life, accident and health insurance state exam- OHIO
2026 Exam Latest!! LATEST VERSIONS 190
QUESTIONS AND CORRECT VERIFIED
ANSWERS WITH RATIONALES (100%
CORRECT) A+ GRADED ASSURED
A beneficiary change can occur - CORRECT ANSWER: normally at any time during the policy
term
a common exclusion for limitation on a dental policy is - CORRECT ANSWER: endodontics
a company that is authorized by superintendent to transact insurance business in ohio is called -
CORRECT ANSWER: authorized insurer
a field underwriters main task is - CORRECT ANSWER: ensure info is accurate and complete
a health insurance policy that allows an insurer to change the policy owners premiums but not
cancel the policy is called - CORRECT ANSWER: guaranteed renewable policy
a health insurance policy will typically cover - CORRECT ANSWER: preventative health
services
a life insurance applicant in ohio may backdate the application for up to __ months - CORRECT
ANSWER: three
a life insurance poincyowner does not have the right to - CORRECT ANSWER: revoke an
absolute assignment
,a life insurance policy owner is allowed __ days upon policy delivery to return the policy for a
full premium refund - CORRECT ANSWER: 10 days
a life insurance policy owner was injured in an automobile accident which results in total and
permanent disability. which rider would pay a monthly amount bc of this disability? - CORRECT
ANSWER: disability income rider
a life insurance policy that has premiums fully paid up within a stated time period is called -
CORRECT ANSWER: limited payment insurance
a life insurance policy which contains cash values that vary according to its investment
performance of stocks is called - CORRECT ANSWER: variable whole life
a long-term care policy typically provides all the following levels of care except - CORRECT
ANSWER: acute care
A medicare supplement plan can be canceled by the insurer - CORRECT ANSWER: for
nonpayment of premiums
a minor may receive a life insurance policy death benefit only - CORRECT ANSWER: if the
minor has an appointed guardian
a permanent life insurance policy where the policy owner pays premiums for a specified number
of years is called - CORRECT ANSWER: limited pay policy
A person who is a nonsmoker, of average weight and in excellent health would most likely be in
which risk classification? - CORRECT ANSWER: preferred
a plan in which an employer pays insurance benefits from a fund derived form the employers
current revenues is called - CORRECT ANSWER: a self-funded plan
, a policy owner may change two policy features on what type of life insurance - CORRECT
ANSWER: adjustable life
a proposed insured a health insurance policy was treated for heart disease within the past year.
when applying for health insurance, the hearty disease treatment - CORRECT ANSWER:
indicates a preexisting condition
A provision in a whole life policy that allows a policyowner to terminate the policy in return for
a reduced paid-up policy of the same type is called a(n)
insuring clause
payor provision
reinstatement provision
nonforfeiture provision - CORRECT ANSWER: nonforfeiture provision
a provision that allows a policy owner to withdraw a policy cash value interest free is a -
CORRECT ANSWER: partial surrender
A Roth IRA owner must be at least what age in order to make tax-free withdrawals?
59 1/2 and owned account for a minimum of 10 years
59 1/2 and owned account for a minimum of 5 years
70 1/2 and owned account for a minimum of 10 years
70 1/2 and owned account for a minimum of 5 years - CORRECT ANSWER: 59 1/2 ad owned
for 5 years
2026 Exam Latest!! LATEST VERSIONS 190
QUESTIONS AND CORRECT VERIFIED
ANSWERS WITH RATIONALES (100%
CORRECT) A+ GRADED ASSURED
A beneficiary change can occur - CORRECT ANSWER: normally at any time during the policy
term
a common exclusion for limitation on a dental policy is - CORRECT ANSWER: endodontics
a company that is authorized by superintendent to transact insurance business in ohio is called -
CORRECT ANSWER: authorized insurer
a field underwriters main task is - CORRECT ANSWER: ensure info is accurate and complete
a health insurance policy that allows an insurer to change the policy owners premiums but not
cancel the policy is called - CORRECT ANSWER: guaranteed renewable policy
a health insurance policy will typically cover - CORRECT ANSWER: preventative health
services
a life insurance applicant in ohio may backdate the application for up to __ months - CORRECT
ANSWER: three
a life insurance poincyowner does not have the right to - CORRECT ANSWER: revoke an
absolute assignment
,a life insurance policy owner is allowed __ days upon policy delivery to return the policy for a
full premium refund - CORRECT ANSWER: 10 days
a life insurance policy owner was injured in an automobile accident which results in total and
permanent disability. which rider would pay a monthly amount bc of this disability? - CORRECT
ANSWER: disability income rider
a life insurance policy that has premiums fully paid up within a stated time period is called -
CORRECT ANSWER: limited payment insurance
a life insurance policy which contains cash values that vary according to its investment
performance of stocks is called - CORRECT ANSWER: variable whole life
a long-term care policy typically provides all the following levels of care except - CORRECT
ANSWER: acute care
A medicare supplement plan can be canceled by the insurer - CORRECT ANSWER: for
nonpayment of premiums
a minor may receive a life insurance policy death benefit only - CORRECT ANSWER: if the
minor has an appointed guardian
a permanent life insurance policy where the policy owner pays premiums for a specified number
of years is called - CORRECT ANSWER: limited pay policy
A person who is a nonsmoker, of average weight and in excellent health would most likely be in
which risk classification? - CORRECT ANSWER: preferred
a plan in which an employer pays insurance benefits from a fund derived form the employers
current revenues is called - CORRECT ANSWER: a self-funded plan
, a policy owner may change two policy features on what type of life insurance - CORRECT
ANSWER: adjustable life
a proposed insured a health insurance policy was treated for heart disease within the past year.
when applying for health insurance, the hearty disease treatment - CORRECT ANSWER:
indicates a preexisting condition
A provision in a whole life policy that allows a policyowner to terminate the policy in return for
a reduced paid-up policy of the same type is called a(n)
insuring clause
payor provision
reinstatement provision
nonforfeiture provision - CORRECT ANSWER: nonforfeiture provision
a provision that allows a policy owner to withdraw a policy cash value interest free is a -
CORRECT ANSWER: partial surrender
A Roth IRA owner must be at least what age in order to make tax-free withdrawals?
59 1/2 and owned account for a minimum of 10 years
59 1/2 and owned account for a minimum of 5 years
70 1/2 and owned account for a minimum of 10 years
70 1/2 and owned account for a minimum of 5 years - CORRECT ANSWER: 59 1/2 ad owned
for 5 years
