insurance Portability and Accountability Act (HIPAA), the employee's
new Group Health Plan will verify Creditable Coverage so that the - ANSWER
employee's waiting period for coverage of a preexisting condition can be reduced under
the new employer's health plan
Which of the following is typically NOT eligible for the coverage in a group health policy?
- ANSWER Temporary employee
Which of the following is a reinstatement condition? - ANSWER Proof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the
subject of ethics every reporting period. - ANSWER 3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, Carole is considered to be a - ANSWER nonresident agent
Long- term care insurance applications must contain plain and unambiguous health
questions. The exception to this rule would be applications for - ANSWER guaranteed
issue
Continuous 24- hour care provided by licensed medical professionals under the direct
supervision of a physician is called - ANSWER skilled nursing care
The entire contract includes the actual policy and the - ANSWER application
The branch of dentistry which deals with the replacement of missing parts is called -
ANSWER Prosthodontics
, An agent's license has been suspended for non-renewal. The agent my apply for
reinstatement - ANSWER within 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? - ANSWER
Equity- indexed annuity
A closed network plan offers a a primary physician copay of $25. If a subscriber
chooses a primary care physician outside of the network, the subscriber will likely pay -
ANSWER 100% of the billed amount
An accident and health insurer has just received written proof of loss from one of its
insureds. The insured must now wait 60 days before - ANSWER bringing legal action
against the insurer
An individual most likely will have an insurable interest in insuring a person's life if -
ANSWER An economic interest exists for the continuance of the insured's life
According to the Health Insurance Portability and Accountability Act (HIPPA), when can
a group health policy renewal be denied? - ANSWER Participation or contribution rules
have been violated
Medicaid is a government-funded program designed to provide health care to -
ANSWER poor people
Medicare Part A does not pay for medical benefits provided for the treatment in a skilled
nursing facility beyond - ANSWER 100 days
A partial surrender in which of the following life policies? - ANSWER universal life
An agent's appointment may only be terminated by the - ANSWER insurer
An applicant's character and personal habits can be obtained for underwriting purposes
from which source? - ANSWER investigate consumer report
Which type of business insurance is meant to cover the costs of continuing to do a
business while the owner is disabled? - ANSWER Business overhead expense policy
Advertisements for accident and health policies that ONLY cover a stated illness MUST
display a statement that the - ANSWER policy is limited
Loss of income insurance provides - ANSWER an individual the means to replace
wages
A spouse and child can be added to the primary insured's coverage as what kind of
rider? - ANSWER Family Term
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