Ohio life and health state exam simulator with Complete Solutions

What type of policy would only provide coverage for specific type of illnesses? - ANSWER-Dread disease insurance Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated for tax purposes? - ANSWER-taxable income And insurance company needs to obtain personal information from a third-party concerning an applicant. Which law do you all ensures in there producers need to comply with? - ANSWER-The fair credit reporting act Under a disability income policy, which provision would be payable to the cause of an injury is unexpected an accidental? - ANSWER-Accidental bodily injury provision A company that is authorized by the superintendent to transact insurance business in Ohio is called? - ANSWER-Authorized insurer The entire contract includes actual policy and the - ANSWER-application The monthly benefit for an individual disability income policy is usually limited to a percentage of the insured income in order to avoid - ANSWER-Over insurance Which of the following actions may insurance company not do in a healthy policy that contains a guaranteed renewable premium benefit? - ANSWER-Increase the premiums on an individual basis I life insurance application in Ohio may backdate the application for up to___months - ANSWER-Three Which of the following is considered to be an act of misrepresentation? - ANSWER-Falsifying the terms, Benefits, advantages, or conditions of an insurance policy Which of the following is not Part of an insurance contract? - ANSWER-Certificate of Authority Which of the following is a legal entity created for the sole purpose of providing affordable group health coverage to it's participants? - ANSWER-Multiple employer welfare arrangement (MEWA) Which approach predicts a persons earning put tensional in determines how much of that amount would be devoted to dependents? - ANSWER-Human life value approach