Ohio state exam life an - Study guides, Class notes & Summaries

1 EXAM SIMULATOR - OHIO LIFE AND HEALTH STATE EXAM SIMULATOR: REVIEW QUESTIONS AND ANSWERS, RATED A+ Ohio requires that a licensee complete ___ hours of continuing education on the subject of ethics every reporting period. Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called... Estate funding Capital gains Estate conservation Capital withholding Estate conservation Brainpower Read More Previous Play Next Rewind 10 seconds Move fo...

1 EXAM SIMULATOR - OHIO LIFE AND HEALTH STATE EXAM SIMULATOR: REVIEW QUESTIONS AND ANSWERS, RATED A+ Ohio requires that a licensee complete ___ hours of continuing education on the subject of ethics every reporting period. Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called... Estate funding Capital gains Estate conservation Capital withholding Estate conservation Brainpower Read More Previous Play Next Rewind 10 seconds Move fo...

Ohio life and Health Insurance Practice Final Exam Questions with accurate answers. Graded A. 2022/2023. Rated A Document Content and Description Below Ohio life and Health Insurance Practice Final Exam Questions with accurate answers. Graded A. 2022/2023. Rated A 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 guaranteed renewable. - long-term...

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 ...

1 OHIO LIFE AND HEALTH PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Request for verification from a viatical settlement provider - -needs to respond within 30 calendar days what does medical Part D cover? - -Part D covers prescription drugs With violation of a state insurance law - -may be assessed the administrative costs sustained by the department over the course of the year, which premium payment mode is the most expensive? - -monthly when screening an applicant for HIV, ...

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 the policy for a full premium refund. - -10 an insurance agent agrees to pay the first monthly premium for an insurance applicant. This is called - -Rebate a life insurance company has transferr...

1 OHIO LIFE EXAM 11-44: EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ Which of the following would be sufficient violation to warrant rejection, revocation, or suspension of an insurance agent's license? 1) a moving violation ticket 2) a denied license in another state 3) acting as a fiduciary 4) an unintentional misrepresentation of the terms of a contract - -2) a denied license in another state What method do insurers use to protect themselves against catastrophic lo...

Ohio life/health insurance study guide State Exam 2024 Which statement best describes the tax responsibilities under a Business Overhead policy? - CORRECT ANSWER-Premiums are deductible, benefits are taxed In which type of insurance company may stockholders share in the profits and losses of the insurer? - CORRECT ANSWER-Stock In which company may policy owners receive policy dividends when there is a profit? - CORRECT ANSWER-mutual The law of large numbers states that - CORRECT ANSWE...

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...

OPOTA SPO's Exam Questions With Correct Answers Latest Updated (Graded A+) The relationship between an SPO and a test question is, - correct answer • The test question must respond directly to the SPO and for every SPO there is a test question. The ultimate reason for law enforcement training is - correct answer • To be able to protect the life and property of yourself and the public. The term role is defined as, - correct answer • Characteristics and expected social behavior of an...