Ohio accident - Study guides, Class notes & Summaries

1 XCEL OHIO LIFE AND HEALTH EXAM STUDY QUESTIONS AND ANSWERS, 100% ACCURATE, RATED A+ completely and permanently disabled - -A waiver of premium rider allows an insured to waive premium payments if the insured is A paid premium - -Which of the following is an example of the insured's consideration? private duty nursing - -which of the following is NOT typically under "Hospital care" for most health insuring corporation 10 - -A life insurance policyowner is allowed __ days upon polic...

Ohio Laws and Rules Questions and Answers Already Passed Ohio requires a licensee to complete _____ hours of continuing education hours each licensing period. 24 hours of continuing education credit hours every 2 years. When an agent is replacing an existing ordinary life insurance policy, the agent must take all of the following actions EXCEPT: Obtain the beneficiary's signature. -Exceptions include: Provide the applicant with a copy of the sales proposal -Submit to the agent's...

Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. Correct Answer she must show her Ohio license is in good standing An annuity settlement option with a life contingency is o...

OHIO LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS A life insurance company has transferred some of its risk to another insure. The insurer assuming the risk is called - correct answer all of the following are examples of business continuation plan except - correct answer Deffered Compensation All of these are valid options for an Adjustable Life Policy EXCEPT The policy's premium can be increased or decreased The policy's death benefit can be increased or decreased A no...

1 OHIO HEALTH INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ ACCIDENTAL AND HEALTH INSURANCE BASICS STARTS: 15% - -... Two major perils under a health insurance policy: - -Policies may cover both accident and sickness or accident only. Accidental bodily injury: - -An unforeseen and unintended injury that resulted from an accident rather than a sickness. Sickness: - -Normally defined as an illness, which first manifests itself while the policy is in force. This is where a major...

Life and Health Insurance - Ohio Licensing Exam Questions & Answers 2023-24 Absolute Assignment - ANSWER-The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid off Accident - ANSWER-A fortuitous event; unforeseen and unintended Accidental Death Insurance - ANSWER-A form of health insurance that provides payment if death of the insured resu...

LIFE, ACCIDENT AND HEALTH INSURANCE OHIO EXAM QUESTIONS Which statement BEST describes the tax responsibilities under a Business Overhead policy? a. Premiums are deductible, benefits are deductible. b. Premiums are deductible, benefits are taxed. c. Premiums are not deductible, expenses are deductible. d. Premiums are not deductible, benefits are taxed. - CORRECT ANSWER -Premiums are deductible, benefits are taxed The Group Insurance provision that prevents two insurers from payi...

XCEL OHIO LIFE AND HEALTH STATE PRACTICE EXAM 2024 Which of these describes the result of a modified endowment contract that failed to meet the seven-pay test? - correct answer Pre-death distributions are typically taxable. A medical provider that accepts Medicare Assignment must - correct answer accept payment based upon a defined Medicare schedule as payment in full. Which of the following statements regarding Group Disability Income Insurance is TRUE? - correct answer It provides ...

Ohio laws and rules exam latest update graded A+ Open enrollment for Medicare Supplement coverage starts 3 months before your 65th birthday A viatical settlement broker may NOT make any transactions before being approved for a license A non-admitted insurer is not afforded protection by the guaranty fund An agent's renewal date for his/her license is on or before the last day of the licensee's birth month If an insurer refuses to pay a claim, how many days must the insured...

LIFE, ACCIDENT AND HEALTH INSURANCE OHIO EXAM QUESTIONS Which statement BEST describes the tax responsibilities under a Business Overhead policy? a. Premiums are deductible, benefits are deductible. b. Premiums are deductible, benefits are taxed. c. Premiums are not deductible, expenses are deductible. d. Premiums are not deductible, benefits are taxed. - CORRECT ANSWER -Premiums are deductible, benefits are taxed The Group Insurance provision that prevents two insurers from payi...