OHIO HEALTH AND LIFE INSURANCE
CERTIFICATION REVIEW SET 2026
QUESTIONS WITH ANSWERS GRADED A+
⫸ In which type of insurance company may stockholders share in the
profits and losses of the insurer? Answer: Stock
⫸ In which company may policy owners receive policy dividends when
there is a profit? Answer: mutual
⫸ The law of large numbers states that Answer: Predictions become
more accurate as the number of units being considered increases
⫸ Premiums paid by sole proprietors for Individual Health Insurance
coverage are Answer: Fully deductible
⫸ In Group Health Insurance, the contract is between the Answer:
Employer and the insurance company
⫸ An agent is a representative of the Answer: Insurance company
⫸ What statement is TRUE regarding an agent sharing commissions?
Answer: An agent may share commissions with another agent who is
licensed for that line of insurance
,⫸ Ohio Small Group policies may cover a maximum of ______ people?
Answer: 50
⫸ Which term means that an insurance contract has unequal
consideration between the policy owner and the company? Answer:
Aleatory
⫸ The free look when replacing Long-Term Care insurance is ______
days? Answer: 30
⫸ Insurance is a means of ______ risk. Answer: Transferring
⫸ 1. The federal government enacted USC 1033 to do all of the
following EXCEPT:
a. Allow the federal Department of Insurance to indict individuals in
violation of USC 1033
b. Allow the state Superintendent to refuse to issue or renew any license
c. Prohibit convicted individuals from engaging in insurance business
d. Prohibit embezzlement and/or false reporting of information in
company books Answer: a. Allow the federal Department of Insurance
to indict individuals in violation of USC 1033
⫸ Which is a true statement about Long-Term Care Insurance? Answer:
Long-Term Care Insurance does not cover acute care in the hospital
, ⫸ HIV exams Answer: Require prior informed written consent from the
applicant
⫸ A Health Insurance policy providing family coverage must cover
newborns Answer: From the moment of birth
⫸ The Disability policy probationary period Answer: Applies only to
sickness
⫸ An insurance agent license in Ohio must be renewed every _____
year(s) Answer: 2
⫸ For how long may a temporary insurance agent license be issued?
Answer: Up to 180 days
⫸ A customer who wants coverage for medical bills for a broken leg
should buy Answer: Medical Expense
⫸ Regarding Disability Income benefits under Social Security, Answer:
The claimant must not be able to perform any substantial, gainful work
⫸ Ohio Small Group policies may cover a minimum of _____ people.
Answer: 2
⫸ A Medicare Part A claim begins on the date of Answer:
Hospitalization
CERTIFICATION REVIEW SET 2026
QUESTIONS WITH ANSWERS GRADED A+
⫸ In which type of insurance company may stockholders share in the
profits and losses of the insurer? Answer: Stock
⫸ In which company may policy owners receive policy dividends when
there is a profit? Answer: mutual
⫸ The law of large numbers states that Answer: Predictions become
more accurate as the number of units being considered increases
⫸ Premiums paid by sole proprietors for Individual Health Insurance
coverage are Answer: Fully deductible
⫸ In Group Health Insurance, the contract is between the Answer:
Employer and the insurance company
⫸ An agent is a representative of the Answer: Insurance company
⫸ What statement is TRUE regarding an agent sharing commissions?
Answer: An agent may share commissions with another agent who is
licensed for that line of insurance
,⫸ Ohio Small Group policies may cover a maximum of ______ people?
Answer: 50
⫸ Which term means that an insurance contract has unequal
consideration between the policy owner and the company? Answer:
Aleatory
⫸ The free look when replacing Long-Term Care insurance is ______
days? Answer: 30
⫸ Insurance is a means of ______ risk. Answer: Transferring
⫸ 1. The federal government enacted USC 1033 to do all of the
following EXCEPT:
a. Allow the federal Department of Insurance to indict individuals in
violation of USC 1033
b. Allow the state Superintendent to refuse to issue or renew any license
c. Prohibit convicted individuals from engaging in insurance business
d. Prohibit embezzlement and/or false reporting of information in
company books Answer: a. Allow the federal Department of Insurance
to indict individuals in violation of USC 1033
⫸ Which is a true statement about Long-Term Care Insurance? Answer:
Long-Term Care Insurance does not cover acute care in the hospital
, ⫸ HIV exams Answer: Require prior informed written consent from the
applicant
⫸ A Health Insurance policy providing family coverage must cover
newborns Answer: From the moment of birth
⫸ The Disability policy probationary period Answer: Applies only to
sickness
⫸ An insurance agent license in Ohio must be renewed every _____
year(s) Answer: 2
⫸ For how long may a temporary insurance agent license be issued?
Answer: Up to 180 days
⫸ A customer who wants coverage for medical bills for a broken leg
should buy Answer: Medical Expense
⫸ Regarding Disability Income benefits under Social Security, Answer:
The claimant must not be able to perform any substantial, gainful work
⫸ Ohio Small Group policies may cover a minimum of _____ people.
Answer: 2
⫸ A Medicare Part A claim begins on the date of Answer:
Hospitalization
