1
OHIO HEALTH INSURANCE EXAM QUESTIONS
WITH 100% CORRECT VERIFIED ANSWERS LATEST
UPDATE 2026 ALREADY GRADED A
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 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 EXCEPT 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?
,2
A.) it is health insurance for the elderly
B.) it is administered by the Federal government
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 care
, 3
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
D.) Collateral assignment ✔✔Policy ownership
What percentage of a participant's income are group long-term disability benefit amounts typically
limited to? A.) 30%
B.) 40%
C.) 50%
D.) 60% ✔✔60%
All of the following may be an unfair claims practice EXCEPT:
A.) Turning down a claim without providing the basis of denial
B.) Denying an insured's fraudulent claim
C.) Failing to promptly acknowledge pertinent communications concerning claims
D.) Failing to effectuate prompt, fair, and equitable settlements of a claim ✔✔Denying an insured's
fraudulent claim
Which of the following is NOT a common exclusion for a medical expense policy?
OHIO HEALTH INSURANCE EXAM QUESTIONS
WITH 100% CORRECT VERIFIED ANSWERS LATEST
UPDATE 2026 ALREADY GRADED A
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 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 EXCEPT 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?
,2
A.) it is health insurance for the elderly
B.) it is administered by the Federal government
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 care
, 3
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
D.) Collateral assignment ✔✔Policy ownership
What percentage of a participant's income are group long-term disability benefit amounts typically
limited to? A.) 30%
B.) 40%
C.) 50%
D.) 60% ✔✔60%
All of the following may be an unfair claims practice EXCEPT:
A.) Turning down a claim without providing the basis of denial
B.) Denying an insured's fraudulent claim
C.) Failing to promptly acknowledge pertinent communications concerning claims
D.) Failing to effectuate prompt, fair, and equitable settlements of a claim ✔✔Denying an insured's
fraudulent claim
Which of the following is NOT a common exclusion for a medical expense policy?
