100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
OHIO HEALTH AND LIFE INSURANCE 2024 EXAM ACTUAL EXAM COMPLETE 450 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$7.99
OHIO HEALTH AND LIFE INSURANCE 2024 EXAM
ACTUAL EXAM COMPLETE 450 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED 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 - ANSWERcancelable
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 - ANSWERThe
face amount and premium will remain constant over the 10 year period
Which of the following provides Medicare supplement policies? - ANSWERPrivate
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 -
ANSWERemployee'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?
- ANSWERTemporary employee
Which of the following is a reinstatement condition? - ANSWERProof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the
subject of ethics every reporting period. - ANSWER3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, Carole is considered to be a - ANSWERnonresident agent
Long- term care insurance applications must contain plain and unambiguous health
questions. The exception to this rule would be applications for - ANSWERguaranteed
issue
Continuous 24- hour care provided by licensed medical professionals under the direct
supervision of a physician is called - ANSWERskilled nursing care
The entire contract includes the actual policy and the - ANSWERapplication
,The branch of dentistry which deals with the replacement of missing parts is called -
ANSWERProsthodontics
An agent's license has been suspended for non-renewal. The agent my apply for
reinstatement - ANSWERwithin 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? -
ANSWEREquity- 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 -
ANSWER100% 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 - ANSWERbringing legal action
against the insurer
An individual most likely will have an insurable interest in insuring a person's life if -
ANSWERAn 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? - ANSWERParticipation or contribution rules
have been violated
Medicaid is a government-funded program designed to provide health care to -
ANSWERpoor people
Medicare Part A does not pay for medical benefits provided for the treatment in a skilled
nursing facility beyond - ANSWER100 days
A partial surrender in which of the following life policies? - ANSWERuniversal life
An agent's appointment may only be terminated by the - ANSWERinsurer
An applicant's character and personal habits can be obtained for underwriting purposes
from which source? - ANSWERinvestigate consumer report
Which type of business insurance is meant to cover the costs of continuing to do a
business while the owner is disabled? - ANSWERBusiness overhead expense policy
Advertisements for accident and health policies that ONLY cover a stated illness MUST
display a statement that the - ANSWERpolicy is limited
Loss of income insurance provides - ANSWERan individual the means to replace
wages
, A spouse and child can be added to the primary insured's coverage as what kind of
rider? - ANSWERFamily Term
What is known as the immediate specific event causing loss and giving rise to risk? -
ANSWERPeril
Insurance agent Kelly offers a prospect a $1,000 shopping card if an insurance policy is
purchased through her. What illegal activity is this an example of? - ANSWERRebating
A provision that allows a policyowner to withdraw a policy's cash value interest free in a
- ANSWERpartial surrender
An employee has ___ days after the date of marriage to add a new spouse to a small
group health plan. - ANSWER30 days
All of these are considered forms of advertising EXCEPT - ANSWERAn insurer's AM
Best rating
A Medicare supplement plan can be canceled by the insurer - ANSWERfor nonpayment
of premiums
Which of these preventative care services is NOT provided by health insuring
corporation (HIC) primary care physicians? - ANSWERHearing screenings
Under group health insurance, a certificate of coverage is issued to the -
ANSWERemployee
Preferred risk policies with reduced premiums are issued by insurance companies
because the insured has - ANSWERbetter than average mortality or morbidity
experience
An insurer may refuse to renew an employer's small group health plan due to -
ANSWERnonpayment of premium
Which of these is a method of determining the level of funds required for ongoing
support in the event of the breadwinner's death? - ANSWERHuman Life Value
A Long-term care policy typically provides all of the following levels of care EXCEPT -
ANSWERacute care
Pre-death distributions from a modified endowment contract (MEC) receive different tax
treatment than other life insurance policies because - ANSWERthe MEC tends to be an
investment vehicle
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Verifiedtestbanks. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.