Ohio- Life, Accident And Health Insurance
Ohio- Life, Accident And Health Insurance
state exam (QUESTIONS AND CORRECT
VERIFIED ANSWERS) Guaranteed Pass 100%
The waiver of premium does NOT include which provision?
Al future premiums are waived if the insured recovers from the disability
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
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?
,Ohio- Life, Accident And Health Insurance
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
,Ohio- Life, Accident And Health Insurance
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 withdrawal benefit
What is medicare part b known as
Supplementary medical insurance
Field underwriting performed by the producer involves
Completing the application and collecting initial premium
, Ohio- Life, Accident And Health Insurance
A life insurance policy which contains cash values that vary according to its investment performance of
stocks is called
Variable whole life
A life insurance policy owner was injured in an automobile accident which results in total and
permanent disability. Which rider would pay a monthly amount bc of this disability?
Disability income rider
Pierre is covered by his employers group major medical plan. His employer pays for 75% of the premium
and he pays for 25%. How much would a 10000 benefit be taxable as income under this plan
0
What is not an element of a valid contract
Countersignature
A health insurance policy will typically cover
Preventative health services
Which settlement option involves having the proceeds remain with the insurer and earnings paid on a
monthly basis to the beneficiary?
Interest only
All of the following are qualifications for establishing a health savings act (HSA) except
Ohio- Life, Accident And Health Insurance
state exam (QUESTIONS AND CORRECT
VERIFIED ANSWERS) Guaranteed Pass 100%
The waiver of premium does NOT include which provision?
Al future premiums are waived if the insured recovers from the disability
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
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?
,Ohio- Life, Accident And Health Insurance
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
,Ohio- Life, Accident And Health Insurance
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 withdrawal benefit
What is medicare part b known as
Supplementary medical insurance
Field underwriting performed by the producer involves
Completing the application and collecting initial premium
, Ohio- Life, Accident And Health Insurance
A life insurance policy which contains cash values that vary according to its investment performance of
stocks is called
Variable whole life
A life insurance policy owner was injured in an automobile accident which results in total and
permanent disability. Which rider would pay a monthly amount bc of this disability?
Disability income rider
Pierre is covered by his employers group major medical plan. His employer pays for 75% of the premium
and he pays for 25%. How much would a 10000 benefit be taxable as income under this plan
0
What is not an element of a valid contract
Countersignature
A health insurance policy will typically cover
Preventative health services
Which settlement option involves having the proceeds remain with the insurer and earnings paid on a
monthly basis to the beneficiary?
Interest only
All of the following are qualifications for establishing a health savings act (HSA) except
