Laws and Rules OHIO Life & Health Insurance XCEL QUESTIONS AND ANSWERS

maximum benefits - ans-upper limit of total lifetime benefits that the insurance company will pay Misrepresentation - ans-falsifying terms, benefits, advantages, or conditions of insurance policy defamation - ans-publishing information that is false and maliciously critical to an insurer and intended to cause injury An insurer can exclude coverage for a pre-existing condition on Medicare Supplement policy for up to ___ months - ans-6 months A minor may receive a life insurance policy's death benefit ONLY if minor is at least 12 years old minor approved by superintendent minor is blood relative minor has appointed guardian - ans-minor has appointed guardian An insurer may deny health insurance claims based on misstatements in application for how long from policy's date of issue? - ans-2 years A life insurance policyowner is allowed ___ days upon policy delivery to return policy for full premium refund? - ans-10 days