OHIO LIFE/HEALTH INSURANCE ACTUAL REAL
EXAM NEW (2025/2026) VERSION ALL COMPLETE
QUESTIONS AND DETAILED CORRECT ANSWERS
Page | 1
|EXPERT VERIFIED FOR GUARANTEED PASS|
TOP RATED A+.
OHIO LIFE/HEALTH INSURANCE
Pass the Ohio Life/Health Insurance exam 2025/2026. This exam resource
features questions in areas like: insurance policies, state regulations, and
ethical practices. This study guide is perfect for aspiring insurance agents
and brokers preparing for Ohio licensure.
Which statement best describes the tax responsibilities under a Business
Overhead policy? ...... ANSWER ......Premiums are deductible,
benefits are taxed
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
Page | 2
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:
Page | 3
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
Page | 4
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
Under the Legal Actions provision, the insured cannot sue for non-
payment of a valid claim until after 60 days, in order to ...... ANSWER
......Give the insurer time to investigate the claim
Premiums paid for Individual Disability Income policies are ......
ANSWER ......Not tax deductible
Key Employee Disability Income Insurance ...... ANSWER ......Is a
form of 3rd party ownership
EXAM NEW (2025/2026) VERSION ALL COMPLETE
QUESTIONS AND DETAILED CORRECT ANSWERS
Page | 1
|EXPERT VERIFIED FOR GUARANTEED PASS|
TOP RATED A+.
OHIO LIFE/HEALTH INSURANCE
Pass the Ohio Life/Health Insurance exam 2025/2026. This exam resource
features questions in areas like: insurance policies, state regulations, and
ethical practices. This study guide is perfect for aspiring insurance agents
and brokers preparing for Ohio licensure.
Which statement best describes the tax responsibilities under a Business
Overhead policy? ...... ANSWER ......Premiums are deductible,
benefits are taxed
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
Page | 2
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:
Page | 3
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
Page | 4
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
Under the Legal Actions provision, the insured cannot sue for non-
payment of a valid claim until after 60 days, in order to ...... ANSWER
......Give the insurer time to investigate the claim
Premiums paid for Individual Disability Income policies are ......
ANSWER ......Not tax deductible
Key Employee Disability Income Insurance ...... ANSWER ......Is a
form of 3rd party ownership
