Ohio Accident and Health Final Exam UPDATED ACTUAL Questions and CORRECT Answers
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Course
Ohio Accident and Health
Institution
Ohio Accident And Health
Ohio Accident and Health Final Exam
UPDATED ACTUAL Questions and
CORRECT Answers
When presenting long-term care or Medicare Supplement plans, it is necessary to provide the
prospect with a: - CORRECT ANSWER- A Shoppers Guide for the product presented
For an insurance contract to be complete,...
Ohio Accident and Health Final Exam
UPDATED ACTUAL Questions and
CORRECT Answers
When presenting long-term care or Medicare Supplement plans, it is necessary to provide the
prospect with a: - CORRECT ANSWER✔✔- A Shoppers Guide for the product presented
For an insurance contract to be complete, it must comply with which of the following? -
CORRECT ANSWER✔✔- A copy of the contract, all attached riders and a copy of the
application must be give to the insured
What type of benefits are paid under a hospital indemnity policy? - CORRECT
ANSWER✔✔- Specified sum of money for the length of the hospital stay
When must an insurer's rates be filed with the Commissioner?
Select one: - CORRECT ANSWER✔✔- Prior to usage
Where must the wording 'Accident Only Plan' be prominently displayed on an accident only
policy? - CORRECT ANSWER✔✔- It must be in bold type on the front page of the policy.
Which of the following is not part of the Medicare Part B coverage? - CORRECT
ANSWER✔✔- Nursing Home
Replacement is not always the best option for the insured because: - CORRECT
ANSWER✔✔- a. A new policy could required the applicant to prove insurability
b. A new incontestable period will start with the issuance of the new policy.
c. The premiums for the new policy could be higher.
(all)
,Robert is 65 and retired. What should he consider about delaying his enrollment in Medicare
Part B? - CORRECT ANSWER✔✔- There is a 10% per year increase in premium which is
permanent.
Who or what is responsible for the governing of health insurance? - CORRECT
ANSWER✔✔- State insurance laws
Which of the following is one of the major differences between private and government
insurance? - CORRECT ANSWER✔✔- Private insurance can deny coverage to individuals.
The agent must provide an outline of coverage for a health policy to the applicant: -
CORRECT ANSWER✔✔- Upon application or policy delivery
In discussing a long-term care program with a prospect, the agent should review which of the
following carefully? - CORRECT ANSWER✔✔- The prospect's assets and financial
situation
All of the following are typical health policy exclusions, EXCEPT: - CORRECT
ANSWER✔✔- Injuries that are the result of foolishness
Which of the following is a true statement about dependent coverage on group health
policies? - CORRECT ANSWER✔✔- a. The dependent can be a natural child, step child or
adopted child.
b. A child can be considered dependent after age 19 if he/she was disabled before that time.
c. A child can be considered dependent after 19 if a full time student.
(all)
In the situation in which health insurance premiums are not tax-deductible, the benefits are: -
CORRECT ANSWER✔✔- Tax-free, as long as they do not exceed the actual cost of medical
expenses
What is the traditional probationary (waiting) period for coverage from a Medicare
supplemental policy to be in effect? - CORRECT ANSWER✔✔- 30 days
, An insured has received a claim form from the insurance company and has completed the
form with proper documentation of the loss. The insureds' policy provides periodic payments
for benefits. How much time does the insurance company have to pay the claim? -
CORRECT ANSWER✔✔- 30 days
What kind of policy pays $100 daily benefit for a hospital stay with no deductible?
Select one: - CORRECT ANSWER✔✔- Imdemnity Plan
All of the following are elements of insurable risks, EXCEPT:
Select one: - CORRECT ANSWER✔✔- Loss must be catastrophic
An insurance company whose main responsibility is to make money for its policyholders is
called a: - CORRECT ANSWER✔✔- Mutual insurance company
Both spouses are covered by their employer group plans for full family coverage. Based on
usual guidelines, how is the order of coverage determined? - CORRECT ANSWER✔✔-
Primary coverage is usually determined by which parent's birthday comes earliest in the year.
How are the premiums for an individual disability income policy and a Medicare supplement
policy treated on a tax basis? - CORRECT ANSWER✔✔- Medicare supplement premiums
are deductible, disability income premiums are not deductible.
Which of the following is true about the Social Security rider in a disability income policy? -
CORRECT ANSWER✔✔- a. The rider may or may not continue when Social Security
benefits start.
b. An all or nothing rider pays the insured a benefit if Social Security pays nothing.
c. An offset rider pays the insured a benefit that is reduced by any benefit paid by Social
Security.
(all)
A noncancellable policy is most likely a: - CORRECT ANSWER✔✔- Individual disability
income policy
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