Ohio laws and rules pertinent to insurance questions and
answers in a well detailed solutions.
which of the following is a domestic insuer cone formed under the laws of ohio
all of the following are considered forms of advertisement for life insurance except -
ANSWER: buyers guides
both long term care insurance and Medicare supplement policies may be returned by the
insured for a full refund within - ANSWER: 30 days
in Ohio when an advertisement for accident and health insurance refers to dollar amount
benefits the advertisment must also disclose - ANSWER: any applicable benefit reduction
Ohio requires advertisements for accident and health insurance policies covering only a
specified illness to prominently display - ANSWER: a statement that the policy is limited
group dental plans will frequently place a limit on annual benefits in order to minimize -
ANSWER: adverse selection
insured losses are covered immediately after a policy is reinstated when - ANSWER: the
losses result in from accidental injuries
a policy illustration given at time of sale does not typically include the - ANSWER: names
of beneficiary
a policy holders unmarried child is unable of self support and has proof of incapacity. the
child is provided medical care coverage under the parents policy - ANSWER: until policy
termination
proceeds of the viatical settlement contract could be subject to the claims of - ANSWER:
creditors
which of the following is not an eligible dependent on an Accident and health policy -
ANSWER: 27 year old married child
with the majority of companies within how many days does the free look provision allow the
insured the right to return the life insurance policy for full premium - ANSWER: 10 days
, when the insured gives birth coverage for eligible newly born children consists of coverage
for injury or sickness including - ANSWER: birth abnormalatities
if an insurer terminates an agent's appointment it must notify the superintendent within how
many days of termination - ANSWER: 30 days
which of the following statements is true about an insurers right to screen applications for
HIV - ANSWER: an insurer can require a blood test for hiv
under Ohio continuation rules. an employer with fewer than 20 employees must allow
terminated employees to continue accident and health coverage for at least - ANSWER: 12
months
when the superintendent believes an agent is causing substantial and material harm. the
superintendent has the authority to - ANSWER: issue a cease and desist order against the
agent
a common exclusion or limitation on a dental policy is - ANSWER: endodonticts
a licensee who informs an insured of inaccurate terms, benefits or advantages of any policy is
committing which of the following violations - ANSWER: misrepresentation
proceeds payable under a life insurance contract to a policyowner in anticipation of death or
upon the occurrence of specified life - threatening conditions as defined by the policy are best
described as - ANSWER: accelerated benefits
according to the affordable care act. what is the maximum amount an individual can
contribute to a flexible account - ANSWER: $2,500
after a request has been received for verification from a viatical settlement provider. an
insurance company authorized to do buisness shall respond within - ANSWER: 30
calendar days
the purpose of the life and health insurance guaranty association is to - ANSWER: ensure
that claims files against insolvent insurance companies will be paid
an insurer may non-renew an individual health benefit plan for all the following reasons
EXCEPT - ANSWER: the individual is eligible for health care benefits from the veterans
administration
answers in a well detailed solutions.
which of the following is a domestic insuer cone formed under the laws of ohio
all of the following are considered forms of advertisement for life insurance except -
ANSWER: buyers guides
both long term care insurance and Medicare supplement policies may be returned by the
insured for a full refund within - ANSWER: 30 days
in Ohio when an advertisement for accident and health insurance refers to dollar amount
benefits the advertisment must also disclose - ANSWER: any applicable benefit reduction
Ohio requires advertisements for accident and health insurance policies covering only a
specified illness to prominently display - ANSWER: a statement that the policy is limited
group dental plans will frequently place a limit on annual benefits in order to minimize -
ANSWER: adverse selection
insured losses are covered immediately after a policy is reinstated when - ANSWER: the
losses result in from accidental injuries
a policy illustration given at time of sale does not typically include the - ANSWER: names
of beneficiary
a policy holders unmarried child is unable of self support and has proof of incapacity. the
child is provided medical care coverage under the parents policy - ANSWER: until policy
termination
proceeds of the viatical settlement contract could be subject to the claims of - ANSWER:
creditors
which of the following is not an eligible dependent on an Accident and health policy -
ANSWER: 27 year old married child
with the majority of companies within how many days does the free look provision allow the
insured the right to return the life insurance policy for full premium - ANSWER: 10 days
, when the insured gives birth coverage for eligible newly born children consists of coverage
for injury or sickness including - ANSWER: birth abnormalatities
if an insurer terminates an agent's appointment it must notify the superintendent within how
many days of termination - ANSWER: 30 days
which of the following statements is true about an insurers right to screen applications for
HIV - ANSWER: an insurer can require a blood test for hiv
under Ohio continuation rules. an employer with fewer than 20 employees must allow
terminated employees to continue accident and health coverage for at least - ANSWER: 12
months
when the superintendent believes an agent is causing substantial and material harm. the
superintendent has the authority to - ANSWER: issue a cease and desist order against the
agent
a common exclusion or limitation on a dental policy is - ANSWER: endodonticts
a licensee who informs an insured of inaccurate terms, benefits or advantages of any policy is
committing which of the following violations - ANSWER: misrepresentation
proceeds payable under a life insurance contract to a policyowner in anticipation of death or
upon the occurrence of specified life - threatening conditions as defined by the policy are best
described as - ANSWER: accelerated benefits
according to the affordable care act. what is the maximum amount an individual can
contribute to a flexible account - ANSWER: $2,500
after a request has been received for verification from a viatical settlement provider. an
insurance company authorized to do buisness shall respond within - ANSWER: 30
calendar days
the purpose of the life and health insurance guaranty association is to - ANSWER: ensure
that claims files against insolvent insurance companies will be paid
an insurer may non-renew an individual health benefit plan for all the following reasons
EXCEPT - ANSWER: the individual is eligible for health care benefits from the veterans
administration
