LAWS AND RULES PERTINENT T INSURANCE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
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LAWS AND RULES PERTINENT TO INSURANCE
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LAWS AND RULES PERTINENT TO INSURANCE
LAWS AND RULES PERTINENT T INSURANCE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
1. quiz - an insurer must offer a long-term care policy or certificate that
has a nonforfeiture value
nonforfeiture value -
those benefits in a life insurance policy that by law, the policy owner ...
laws and rules pertinent t insurance exam question
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LAWS AND RULES PERTINENT TO INSURANCE
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LAWS AND RULES PERTINENT T INSURANCE EXAM
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED
1. quiz - an insurer must offer a long-term care policy or certificate that
has a nonforfeiture value
nonforfeiture value -
those benefits in a life insurance policy that by law, the policy owner does not forfeit even if the policy
owner discontinues premium payments:
- usually cash value,
- loan value,
- paid-up insurance value,
- and extended term insurance value
2. quiz - how long can an insurer exclude coverage for a pre-existing condition on a Medicare
SUPPLEMENT Policy
6 months
3. in Ohio, when an advertisement for accident and health insurance refers to dollar amount benefits,
the advertisement must also disclose
any applicable benefit reduction
, 4. quiz - under SMALL GROUP HEALTH benefit plans a carrier may discontinue coverage or may refuse
to renew such a plan if the employer
fails to pay the premium prior to the end of the grace period
5. quiz - felony convictions must be reported to the superintendent within
30 days
6. each application for long-term care insurance shall contain clear and unambiguous questions to
determine the health condition of the applicant EXCEPT an application for
guaranteed issue
guaranteed issue
All applications for long-term care insurance policies except those that are guaranteed issue shall contain
clear and unambiguous questions designed to determine the health condition of the applicant.
7. quiz - under Ohio continuation rules, an employer with fewer than 20 employees must allow
terminated employees to continue accident and health coverage for at least
12 months
Ohio Continuation rules
- Under Ohio continuation rules, an employer with fewer than 20 employees must allow terminated
employees to continue accident and health coverage for at least 12 months
- A group health insurance policy must be continued for an employee or member at least 6 months after
the insurance has been cancelled for any reason other than nonpayment.
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