Life, accident and health insurance state exam- OH Already Passed

Life, accident and health insurance state exam- OH Already Passed A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has better than average mortality The waiver of premium does NOT include which provision? Al future premiums are waived if the insured recovers from the disability An advertisement for an insurance product may contain the insurer's name A medicare supplement plan can be canceled by the insurer for nonpayment of premiums The principle of insurable interest, in regards to a life insurance contract, is accurately described in which statement? Insurable interest can be based on the love and affection of individuals related by blood or law Craig submits a %500 claim for medical expenses. With a past due premium of $100, the insurer pays $400. which of the uniform optional provisions covers this situation? unpaid premium An example of a health insuring corporation (HIC) specialty care provider is neurologist an insurance company needs to obtain personal info from a 3rd part concerning an applicant. which law do all insurers and their producers need to comply with? fair credit reporting act time is covered under a group plan and would like to changed his coverage to an individual policy w the same insurer bc of employment termination. which of these describes the change that will take place? conversion an agents appt has been terminated by insurer. the insurer must then notify the superintendent within how many days of the termination? 30 the suicide clause of a life insurance policy states that if an insured commits suicide w in a stated period from the policy inception, the insurer will only be liable for a return of prisms paid minus indebtedness and without interest which of the following is considered to be an alternative to a life settlement? accelerated death benefit rider if the annuitant dies before the annuity start date, the premiums paid plus interest earned will be given to the beneficiary a life insurance policy that has premiums fully paid up within a stated time period is called limited payment insurance shopping for annuity that guarantees he cannot outlive the benefits. which of these benefit options would he choose guaranteed lifetime withdraw