OHIO HEALTH AND LIFE INSURANCE 2024 EXAM
ACTUAL EXAM COMPLETE 450 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY 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 - 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 supplement policies? - ANSWER: Private
insurance companies
Under the Health Insurance Portability and Accountability Act (HIPAA), the
employee's new Group Health Plan will verify Creditable Coverage so that the -
ANSWER: employee's waiting period for coverage of a preexisting condition can be
reduced under the new employer's health plan
Which of the following is typically NOT eligible for the coverage in a group health
policy? - ANSWER: Temporary employee
Which of the following is a reinstatement condition? - ANSWER: Proof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the
subject of ethics every reporting period. - ANSWER: 3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, Carole is considered to be a - ANSWER: nonresident agent
Long- term care insurance applications must contain plain and unambiguous health
questions. The exception to this rule would be applications for - ANSWER:
guaranteed issue
Continuous 24- hour care provided by licensed medical professionals under the
direct supervision of a physician is called - ANSWER: skilled nursing care
The entire contract includes the actual policy and the - ANSWER: application
The branch of dentistry which deals with the replacement of missing parts is called -
ANSWER: Prosthodontics
, An agent's license has been suspended for non-renewal. The agent my apply for
reinstatement - ANSWER: within 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? -
ANSWER: Equity- indexed annuity
A closed network plan offers a a primary physician copay of $25. If a subscriber
chooses a primary care physician outside of the network, the subscriber will likely
pay - ANSWER: 100% of the billed amount
An accident and health insurer has just received written proof of loss from one of its
insureds. The insured must now wait 60 days before - ANSWER: bringing legal action
against the insurer
An individual most likely will have an insurable interest in insuring a person's life if -
ANSWER: An economic interest exists for the continuance of the insured's life
According to the Health Insurance Portability and Accountability Act (HIPPA), when
can a group health policy renewal be denied? - ANSWER: Participation or
contribution rules have been violated
Medicaid is a government-funded program designed to provide health care to -
ANSWER: poor people
Medicare Part A does not pay for medical benefits provided for the treatment in a
skilled nursing facility beyond - ANSWER: 100 days
A partial surrender in which of the following life policies? - ANSWER: universal life
An agent's appointment may only be terminated by the - ANSWER: insurer
An applicant's character and personal habits can be obtained for underwriting
purposes from which source? - ANSWER: investigate consumer report
Which type of business insurance is meant to cover the costs of continuing to do a
business while the owner is disabled? - ANSWER: Business overhead expense policy
Advertisements for accident and health policies that ONLY cover a stated illness
MUST display a statement that the - ANSWER: policy is limited
Loss of income insurance provides - ANSWER: an individual the means to replace
wages
A spouse and child can be added to the primary insured's coverage as what kind of
rider? - ANSWER: Family Term
ACTUAL EXAM COMPLETE 450 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY 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 - 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 supplement policies? - ANSWER: Private
insurance companies
Under the Health Insurance Portability and Accountability Act (HIPAA), the
employee's new Group Health Plan will verify Creditable Coverage so that the -
ANSWER: employee's waiting period for coverage of a preexisting condition can be
reduced under the new employer's health plan
Which of the following is typically NOT eligible for the coverage in a group health
policy? - ANSWER: Temporary employee
Which of the following is a reinstatement condition? - ANSWER: Proof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the
subject of ethics every reporting period. - ANSWER: 3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, Carole is considered to be a - ANSWER: nonresident agent
Long- term care insurance applications must contain plain and unambiguous health
questions. The exception to this rule would be applications for - ANSWER:
guaranteed issue
Continuous 24- hour care provided by licensed medical professionals under the
direct supervision of a physician is called - ANSWER: skilled nursing care
The entire contract includes the actual policy and the - ANSWER: application
The branch of dentistry which deals with the replacement of missing parts is called -
ANSWER: Prosthodontics
, An agent's license has been suspended for non-renewal. The agent my apply for
reinstatement - ANSWER: within 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? -
ANSWER: Equity- indexed annuity
A closed network plan offers a a primary physician copay of $25. If a subscriber
chooses a primary care physician outside of the network, the subscriber will likely
pay - ANSWER: 100% of the billed amount
An accident and health insurer has just received written proof of loss from one of its
insureds. The insured must now wait 60 days before - ANSWER: bringing legal action
against the insurer
An individual most likely will have an insurable interest in insuring a person's life if -
ANSWER: An economic interest exists for the continuance of the insured's life
According to the Health Insurance Portability and Accountability Act (HIPPA), when
can a group health policy renewal be denied? - ANSWER: Participation or
contribution rules have been violated
Medicaid is a government-funded program designed to provide health care to -
ANSWER: poor people
Medicare Part A does not pay for medical benefits provided for the treatment in a
skilled nursing facility beyond - ANSWER: 100 days
A partial surrender in which of the following life policies? - ANSWER: universal life
An agent's appointment may only be terminated by the - ANSWER: insurer
An applicant's character and personal habits can be obtained for underwriting
purposes from which source? - ANSWER: investigate consumer report
Which type of business insurance is meant to cover the costs of continuing to do a
business while the owner is disabled? - ANSWER: Business overhead expense policy
Advertisements for accident and health policies that ONLY cover a stated illness
MUST display a statement that the - ANSWER: policy is limited
Loss of income insurance provides - ANSWER: an individual the means to replace
wages
A spouse and child can be added to the primary insured's coverage as what kind of
rider? - ANSWER: Family Term
