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Ohio Health and life insurance exam with 100% correct answers
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Ohio Health and life insurance exam with 100% correct answers
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Ohio Health and life insurance examwith 100% correct answers
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 CORRECT ANSWERS 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 CORRECT ANSWERS The face amount and premium will remain constant over the 10 year period
Which of the following provides Medicare supplement policies? CORRECT ANSWERS 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 CORRECT ANSWERS 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?
CORRECT ANSWERS Temporary employee
Which of the following is a reinstatement condition? CORRECT ANSWERS Proof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the subject of ethics every reporting period. CORRECT ANSWERS 3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In Ohio, Carole is considered to be a CORRECT ANSWERS nonresident agent
Long- term care insurance applications must contain plain and unambiguous health questions. The exception to this rule would be applications for CORRECT ANSWERS guaranteed issue
Continuous 24- hour care provided by licensed medical professionals under the direct supervision of a physician is called CORRECT ANSWERS skilled nursing care
The entire contract includes the actual policy and the CORRECT ANSWERS application
The branch of dentistry which deals with the replacement of missing parts is called CORRECT ANSWERS Prosthodontics An agent's license has been suspended for non-renewal. The agent my apply for reinstatement CORRECT ANSWERS within 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? CORRECT ANSWERS 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 CORRECT ANSWERS 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 CORRECT ANSWERS bringing legal action against the insurer
An individual most likely will have an insurable interest in insuring a person's life if CORRECT ANSWERS 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? CORRECT ANSWERS Participation or contribution rules have been violated
Medicaid is a government-funded program designed to provide health care to CORRECT ANSWERS poor people
Medicare Part A does not pay for medical benefits provided for the treatment in a skilled
nursing facility beyond CORRECT ANSWERS 100 days
A partial surrender in which of the following life policies? CORRECT ANSWERS universal life
An agent's appointment may only be terminated by the CORRECT ANSWERS insurer
An applicant's character and personal habits can be obtained for underwriting purposes from which source? CORRECT ANSWERS 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? CORRECT ANSWERS Business overhead expense policy
Advertisements for accident and health policies that ONLY cover a stated illness MUST display a statement that the CORRECT ANSWERS policy is limited
Loss of income insurance provides CORRECT ANSWERS an individual the means to replace wages
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