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