Ohio Health and life insurance exam
OHIO HEALTH AND LIFE INSURANCE EXAM NEWEST 2025/2026
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |BRAND NEW VERSION!!
Which type of business insurance is meant to cover the costs of continuing to do
business while the owner is disabled?
A.) Disability overhead policy
B.) Business continuation policy
C.) Disability buy-sell policy
D.) Business overhead expense policy - Correct Answer-Business overhead
expense policy
An applicant's character and personal habits can be obtained for underwriting
purposes from which source?
A.) Investigative consumer report
B.) Attending physician's statement
C.) Medical Information Bureau (MIB)
D.) Credit report - Correct Answer-Investigative consumer report
Which of the following is NOT a type of Medicare Advantage Plan?
A.) Health Maintenance Organization (HMO)
B.) Preferred Provider Organization (PPO)
C.) Private Fee-For-Services (PFFS)
D.) Social Security Disability Income (SSDI) - Correct Answer-Social Security
Disability Income (SSDI)
1|Page
, Ohio Health and life insurance exam
A Medicare Supplement Policy is:
A.) government insurance designed to provide healthcare to the elderly
B.) designed to provide prescription drug coverage to the elderly
C.) designed to fill in the gaps of Part A and Part B Medicare
D.) a supplement to Medicare Advantage Part C - Correct Answer-designed to fill
in the gaps of Part A and Part B Medicare
The difference between pre-certification and concurrent review is that pre-
certification:
A.) costs more to the patient
B.) costs less to the patient
C.) is considered a cost containment measure
D.) occurs before the treatment is provided - Correct Answer-occurs before the
treatment is provided
Medical Expense Insurance would cover:
A.) an injury occurring at the insured's residence
B.) an injury occurring at work
C.) an injury caused by war
D.) elective surgeries - Correct Answer-an injury occurring at the insured's
residence
2|Page
, Ohio Health and life insurance exam
Justin is receiving disability income benefits from a group policy paid for by his
employer. How are these benefits treated for tax purposes?
A.) Partially taxable income
B.) Non-taxable income
C.) Taxable income
D.) Conditionally taxable income - Correct Answer-Taxable income
A disability elimination period is best described as a:
A.) time deductible
B.) dollar deductible
C.) eligibility period
D.) probation period - Correct Answer-time deductible
The purpose of the Coordination of Benefits provision in group accident and
health plans is to:
A.) avoid overpayment of claims
B.) reduce out-of-pocket costs
C.) reduce adverse selection
D.) lower the cost of premiums - Correct Answer-avoid overpayment of claims
An insurer has the right to recover payment made to the insured from the
negligent party. These rights are called:
A.) contributory
B.) indemnity
3|Page
, Ohio Health and life insurance exam
C.) estoppel
D.) subrogation - Correct Answer-subrogation
Bryce purchased a disability income policy with a rider that guarantees him the
option of purchasing additional amounts of coverage at predetermined times
without requiring to provide evidence of insurability. What kind of rider is this?
A.) Guaranteed insurability rider
B.) Additional coverage rider
C.) Paid-up option rider
D.) Extended insurability rider - Correct Answer-Guaranteed insurability rider
All of the following are included as part of a contract in the entire contract
provision EXCEPT the:
A.) riders
B.) application
C.) changes made by the producer
D.) policy - Correct Answer-changes made by the producer
Which of the following statements is TRUE about Medicaid?
A.) it is health insurance for the elderly
B.) it is administered by the Federal government
C.) it is funded by federal, state, and local taxes
D.) Coverage includes compulsory hospital and voluntary supplementary medical
insurance - Correct Answer-it is funded by federal, state, and local taxes
4|Page
OHIO HEALTH AND LIFE INSURANCE EXAM NEWEST 2025/2026
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |BRAND NEW VERSION!!
Which type of business insurance is meant to cover the costs of continuing to do
business while the owner is disabled?
A.) Disability overhead policy
B.) Business continuation policy
C.) Disability buy-sell policy
D.) Business overhead expense policy - Correct Answer-Business overhead
expense policy
An applicant's character and personal habits can be obtained for underwriting
purposes from which source?
A.) Investigative consumer report
B.) Attending physician's statement
C.) Medical Information Bureau (MIB)
D.) Credit report - Correct Answer-Investigative consumer report
Which of the following is NOT a type of Medicare Advantage Plan?
A.) Health Maintenance Organization (HMO)
B.) Preferred Provider Organization (PPO)
C.) Private Fee-For-Services (PFFS)
D.) Social Security Disability Income (SSDI) - Correct Answer-Social Security
Disability Income (SSDI)
1|Page
, Ohio Health and life insurance exam
A Medicare Supplement Policy is:
A.) government insurance designed to provide healthcare to the elderly
B.) designed to provide prescription drug coverage to the elderly
C.) designed to fill in the gaps of Part A and Part B Medicare
D.) a supplement to Medicare Advantage Part C - Correct Answer-designed to fill
in the gaps of Part A and Part B Medicare
The difference between pre-certification and concurrent review is that pre-
certification:
A.) costs more to the patient
B.) costs less to the patient
C.) is considered a cost containment measure
D.) occurs before the treatment is provided - Correct Answer-occurs before the
treatment is provided
Medical Expense Insurance would cover:
A.) an injury occurring at the insured's residence
B.) an injury occurring at work
C.) an injury caused by war
D.) elective surgeries - Correct Answer-an injury occurring at the insured's
residence
2|Page
, Ohio Health and life insurance exam
Justin is receiving disability income benefits from a group policy paid for by his
employer. How are these benefits treated for tax purposes?
A.) Partially taxable income
B.) Non-taxable income
C.) Taxable income
D.) Conditionally taxable income - Correct Answer-Taxable income
A disability elimination period is best described as a:
A.) time deductible
B.) dollar deductible
C.) eligibility period
D.) probation period - Correct Answer-time deductible
The purpose of the Coordination of Benefits provision in group accident and
health plans is to:
A.) avoid overpayment of claims
B.) reduce out-of-pocket costs
C.) reduce adverse selection
D.) lower the cost of premiums - Correct Answer-avoid overpayment of claims
An insurer has the right to recover payment made to the insured from the
negligent party. These rights are called:
A.) contributory
B.) indemnity
3|Page
, Ohio Health and life insurance exam
C.) estoppel
D.) subrogation - Correct Answer-subrogation
Bryce purchased a disability income policy with a rider that guarantees him the
option of purchasing additional amounts of coverage at predetermined times
without requiring to provide evidence of insurability. What kind of rider is this?
A.) Guaranteed insurability rider
B.) Additional coverage rider
C.) Paid-up option rider
D.) Extended insurability rider - Correct Answer-Guaranteed insurability rider
All of the following are included as part of a contract in the entire contract
provision EXCEPT the:
A.) riders
B.) application
C.) changes made by the producer
D.) policy - Correct Answer-changes made by the producer
Which of the following statements is TRUE about Medicaid?
A.) it is health insurance for the elderly
B.) it is administered by the Federal government
C.) it is funded by federal, state, and local taxes
D.) Coverage includes compulsory hospital and voluntary supplementary medical
insurance - Correct Answer-it is funded by federal, state, and local taxes
4|Page
