Page |1
OHIO LIFE/HEALTH INSURANCE TEST BANK NEWEST
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
all health benefit plans issued after january 1 2024 must provide?
- ANSWER-preventative health services
a group disability income plan that pay tax-free benefits to
covered employees is considered? - ANSWER-fully contributory
according to the Health Insurance Portability and Accountability
Act (HIPAA), when can a group health policy renewal be denied?
- ANSWER-participation or contribution rules have been violated
when does the group life underwriting risk selection process help
protect insurance companies from? - ANSWER-adverse selection
which of these will have the highest monthly payout upon
annuitization? - ANSWER-straight life
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the fair credit and reporting act's main purpose is to? - ANSWER-
protect consumers with guidelines regarding credit reporting and
distribution
susan is insured through her group health insurance plan and
changed her coverage to an individual plan with the same insurer
after her employment was terminated; this is call a? - ANSWER-
conversion
group dental plans will frequently place a limit on annual benefits
in order to minimize? - ANSWER-adverse selection
the election of COBRA for continuation of health coverage will? -
ANSWER-maintain the same coverage and increase premium
who assumes the investment risk with a fixed annuity contract? -
ANSWER-the insurer
an annuity is primarily used to provide? - ANSWER-retirement
income
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1 month - ANSWER-an immediate annuity has been purchased
with a single premium; when does the annuitant typically begin
receiving benefit payments?
convert to an individual policy in the event of employment
termination - ANSWER-an employee under a group insurance
policy has the right to name a beneficiary and the right to?
implied - ANSWER-the power given to an individual producer that
is not specifically addressed in his/her contract is considered what
type of authority?
14 day waiting period/10 year benefit period - ANSWER-frank is
shopping for a disability income policy; which of the following
would have the HIGHEST premium?
changes made by the producer - ANSWER-all of the following are
included as part of a contract in the entire contract provision
EXCEPT the?
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be the same and the premium cannot exceed 102% - ANSWER-
under COBRA, a terminated employee's benefits must?
periodic income - ANSWER-in what form do disability income
policies typically pay benefits?
premiums paid plus interest earned is returned to the beneficiary -
ANSWER-andy the annuitant dies before the annuity start date;
which of the following is a TRUE statement?
section 1035 exchange - ANSWER-which of the following enables
a life policy to be replaced with another life policy and results in
the postponement of the tax consequence?
certificate of coverage and benefits - ANSWER-the coverage,
conditions, and limitations in the master policy group contract can
be found in which document?
OHIO LIFE/HEALTH INSURANCE TEST BANK NEWEST
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
all health benefit plans issued after january 1 2024 must provide?
- ANSWER-preventative health services
a group disability income plan that pay tax-free benefits to
covered employees is considered? - ANSWER-fully contributory
according to the Health Insurance Portability and Accountability
Act (HIPAA), when can a group health policy renewal be denied?
- ANSWER-participation or contribution rules have been violated
when does the group life underwriting risk selection process help
protect insurance companies from? - ANSWER-adverse selection
which of these will have the highest monthly payout upon
annuitization? - ANSWER-straight life
, Page |2
the fair credit and reporting act's main purpose is to? - ANSWER-
protect consumers with guidelines regarding credit reporting and
distribution
susan is insured through her group health insurance plan and
changed her coverage to an individual plan with the same insurer
after her employment was terminated; this is call a? - ANSWER-
conversion
group dental plans will frequently place a limit on annual benefits
in order to minimize? - ANSWER-adverse selection
the election of COBRA for continuation of health coverage will? -
ANSWER-maintain the same coverage and increase premium
who assumes the investment risk with a fixed annuity contract? -
ANSWER-the insurer
an annuity is primarily used to provide? - ANSWER-retirement
income
, Page |3
1 month - ANSWER-an immediate annuity has been purchased
with a single premium; when does the annuitant typically begin
receiving benefit payments?
convert to an individual policy in the event of employment
termination - ANSWER-an employee under a group insurance
policy has the right to name a beneficiary and the right to?
implied - ANSWER-the power given to an individual producer that
is not specifically addressed in his/her contract is considered what
type of authority?
14 day waiting period/10 year benefit period - ANSWER-frank is
shopping for a disability income policy; which of the following
would have the HIGHEST premium?
changes made by the producer - ANSWER-all of the following are
included as part of a contract in the entire contract provision
EXCEPT the?
, Page |4
be the same and the premium cannot exceed 102% - ANSWER-
under COBRA, a terminated employee's benefits must?
periodic income - ANSWER-in what form do disability income
policies typically pay benefits?
premiums paid plus interest earned is returned to the beneficiary -
ANSWER-andy the annuitant dies before the annuity start date;
which of the following is a TRUE statement?
section 1035 exchange - ANSWER-which of the following enables
a life policy to be replaced with another life policy and results in
the postponement of the tax consequence?
certificate of coverage and benefits - ANSWER-the coverage,
conditions, and limitations in the master policy group contract can
be found in which document?
