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OHIO HEALTH AND LIFE INSURANCE 2024 EXAM ACTUAL EXAM COMPLETE 450 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$7.99
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OHIO HEALTH AND LIFE INSURANCE 2024 EXAM
ACTUAL EXAM COMPLETE 450 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY 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 - ANSWERcancelable
Krissa 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 - ANSWERThe
face amount and premium will remain constant over the 10 year period
Which of the following provides Medicare supplement policies? - ANSWERPrivate
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 -
ANSWERemployee'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?
- ANSWERTemporary employee
Which of the following is a reinstatement condition? - ANSWERProof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the
subject of ethics every reporting period. - ANSWER3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, Carole is considered to be a - ANSWERnonresident agent
Long- term care insurance applications must contain plain and unambiguous health
questions. The exception to this rule would be applications for - ANSWERguaranteed
issue
Continuous 24- hour care provided by licensed medical professionals under the direct
supervision of a physician is called - ANSWERskilled nursing care
The entire contract includes the actual policy and the - ANSWERapplication
,The branch of dentistry which deals with the replacement of missing parts is called -
ANSWERProsthodontics
An agent's license has been suspended for non-renewal. The agent my apply for
reinstatement - ANSWERwithin 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? -
ANSWEREquity- indexed annuity
A closed network plan offers a a primary physician copay of $25. If a subscriber
chooses a primary care physician outside of the network, the subscriber will likely pay -
ANSWER100% of the billed amount
An accident and health insurer has just received written proof of loss from one of its
insureds. The insured must now wait 60 days before - ANSWERbringing legal action
against the insurer
An individual most likely will have an insurable interest in insuring a person's life if -
ANSWERAn 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? - ANSWERParticipation or contribution rules
have been violated
Medicaid is a government-funded program designed to provide health care to -
ANSWERpoor people
Medicare Part A does not pay for medical benefits provided for the treatment in a skilled
nursing facility beyond - ANSWER100 days
A partial surrender in which of the following life policies? - ANSWERuniversal life
An agent's appointment may only be terminated by the - ANSWERinsurer
An applicant's character and personal habits can be obtained for underwriting purposes
from which source? - ANSWERinvestigate consumer report
Which type of business insurance is meant to cover the costs of continuing to do a
business while the owner is disabled? - ANSWERBusiness overhead expense policy
Advertisements for accident and health policies that ONLY cover a stated illness MUST
display a statement that the - ANSWERpolicy is limited
Loss of income insurance provides - ANSWERan individual the means to replace
wages
, A spouse and child can be added to the primary insured's coverage as what kind of
rider? - ANSWERFamily Term
What is known as the immediate specific event causing loss and giving rise to risk? -
ANSWERPeril
Insurance agent Kelly offers a prospect a $1,000 shopping card if an insurance policy is
purchased through her. What illegal activity is this an example of? - ANSWERRebating
A provision that allows a policyowner to withdraw a policy's cash value interest free in a
- ANSWERpartial surrender
An employee has ___ days after the date of marriage to add a new spouse to a small
group health plan. - ANSWER30 days
All of these are considered forms of advertising EXCEPT - ANSWERAn insurer's AM
Best rating
A Medicare supplement plan can be canceled by the insurer - ANSWERfor nonpayment
of premiums
Which of these preventative care services is NOT provided by health insuring
corporation (HIC) primary care physicians? - ANSWERHearing screenings
Under group health insurance, a certificate of coverage is issued to the -
ANSWERemployee
Preferred risk policies with reduced premiums are issued by insurance companies
because the insured has - ANSWERbetter than average mortality or morbidity
experience
An insurer may refuse to renew an employer's small group health plan due to -
ANSWERnonpayment of premium
Which of these is a method of determining the level of funds required for ongoing
support in the event of the breadwinner's death? - ANSWERHuman Life Value
A Long-term care policy typically provides all of the following levels of care EXCEPT -
ANSWERacute care
Pre-death distributions from a modified endowment contract (MEC) receive different tax
treatment than other life insurance policies because - ANSWERthe MEC tends to be an
investment vehicle
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