OHIO HEALTH AND LIFE INSURANCE
FINAL STUDY GUIDE 2026 QUESTIONS
WITH ANSWERS GRADED A+
⫸ When determining whether an annuity is suitable for a client, the
agent should ask about which of the following? Answer: Financial
objectives
⫸ What MUST the company do prior to conducting an HIV related test?
Answer: Obtain a written authorization from the proposed insured
⫸ The Ohio insurance superintendent is appointed to office and has all
of the following powers and duties EXCEPT Answer: enact legislation
dealing with insurance
⫸ In Ohio, a life insurance policy can be backdated before the
application date for up to Answer: 3 months
⫸ How long must a life insurance policy be in effect before the
policyowner may use the nonforfeiture provision? Answer: 3 years
⫸ No insurer, agent, broker, solicitor, or person, in connection with an
insurance transaction shall offer or promise to buy, sell, give, or allow
the prospective insured employment, stock or special favors. This is the
definition of Answer: inducement
, ⫸ When can a policy no longer be cancelled for nonfraudulent
misstatements after its date of issue? Answer: 2 years
⫸ 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
⫸ What information is NOT required to be included in advertising
material for a life policy? Answer: The agent's compensation
⫸ Which of the following is NOT considered advertising? Answer: An
AM Best company rating
⫸ After a request has been received for verification from a viatical
settlement provider, an insurance company authorized to do business
shall respond within Answer: 30 calendar days
⫸ Which of the following statements is TRUE about an insurer's right
to screen applicants for HIV? Answer: An insurer can require a blood
test for HIV
⫸ What is the renewal date of a resident insurance agent's license?
Answer: On or before the last day of the licensee's birth month
FINAL STUDY GUIDE 2026 QUESTIONS
WITH ANSWERS GRADED A+
⫸ When determining whether an annuity is suitable for a client, the
agent should ask about which of the following? Answer: Financial
objectives
⫸ What MUST the company do prior to conducting an HIV related test?
Answer: Obtain a written authorization from the proposed insured
⫸ The Ohio insurance superintendent is appointed to office and has all
of the following powers and duties EXCEPT Answer: enact legislation
dealing with insurance
⫸ In Ohio, a life insurance policy can be backdated before the
application date for up to Answer: 3 months
⫸ How long must a life insurance policy be in effect before the
policyowner may use the nonforfeiture provision? Answer: 3 years
⫸ No insurer, agent, broker, solicitor, or person, in connection with an
insurance transaction shall offer or promise to buy, sell, give, or allow
the prospective insured employment, stock or special favors. This is the
definition of Answer: inducement
, ⫸ When can a policy no longer be cancelled for nonfraudulent
misstatements after its date of issue? Answer: 2 years
⫸ 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
⫸ What information is NOT required to be included in advertising
material for a life policy? Answer: The agent's compensation
⫸ Which of the following is NOT considered advertising? Answer: An
AM Best company rating
⫸ After a request has been received for verification from a viatical
settlement provider, an insurance company authorized to do business
shall respond within Answer: 30 calendar days
⫸ Which of the following statements is TRUE about an insurer's right
to screen applicants for HIV? Answer: An insurer can require a blood
test for HIV
⫸ What is the renewal date of a resident insurance agent's license?
Answer: On or before the last day of the licensee's birth month
