Ohio Laws and Rules questions and
answers
A form of medical health insurance covering the treatment and care of gum disease is
called: ✅✅Dental expense insurance
A life insurable policy's advertising material MUST contain all of the following
information EXCEPT: ✅✅Agent's commission.
-Exceptions include:
-If the spokesperson was paid
-Statement that dividends are not guaranteed
-Company's name
A life insurance applicant in Ohio may backdate the application for up to _____
month(s). ✅✅3 months. Backdating a life insurance application in Ohio is permitted
as long as it involves a period of no more than 3 months before the date the application
was originally made. Most other states allow up to 6 months.
A life insurance applicant in Ohio may backdate the application for up to_______
month(s). ✅✅3 months. In order to save on premiums, a life insurance policy can
legally be backdated up to 3 months.
A life insurance policyowner is allowed ________ days upon policy delivery to return the
policy for a full premium refund. ✅✅10 days. The majority of companies allow a free-
look period of 10 days for life insurance polices.
A minor may receive a life insurance policy's death benefit ONLY: ✅✅If the minor has
an appointed guardian
A non-admitted insurer: ✅✅Is not afforded protection by the guaranty fund. A non-
admitted insurer is not affordable protection by the guaranty fund.
A viatical settlement broke may NOT: ✅✅Make any transactions before being
approved for a license. The exception to this would be certain eligible financial
professionals.
According the Affordable Care Act, what is the maximum amount an individual can
contribute to a Flexible Savings Account? ✅✅$2,500.00
Advertisements for accidental and health policies that ONLY cover a stated illness
MUST display a statement that the: ✅✅Policy is limited. Ohio requires
advertisements for accident and health insurance polices covering ONLY a specified
illness to prominently display a statement that the policy is limited.
, Advertising regulations exist in order to: ✅✅Demonstrate full and truthful disclosures
to the public
All Health Benefit Plans issued after January 1, 2014 must provide: ✅✅Preventative
health services
All of these are considered forms of advertising EXCEPT: ✅✅An insurer's Am Best
rating.
-Exceptions include:
-Billboard announcing a new insurance product
-A radio message promoting an insurer's client satisfaction
-An oral presentation given by an agent.
All of these are responsibilities of the superintendent EXCEPT: ✅✅Endorsing
Insurers
-Exceptions include:
-Administering Oaths'
-Subpoena a witness
-Approving policy forms
An advertisement for an insurance product may contain: ✅✅The insurer's name. It's
permitted in advertisement for an insurance policy.
An agent has committed an insurance crime that violated US Code (interstate
commerce). Who would be responsible for the prosecution of this crime? ✅✅US
Attorney General
An agent is legally permitted to share his/her commissions: ✅✅With another licensed
agent. An agent may share commissions with another licensed agent that is similarly
licensed.
An agent's appointment has been terminated by the insurer. The insurer must then
notify the superintendent within _______ days of the termination. ✅✅30 days
An employee has ______ days after the date of marriage to add a new spouse to a
small group health plan. ✅✅30 days. After the date of marriage, an insurer is required
to provide a minimum of 30 days for an employee to add a new spouse to a small health
plan.
An employer with under 20 employees must allow a terminated employee to continue
accident and health coverage for a MINIMUM of _______ months. ✅✅12 months.
answers
A form of medical health insurance covering the treatment and care of gum disease is
called: ✅✅Dental expense insurance
A life insurable policy's advertising material MUST contain all of the following
information EXCEPT: ✅✅Agent's commission.
-Exceptions include:
-If the spokesperson was paid
-Statement that dividends are not guaranteed
-Company's name
A life insurance applicant in Ohio may backdate the application for up to _____
month(s). ✅✅3 months. Backdating a life insurance application in Ohio is permitted
as long as it involves a period of no more than 3 months before the date the application
was originally made. Most other states allow up to 6 months.
A life insurance applicant in Ohio may backdate the application for up to_______
month(s). ✅✅3 months. In order to save on premiums, a life insurance policy can
legally be backdated up to 3 months.
A life insurance policyowner is allowed ________ days upon policy delivery to return the
policy for a full premium refund. ✅✅10 days. The majority of companies allow a free-
look period of 10 days for life insurance polices.
A minor may receive a life insurance policy's death benefit ONLY: ✅✅If the minor has
an appointed guardian
A non-admitted insurer: ✅✅Is not afforded protection by the guaranty fund. A non-
admitted insurer is not affordable protection by the guaranty fund.
A viatical settlement broke may NOT: ✅✅Make any transactions before being
approved for a license. The exception to this would be certain eligible financial
professionals.
According the Affordable Care Act, what is the maximum amount an individual can
contribute to a Flexible Savings Account? ✅✅$2,500.00
Advertisements for accidental and health policies that ONLY cover a stated illness
MUST display a statement that the: ✅✅Policy is limited. Ohio requires
advertisements for accident and health insurance polices covering ONLY a specified
illness to prominently display a statement that the policy is limited.
, Advertising regulations exist in order to: ✅✅Demonstrate full and truthful disclosures
to the public
All Health Benefit Plans issued after January 1, 2014 must provide: ✅✅Preventative
health services
All of these are considered forms of advertising EXCEPT: ✅✅An insurer's Am Best
rating.
-Exceptions include:
-Billboard announcing a new insurance product
-A radio message promoting an insurer's client satisfaction
-An oral presentation given by an agent.
All of these are responsibilities of the superintendent EXCEPT: ✅✅Endorsing
Insurers
-Exceptions include:
-Administering Oaths'
-Subpoena a witness
-Approving policy forms
An advertisement for an insurance product may contain: ✅✅The insurer's name. It's
permitted in advertisement for an insurance policy.
An agent has committed an insurance crime that violated US Code (interstate
commerce). Who would be responsible for the prosecution of this crime? ✅✅US
Attorney General
An agent is legally permitted to share his/her commissions: ✅✅With another licensed
agent. An agent may share commissions with another licensed agent that is similarly
licensed.
An agent's appointment has been terminated by the insurer. The insurer must then
notify the superintendent within _______ days of the termination. ✅✅30 days
An employee has ______ days after the date of marriage to add a new spouse to a
small group health plan. ✅✅30 days. After the date of marriage, an insurer is required
to provide a minimum of 30 days for an employee to add a new spouse to a small health
plan.
An employer with under 20 employees must allow a terminated employee to continue
accident and health coverage for a MINIMUM of _______ months. ✅✅12 months.
