Ohio Health Insurance Exam Questions with 100% Correct Answers | Updated & Verified | 2024
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Course
Ohio Health Insurance
Institution
Ohio Health Insurance
Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing
additional amounts of coverage at predetermined times without requiring to provide evidence of
insurability. What kind of rider is this?
A.) Guaranteed insurability rider
B.) Additional coverage...
Ohio Health Insu rance Exam Questions with 100% Correct Answers | Updated & Verified | 2024 Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of ride r is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid -up option rider D.) Extended insurability rider ✔✔Guaranteed insurability rider All of the following are included as part of a contract in the entire contract provision EX CEPT the: A.) riders B.) application C.) changes made by the producer D.) policy ✔✔changes made by the producer Which of the following statements is TRUE about Medicaid? A.) it is health insurance for the elderly B.) it is administered by the Federal gove rnment C.) it is funded by federal, state, and local taxes D.) Coverage includes compulsory hospital and voluntary supplementary medical insurance ✔✔it is funded by federal, state, and local taxes An insurer's ability to make unpredictable payouts to policyowners is called: A.) investment values B.) liquidity C.) assests D.) capital ✔✔liquidity Low frequency diseases can be exclusively covered by what kind of health insurance policies? A.) Limited policies B.) Blanket policies C.) Employer policies D.) Restricted policies ✔✔Limited policies Which of these is NOT considered a supplemental health insuring corporation (HIC) service? A.) outpatient medical services B.) foot care services C.) dental car e D.) chiropractic care ✔✔outpatient medial services Which of the following would evidence ownership in a participating health insurance contract? A.) Stock ownership B.) Irrevocable beneficiary status C.) Policy ownership
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