Ohio Health and life Insurance Exam Questions and Answers.
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Ohio Health and life Insurance
Institution
Ohio Health And Life Insurance
Ohio Health and life Insurance Exam Questions and Answers.Ohio Health and life Insurance Exam Questions and Answers.Ohio Health and life Insurance Exam Questions and Answers.
Ohio Health and life Insurance Exam Questions and
Answers.
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 - Correct Answer cancelable
Karissa purchases a 10-year level term life insurance policy that has a death benefit of
$200,000. Which of these statements is true?
The policy automatically converts to whole life after the 10-year period - Correct
Answer the face amount and premium will remain constant over the 10 year period
Which of the following provides Medicare supplement policies? - Correct Answer Private
insurance companies
Under the Health Insurance Portability and Accountability Act (HIPAA), the employee's
new Group Health Plan will verify Creditable Coverage so that the - Correct Answer
employee's waiting period for coverage of a preexisting condition can be reduced under
the new employer's health plan
Which of the following is typically NOT eligible for the coverage in a group health policy?
- Correct Answer Temporary employee
Which of the following is a reinstatement condition? - Correct Answer Proof of
insurability
Ohio requires that a licensee complete ______ hours of continuing education on the
subject of ethics every reporting period. - Correct Answer 3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, Carole is considered to be a - Correct Answer nonresident agent
Long- term care insurance applications must contain plain and unambiguous health
questions. The exception to this rule would be applications for - Correct Answer
guaranteed issue
Continuous 24- hour care provided by licensed medical professionals under the direct
supervision of a physician is called - Correct Answer skilled nursing care
The entire contract includes the actual policy and the - Correct Answer application
The branch of dentistry which deals with the replacement of missing parts is called -
Correct Answer Prosthodontics
An agent's license has been suspended for non-renewal. The agent my apply for
reinstatement - Correct Answer within 12 months of the license renewal date
, Which of the following is an annuity that is linked to a market-related index? - Correct
Answer Equity- indexed annuity
A closed network plan offers a primary physician copay of $25. If a subscriber chooses
a primary care physician outside of the network, the subscriber will likely pay - Correct
Answer 100% of the billed amount
An accident and health insurer has just received written proof of loss from one of its
insured’s. The insured must now wait 60 days before - Correct Answer bringing legal
action against the insurer
An individual most likely will have an insurable interest in insuring a person's life if -
Correct Answer An economic interest exists for the continuance of the insured's life
According to the Health Insurance Portability and Accountability Act (HIPPA), when can
a group health policy renewal be denied? - Correct Answer Participation or contribution
rules have been violated
Medicaid is a government-funded program designed to provide health care to - Correct
Answer poor people
Medicare Part A does not pay for medical benefits provided for the treatment in a skilled
nursing facility beyond - Correct Answer 100 days
A partial surrender in which of the following life policies? - Correct Answer universal life
An agent's appointment may only be terminated by the - Correct Answer insurer
An applicant's character and personal habits can be obtained for underwriting purposes
from which source? - Correct Answer investigate consumer report
Which type of business insurance is meant to cover the costs of continuing to do a
business while the owner is disabled? - Correct Answer Business overhead expense
policy
Advertisements for accident and health policies that ONLY cover a stated illness MUST
display a statement that the - Correct Answer policy is limited
Loss of income insurance provides - Correct Answer an individual the means to replace
wages
A spouse and child can be added to the primary insured's coverage as what kind of
rider? - Correct Answer Family Term
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