OHIO LIFE AND HEALTH PRACTICE EXAM 2026
COMPLETE QUESTIONS AND VERIFIED
ANSWERS
◉ ken is a producer who has obtained consumer information
reports under false pretenses. under the fair credit reporting act,
what is the maximum penalty that may be imposed on ken? Answer:
5,000
◉ which of these gaps in medicare coverage is addressed with
medicare supplemental insurance? Answer: medicare in-hospital
deductible
◉ who is the individual paid on a fee-for-service basis? Answer:
provider
◉ insurance agent kelly offers a prospect a $1000 shopping card if
an insurance policy is puchased through her. what illegal activity is
this an example of? Answer: rebating
◉ group health plans may deny participation based upon the
Answer: members part-time employment status
,◉ a medicare supplement basic benefit is Answer: the first 3 pints of
blood per year
◉ According to HIPAA, when an insured individual leaves an
employer and immediately begins working for a new company that
offers group health insurance, the individual Answer: is eligible for
coverage upon hire
◉ how many employees must an employer have for a terminated
employee to be eligible for COBRA Answer: 20
◉ a limited payment whole life policy provides Answer: lifetime
protection
◉ if the annuitant dies before the annuity start date Answer: the
premiums paid plus interest earned will be given to the beneficiary
◉ an employer with under 20 employees must allow a terminated
employee to continue accident and health coverage for a minimum
of Answer: 12
◉ a life insurance applicant in ohio may backdate the application for
up to ___ months Answer: 3
,◉ which of the following are the premium payments for a universal
life policy not used for Answer: separate account investments
◉ a payment system for health care in which the provider is paid for
each service given is called Answer: fee-for-service
◉ Shirley has a Medigap policy, which is designed to pay costs
associated with Answer: medicare parts A and B
◉ Richard owns an insurance policy that is renewable only at the
option of the insurance company. His policy is considered to be
Answer: optionally renewable
◉ amy has a group medical policy through her employer with a $500
deductible and a 90% coinsurance provision. she incurs $1500 in
covered health care services. how much will her group insurance
carrier pay? Answer: $900
◉ an order issued by the superintendent that prohibits a specific
practice listed in the oder is called a Answer: cease and desist order
◉ the automatic premium loan provision authorizes an insurer to
withdraw from a policy's cash value the amount of Answer: past due
premiums that have not been paid by the end of the grace period
, ◉ All _____ policies must be guaranteed renewable. Answer: long
term care
◉ The principle of insurable interest, in regards to a life insurance
contract, is accurately described in which statement? Answer:
insurable interest can be based on the love and affection of
individuals related by blood or law
◉ Under a life insurance policy, what does the insuring clause state?
Answer: the insurers obligation to pay a death benefit upon an
approved death claim
◉ a change in an insurance application requires Answer: an initial
made by the applicant
◉ the double indemnity provision in a life insurance policy pertains
to an insureds death caused by an Answer: accident
◉ A minor may receive a life insurance policy's death benefit ONLY
Answer: if the minor has an appointed guardian
◉ kathy pays a monthly premium on her health insurance policy.
how long is her grace period Answer: 10 days
COMPLETE QUESTIONS AND VERIFIED
ANSWERS
◉ ken is a producer who has obtained consumer information
reports under false pretenses. under the fair credit reporting act,
what is the maximum penalty that may be imposed on ken? Answer:
5,000
◉ which of these gaps in medicare coverage is addressed with
medicare supplemental insurance? Answer: medicare in-hospital
deductible
◉ who is the individual paid on a fee-for-service basis? Answer:
provider
◉ insurance agent kelly offers a prospect a $1000 shopping card if
an insurance policy is puchased through her. what illegal activity is
this an example of? Answer: rebating
◉ group health plans may deny participation based upon the
Answer: members part-time employment status
,◉ a medicare supplement basic benefit is Answer: the first 3 pints of
blood per year
◉ According to HIPAA, when an insured individual leaves an
employer and immediately begins working for a new company that
offers group health insurance, the individual Answer: is eligible for
coverage upon hire
◉ how many employees must an employer have for a terminated
employee to be eligible for COBRA Answer: 20
◉ a limited payment whole life policy provides Answer: lifetime
protection
◉ if the annuitant dies before the annuity start date Answer: the
premiums paid plus interest earned will be given to the beneficiary
◉ an employer with under 20 employees must allow a terminated
employee to continue accident and health coverage for a minimum
of Answer: 12
◉ a life insurance applicant in ohio may backdate the application for
up to ___ months Answer: 3
,◉ which of the following are the premium payments for a universal
life policy not used for Answer: separate account investments
◉ a payment system for health care in which the provider is paid for
each service given is called Answer: fee-for-service
◉ Shirley has a Medigap policy, which is designed to pay costs
associated with Answer: medicare parts A and B
◉ Richard owns an insurance policy that is renewable only at the
option of the insurance company. His policy is considered to be
Answer: optionally renewable
◉ amy has a group medical policy through her employer with a $500
deductible and a 90% coinsurance provision. she incurs $1500 in
covered health care services. how much will her group insurance
carrier pay? Answer: $900
◉ an order issued by the superintendent that prohibits a specific
practice listed in the oder is called a Answer: cease and desist order
◉ the automatic premium loan provision authorizes an insurer to
withdraw from a policy's cash value the amount of Answer: past due
premiums that have not been paid by the end of the grace period
, ◉ All _____ policies must be guaranteed renewable. Answer: long
term care
◉ The principle of insurable interest, in regards to a life insurance
contract, is accurately described in which statement? Answer:
insurable interest can be based on the love and affection of
individuals related by blood or law
◉ Under a life insurance policy, what does the insuring clause state?
Answer: the insurers obligation to pay a death benefit upon an
approved death claim
◉ a change in an insurance application requires Answer: an initial
made by the applicant
◉ the double indemnity provision in a life insurance policy pertains
to an insureds death caused by an Answer: accident
◉ A minor may receive a life insurance policy's death benefit ONLY
Answer: if the minor has an appointed guardian
◉ kathy pays a monthly premium on her health insurance policy.
how long is her grace period Answer: 10 days
