Ohio Health and life insurance exam
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 *** 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 *** The face amount and
premium will remain constant over the 10 year period
Which of the following provides Medicare supplement policies? *** 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 *** 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? *** Temporary
employee
Which of the following is a reinstatement condition? *** Proof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the subject of ethics
every reporting period. *** 3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In Ohio, Carole is
considered to be a *** nonresident agent
Long- term care insurance applications must contain plain and unambiguous health questions. The
exception to this rule would be applications for *** guaranteed issue
, Continuous 24- hour care provided by licensed medical professionals under the direct supervision of a
physician is called *** skilled nursing care
The entire contract includes the actual policy and the *** application
The branch of dentistry which deals with the replacement of missing parts is called *** Prosthodontics
An agent's license has been suspended for non-renewal. The agent my apply for reinstatement ***
within 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? *** 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 *** 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 *** bringing legal action against the insurer
An individual most likely will have an insurable interest in insuring a person's life if *** 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? *** Participation or contribution rules have been violated
Medicaid is a government-funded program designed to provide health care to *** poor people
Medicare Part A does not pay for medical benefits provided for the treatment in a skilled nursing facility
beyond *** 100 days
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 *** 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 *** The face amount and
premium will remain constant over the 10 year period
Which of the following provides Medicare supplement policies? *** 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 *** 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? *** Temporary
employee
Which of the following is a reinstatement condition? *** Proof of insurability
Ohio requires that a licensee complete ______ hours of continuing education on the subject of ethics
every reporting period. *** 3
Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In Ohio, Carole is
considered to be a *** nonresident agent
Long- term care insurance applications must contain plain and unambiguous health questions. The
exception to this rule would be applications for *** guaranteed issue
, Continuous 24- hour care provided by licensed medical professionals under the direct supervision of a
physician is called *** skilled nursing care
The entire contract includes the actual policy and the *** application
The branch of dentistry which deals with the replacement of missing parts is called *** Prosthodontics
An agent's license has been suspended for non-renewal. The agent my apply for reinstatement ***
within 12 months of the license renewal date
Which of the following is an annuity that is linked to a market-related index? *** 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 *** 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 *** bringing legal action against the insurer
An individual most likely will have an insurable interest in insuring a person's life if *** 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? *** Participation or contribution rules have been violated
Medicaid is a government-funded program designed to provide health care to *** poor people
Medicare Part A does not pay for medical benefits provided for the treatment in a skilled nursing facility
beyond *** 100 days
