Ohio Health and life insurance exam with Correct Answers 2024

Ohio Health and life insurance exam with Correct Answers 2024 The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - CORRECT ANSWER-cancelable 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 - CORRECT ANSWER-The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare supplement policies? - CORRECT ANSWERPrivate 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 - CORRECT 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? - CORRECT ANSWER-Temporary employee Which of the following is a reinstatement condition? - CORRECT ANSWER-Proof of insurability Ohio requires that a licensee complete ______ hours of continuing education on the subject of ethics every reporting period. - CORRECT ANSWER-3 Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In Ohio, Carole is considered to be a - CORRECT ANSWER-nonresident agent Long- term care insurance applications must contain plain and unambiguous health questions. The exception to this rule would be applications for - CORRECT ANSWERguaranteed issue Continuous 24- hour care provided by licensed medical professionals under the direct supervision of a physician is called - CORRECT ANSWER-skilled nursing care The entire contract includes the actual policy and the - CORRECT ANSWER-application The branch of dentistry which deals with the replacement of missing parts is called - CORRECT ANSWER-Prosthodontics An agent's license has been suspended for non-renewal. The agent my apply for reinstatement - CORRECT ANSWER-within 12 months of the license renewal date Which of the following is an annuity that is linked to a market-related index? - CORRECT ANSWER-Equity- indexed annuity