Ohio life and Health Insurance Practice Final Exam Questions and Answers
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Course
Ohio life and Health Insurance
Institution
Ohio Life And Health Insurance
Ohio life and Health Insurance Practice
Final Exam Questions and Answers
Premiums paid that exceed 7 1/2% of an insured's Adjusted Gross Income (AGI) are tax-deductible when
paid for which of the following plans? - ANSWER-Qualified Long-Term Care plan
All _____ policies must be guaranteed renew...
A type of insurer that is owned by its policyowners is called - ANSWER✔✔-mutual
An annuitant dies during the distribution period. What kind of annuity will return to a beneficiary the
difference between the annuity value and the income payments already made? - ANSWER✔✔-Refund
annuity
A form of medical health insurance covering the treatment and care of gum disease is called -
ANSWER✔✔-Dental expense insurance
Under a life insurance policy, what does the insuring clause state? - ANSWER✔✔-The insurer's obligation
to pay a death benefit upon an approved death claim
Coming from an insurance point of view, which of the following is the main risk associated with
disability? - ANSWER✔✔-Loss of income
Amy has a group medical policy through her employer with a $500 deductible and a 90% coinsurance
provision. She incurs $1,500 in covered health care services. How much will her group insurance carrier
pay? - ANSWER✔✔-$900
In Ohio, a life insurance policy can be backdated before the application date for up to - ANSWER✔✔-3
months
What is the term used when exchanging a new policy for one already in force? - ANSWER✔✔-
Replacement
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