OHIO LIFE AND HEALTH Complete Bundle, verified

1 OHIO LIFE AND HEALTH EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Confidentiality of health information (as stated by Ohio HIC laws) applies to information supplied by - -Both by the covered individual and by providers An agent has committed an insurance crime that violates US CODE 1033 (inte...

1 OHIO LIFE, ACCIDENT & HEALTH INSURANCE EXAM (SERIES 11-35), LIFE INSURANCE BASICS/ REVIEW QUESTIONS AND ANSWERS. VERIFIED/ What type of report provides information about an applicant's hobbies, habits, and financial status? - -Investigative consumer report What are the three factors that d...

1 1135 OHIO LIFE & HEALTH INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Which of these must be disclosed in a company's universal life policy?i - -The policy's surrender charges Which type of life insurance typically offers mortgage protection? - -Decreasing term Dividends from a m...

LIFE, ACCIDENT AND HEALTH INSURANCE OHIO: EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ 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 ...

1 PRACTICE EXAM - OHIO LIFE AND HEALTH INSURANCE QUESTIONS AND ANSWERS, 100% ACCURATE/ Which of these annuities require premium payments that vary from year to year? - -Flexible Premium Deferred Annuity A limited payment whole life policy provides lifetime protection - -lifetime protection Whi...

1 OHIO LIFE AND HEALTH PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ Ownership of a life insurance policy may be temporarily transferred with a(n) - -collateral assignment Which of the following statements is CORRECT regarding an individual applying for life or health insurance? - -Th...

1 OHIO LIFE AND HEALTH STATE EXAM REVIEW QUESTIONS AND ANSWERS/ VERIFIED/ Continued coverage under COBRA would be provided to all of the following EXCEPT: - -D) a covered employee is terminated for gross misconduct a life insurance policy-owner is allowed ___ days upon policy delivery to return...

1 OHIO LIFE AND HEALTH STATE EXAM SIMULATOR REVIEW QUESTIONS AND ANSWERS, VERIFIED/ What type of policy would only provide coverage for specific type of illnesses? - -Dread disease insurance Justin is receiving disability income benefits from a group policy paid for by his employer. How are the...

1 OHIO LIFE INSURANCE FINAL EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED. Which of the following is usually the owner of the annuity? - -The annuitant Which of the following is not true of the straight life income option for annuities? - -A beneficiary will receive any balance of the annuity upo...

1 OHIO LIFE, ACCIDENT, AND HEALTH INSURANCE/ REVIEW QUESTIONS AND ANSWERS, VERIFIED/ The role of insurance - -transfer the risk of financial loss from an individual or business to an insurance company stock insurance company - -owned by the stockholders, who get paid a share of the company's ...

1 LIFE & HEALTH INSURANCE- OHIO LIFE INSURANCE POLICIES: REVIEW QUESTIONS AND ANSWERS, VERIFIED/ Which life insurance policy provides ONLY pure protection? - -Term life provides only pure protection for a limited amount of time with no cash value accumulation. What policy guarantees to endow ...

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 consider...

1 OHIO LIFE AND HEALTH PRACTICE EXAM QUESTIONS AND ANSWERS, GRADED A+ Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - -Life income Someone needing custodial care at home would require which type of coverage? - -Long term care coverage W...

1 OHIO STATE EXAM LIFE AND HEALTH INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ What is the name of the provision which states that a copy of the application must be attached to the policy when issued? - -Entire Contract Which of the following is INELIGIBLE to participate in a Section...

1 LIFE, ACCIDENT AND HEALTH INSURANCE STATE EXAM- OH/ REVIEW QUESTIONS AND ANSWERS, RATED A+ A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - -preferred Preferred risk policies with reduced premiums are issued by insuran...

11 OHIO HEALTH AND LIFE INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ 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 - -cancelable Krissa purchases a 10-year level term life insurance policy t...

OHIO LIFE AND HEALTH PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - -$5,000 Wh...

1 OHIO LIFE AND HEALTH INSURANCE PRACTICE FINAL REVIEW QUESTIONS AND ANSWERS, VERIFIED/ 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? - -Qualified Long-Term Care plan All _____ policies must be guaran...

1 OHIO LIFE AND HEALTH INSURANCE REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, RATED A+ According to the law of large numbers, how would losses be affected if the number of similar insured units increases? - -Predictability of losses will be improved Which of the following can be defined as "t...

1 OHIO LIFE INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE/ To qualify for appointment of agent - -18 YOA, US citizenship not required, no minimum residency Original certificate good for.... - -180 days Renewal for license - -beinnially on birth month, $5 fee Types of risk - -Pure ...

OHIO LIFE/HEALTH INSURANCE STUDY GUIDE QUESTIONS AN ANSWERS, 100% ACCURATE. VERIFIED/ Which statement best describes the tax responsibilities under a Business Overhead policy? - - Premiums are deductible, benefits are taxed In which type of insurance company may stockholders share in the profit...

1 LIFE AND HEALTH INSURANCE - OHIO LICENSING EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ Absolute Assignment - -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 ...