OHIO LIFE INSURANCE EXAM 4 COMPLETE
STUDY GUIDE AND LICENSING REVIEW 2026
◉ 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.
Answer: The face amount and premium will remain constant over
the 10 year period
◉ Which of the following provides Medicare supplement policies.
Answer: 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.
Answer: 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?.
Answer: Temporary employee
,◉ Which of the following is a reinstatement condition?.
Answer: Proof of insurability
◉ Ohio requires that a licensee complete ______ hours of continuing
education on the subject of ethics every reporting period..
Answer: 3
◉ Carole is a licensed agent who lives in Michigan and transacts
insurance in Ohio. In Ohio, Carole is considered to be a.
Answer: nonresident agent
◉ Long- term care insurance applications must contain plain and
unambiguous health questions. The exception to this rule would be
applications for.
Answer: guaranteed issue
◉ Continuous 24- hour care provided by licensed medical
professionals under the direct supervision of a physician is called.
Answer: skilled nursing care
◉ The entire contract includes the actual policy and the.
Answer: application
, ◉ The branch of dentistry which deals with the replacement of
missing parts is called.
Answer: Prosthodontics
◉ An agent's license has been suspended for non-renewal. The agent
my apply for reinstatement.
Answer: within 12 months of the license renewal date
◉ Which of the following is an annuity that is linked to a market-
related index?.
Answer: 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.
Answer: 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.
Answer: bringing legal action against the insurer
◉ An individual most likely will have an insurable interest in
insuring a person's life if.
STUDY GUIDE AND LICENSING REVIEW 2026
◉ 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.
Answer: The face amount and premium will remain constant over
the 10 year period
◉ Which of the following provides Medicare supplement policies.
Answer: 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.
Answer: 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?.
Answer: Temporary employee
,◉ Which of the following is a reinstatement condition?.
Answer: Proof of insurability
◉ Ohio requires that a licensee complete ______ hours of continuing
education on the subject of ethics every reporting period..
Answer: 3
◉ Carole is a licensed agent who lives in Michigan and transacts
insurance in Ohio. In Ohio, Carole is considered to be a.
Answer: nonresident agent
◉ Long- term care insurance applications must contain plain and
unambiguous health questions. The exception to this rule would be
applications for.
Answer: guaranteed issue
◉ Continuous 24- hour care provided by licensed medical
professionals under the direct supervision of a physician is called.
Answer: skilled nursing care
◉ The entire contract includes the actual policy and the.
Answer: application
, ◉ The branch of dentistry which deals with the replacement of
missing parts is called.
Answer: Prosthodontics
◉ An agent's license has been suspended for non-renewal. The agent
my apply for reinstatement.
Answer: within 12 months of the license renewal date
◉ Which of the following is an annuity that is linked to a market-
related index?.
Answer: 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.
Answer: 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.
Answer: bringing legal action against the insurer
◉ An individual most likely will have an insurable interest in
insuring a person's life if.
