Ohio health and - Study guides, Class notes & Summaries
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Ohio Health and life insurance exam Exam Questions and Answers (2024 / 2025) (Verified Answers)
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Ohio Health and life insurance exam 
Exam Questions and Answers (2024 / 
2025) (Verified Answers) 
Insurance - CORRECT ANSWER A contract that indemnifies 
another against loss, damage, or liability 
Indemnify - CORRECT ANSWER To make one whole by 
restoring them to the same financial position that existed 
before the loss 
Pure risk - CORRECT ANSWER There is only a chance of 
loss and there is no possibility for gain (insurable) 
Speculative risk - CORRECT ANSWER Uncertainty of loss or 
g...
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OHIO HEALTH AND LIFE INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+
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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 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 - -The face amount and 
premium will remain constan...
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OHIO HEALTH AND LIFE INSURANCE EXAM
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OHIO HEALTH AND LIFE INSURANCE EXAM
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Ohio Health and life insurance exam-with 100% verified solutions 2024-2025
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Ohio Health and life insurance exam-with 100% verified solutions
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Ohio Psychologist Jurisprudence Oral Exam || Questions & Answers (Rated A+)
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Ohio Psychologist Jurisprudence Oral Exam || Questions & Answers (Rated A+) 
Ohio Psychologist Jurisprudence Oral Exam || Questions & Answers (Rated A+) 
 
Area 1: Supervision 
 
Supervisory relationship regulations define what 4 areas? - ANSWER - Supervisory relationship regulations define: 
1. scope of supervision - regulation apply to whom 
2. definition of the purpose of supervision 
3. definition of what supervision is 
4. what's required in supervision by the regulations 
 
Area 1: Superv...
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Ohio Health and Life Insurance Practice Questions with 100% Correct Answers | Verified
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Ohio Health and Life Insurance Practice Questions with 100% 
Correct Answers | Verified
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Ohio Health and life insurance exam Exam Questions and Answers (2024 / 2025) (Verified Answers)
- Exam (elaborations) • 19 pages • 2024
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Ohio Health and life insurance exam 
Exam Questions and Answers 
(2024 / 2025) (Verified 
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 
How soon can the benefit payments begin with a deferred 
annuity? - CORRECT answer A minimum of 12 months after 
date of purchase 
Which of these factors is NOT taken into consideration when 
determining the cost of a lon...
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Ohio Health and life insurance exam Exam Questions and Answers (2024 / 2025) (Verified Answers)
- Exam (elaborations) • 19 pages • 2024
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- $15.49
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Ohio Health and life insurance exam 
Exam Questions and Answers 
(2024 / 2025) (Verified 
Answers) 
How soon can the benefit payments begin with a deferred 
annuity? - CORRECT ANSWER A minimum of 12 months 
after date of purchase 
Which of these factors is NOT taken into consideration when 
determining the cost of a long- term care policy? - CORRECT 
ANSWER Personal income 
An agent is legally permitted to share his/her commissions - 
CORRECT ANSWER with another licensed agent 
The waiver ...
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Ohio Health and life insurance exam 100% Pass
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Ohio Health and life insurance exam 100% Pass 
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 - Answer ️️ -cancelable 
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 - Answer ️️ -The face 
amount and premium will remain constant over th...
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Ohio Health and life insurance exam| 150 Questions| Correct 100%
- Exam (elaborations) • 11 pages • 2024
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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 - ANSWER cancelable 
 
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 - ANSWER The face amount and premium will remain constant over the 10 year period 
 
Which of the following provides Medicare su...
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