life, accident and health insurance state exam- OH Correct
100%
A person who is a nonsmoker, of average weight and in excellent
health would most likely be in which risk classification? - ANSWER
preferred
Preferred risk policies with reduced premiums are issued by
insurance companies bc the insured has - ANSWER better than
average mortality
, The waiver of premium does NOT include which provision? -
ANSWER Al future premiums are waived if the insured recovers
from the disability
An advertisement for an insurance product may contain - ANSWER
the insurer's name
A medicare supplement plan can be canceled by the insurer -
ANSWER for nonpayment of premiums
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
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? - ANSWER unpaid
premium
An example of a health insuring corporation (HIC) specialty care
provider is - ANSWER 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? - ANSWER 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? - ANSWER conversion
an agents appt has been terminated by insurer. the insurer must
then notify the superintendent within how many days of the
termination? - ANSWER 30
100%
A person who is a nonsmoker, of average weight and in excellent
health would most likely be in which risk classification? - ANSWER
preferred
Preferred risk policies with reduced premiums are issued by
insurance companies bc the insured has - ANSWER better than
average mortality
, The waiver of premium does NOT include which provision? -
ANSWER Al future premiums are waived if the insured recovers
from the disability
An advertisement for an insurance product may contain - ANSWER
the insurer's name
A medicare supplement plan can be canceled by the insurer -
ANSWER for nonpayment of premiums
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
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? - ANSWER unpaid
premium
An example of a health insuring corporation (HIC) specialty care
provider is - ANSWER 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? - ANSWER 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? - ANSWER conversion
an agents appt has been terminated by insurer. the insurer must
then notify the superintendent within how many days of the
termination? - ANSWER 30
