Life, Accident and Health Insurance State
Exam- OH/ 186 Q&A/ 2024-2025.
A person who is a nonsmoker, of average weight and in excellent health would
most likely be in which risk classification? - Answer: preferred
Preferred risk policies with reduced premiums are issued by insurance companies
bc the insured has - Answer: better than average mortality
The waiver of premium does NOT include which provision? - Answer: Al future
premiums are waived if the insured recovers from the disability
An advertisement for an insurance product may contain - Answer: the insurer's
name
Page 1 of 27
,A Medicare supplement plan can be canceled by the insurer - Answer: for
nonpayment of premiums
The principle of insurable interest, in regards to a life insurance contract, is
accurately described in which statement? - Answer: Insurable interest can be
based on the love and affection of individuals related by blood or law
Craig submits a %500 claim for medical expenses. With a past due premium of
$100, the insurer pays $400. which of the uniform optional provisions covers this
situation? - Answer: unpaid premium
An example of a health insuring corporation (HIC) specialty care provider is -
Answer: neurologist
an insurance company needs to obtain personal info from a 3rd part concerning
an applicant. which law do all insurers and their producers need to comply with? -
Answer: fair credit reporting act
time is covered under a group plan and would like to changed his coverage to an
individual policy w the same insurer bc of employment termination. which of
these describes the change that will take place? - Answer: conversion
an agents appt has been terminated by insurer. the insurer must then notify the
superintendent within how many days of the termination? - Answer: 30
Page 2 of 27
, the suicide clause of a life insurance policy states that if an insured commits
suicide w in a stated period from the policy inception, the insurer will only be
liable for a return of prisms paid - Answer: minus indebtedness and without
interest
which of the following is considered to be an alternative to a life settlement? -
Answer: accelerated death benefit rider
if the annuitant dies before the annuity start date, - Answer: the premiums paid
plus interest earned will be given to the beneficiary
a life insurance policy that has premiums fully paid up within a stated time period
is called - Answer: limited payment insurance
shopping for annuity that guarantees he cannot outlive the benefits. which of
these benefit options would he choose - Answer: guaranteed lifetime withdrawal
benefit
what is medicare part b known as - Answer: supplementary medical insurance
field underwriting performed by the producer involves - Answer: completing the
application and collecting initial premium
Page 3 of 27
Exam- OH/ 186 Q&A/ 2024-2025.
A person who is a nonsmoker, of average weight and in excellent health would
most likely be in which risk classification? - Answer: preferred
Preferred risk policies with reduced premiums are issued by insurance companies
bc the insured has - Answer: better than average mortality
The waiver of premium does NOT include which provision? - Answer: Al future
premiums are waived if the insured recovers from the disability
An advertisement for an insurance product may contain - Answer: the insurer's
name
Page 1 of 27
,A Medicare supplement plan can be canceled by the insurer - Answer: for
nonpayment of premiums
The principle of insurable interest, in regards to a life insurance contract, is
accurately described in which statement? - Answer: Insurable interest can be
based on the love and affection of individuals related by blood or law
Craig submits a %500 claim for medical expenses. With a past due premium of
$100, the insurer pays $400. which of the uniform optional provisions covers this
situation? - Answer: unpaid premium
An example of a health insuring corporation (HIC) specialty care provider is -
Answer: neurologist
an insurance company needs to obtain personal info from a 3rd part concerning
an applicant. which law do all insurers and their producers need to comply with? -
Answer: fair credit reporting act
time is covered under a group plan and would like to changed his coverage to an
individual policy w the same insurer bc of employment termination. which of
these describes the change that will take place? - Answer: conversion
an agents appt has been terminated by insurer. the insurer must then notify the
superintendent within how many days of the termination? - Answer: 30
Page 2 of 27
, the suicide clause of a life insurance policy states that if an insured commits
suicide w in a stated period from the policy inception, the insurer will only be
liable for a return of prisms paid - Answer: minus indebtedness and without
interest
which of the following is considered to be an alternative to a life settlement? -
Answer: accelerated death benefit rider
if the annuitant dies before the annuity start date, - Answer: the premiums paid
plus interest earned will be given to the beneficiary
a life insurance policy that has premiums fully paid up within a stated time period
is called - Answer: limited payment insurance
shopping for annuity that guarantees he cannot outlive the benefits. which of
these benefit options would he choose - Answer: guaranteed lifetime withdrawal
benefit
what is medicare part b known as - Answer: supplementary medical insurance
field underwriting performed by the producer involves - Answer: completing the
application and collecting initial premium
Page 3 of 27
