Ohio Health and life insurance Exam
Questions and Guide Answers
100% Verified Graded A+
1. The type of policy where the insurer can send a notice to the insured that
the policy has been cancelled in the middle of the term is called
Answer: cancelable
2. Krissa purchases a 10-year level term life insurance policy that has a death
benefit of $200,000. Which of these statements is true?
The policy automatically converts to whole life after the 10-year period
Answer: The face amount and premium will remain constant over the 10 year period
3. Which of the following provides Medicare supplement policies?
Answer: Private insurance companies
4. Under the Health Insurance Portability and Accountability Act (HIPAA), the
employee's new Group Health Plan will verify Creditable Coverage so that the
Answer: employee's waiting period for coverage of a preexisting condition can be reduced under the new
employer's health plan
,5. Which of the following is typically NOT eligible for the coverage in a group
health policy?
Answer: Temporary employee
6. Which of the following is a reinstatement condition?
Answer: Proof of insurability
7. Ohio requires that a licensee complete hours of continuing education
on the subject of ethics every reporting period.
Answer: 3
8. Carole is a licensed agent who lives in Michigan and transacts insurance in
Ohio. In Ohio, Carole is considered to be a
Answer: nonresident agent
9. Long- term care insurance applications must contain plain and unambigu-
ous health questions. The exception to this rule would be applications for
Answer: - guaranteed issue
10. Continuous 24- hour care provided by licensed medical professionals under
the direct supervision of a physician is called
Answer: skilled nursing care
11. The entire contract includes the actual policy and the
Answer: application
, 12. The branch of dentistry which deals with the replacement of missing parts is
called
Answer: Prosthodontics
13. An agent's license has been suspended for non-renewal. The agent my
apply for reinstatement
Answer: within 12 months of the license renewal date
14. Which of the following is an annuity that is linked to a market-related
index?
Answer: Equity- indexed annuity
15. A closed network plan offers a a primary physician copay of $25. If a
subscriber chooses a primary care physician outside of the network, the
subscriber will likely pay
Answer: 100% of the billed amount
16. An accident and health insurer has just received written proof of loss from
one of its insureds. The insured must now wait 60 days before
Answer: bringing legal action against the insurer
17. An individual most likely will have an insurable interest in insuring a per- son's
life if
Answer: An economic interest exists for the continuance of the insured's life
Questions and Guide Answers
100% Verified Graded A+
1. The type of policy where the insurer can send a notice to the insured that
the policy has been cancelled in the middle of the term is called
Answer: cancelable
2. Krissa purchases a 10-year level term life insurance policy that has a death
benefit of $200,000. Which of these statements is true?
The policy automatically converts to whole life after the 10-year period
Answer: The face amount and premium will remain constant over the 10 year period
3. Which of the following provides Medicare supplement policies?
Answer: Private insurance companies
4. Under the Health Insurance Portability and Accountability Act (HIPAA), the
employee's new Group Health Plan will verify Creditable Coverage so that the
Answer: employee's waiting period for coverage of a preexisting condition can be reduced under the new
employer's health plan
,5. Which of the following is typically NOT eligible for the coverage in a group
health policy?
Answer: Temporary employee
6. Which of the following is a reinstatement condition?
Answer: Proof of insurability
7. Ohio requires that a licensee complete hours of continuing education
on the subject of ethics every reporting period.
Answer: 3
8. Carole is a licensed agent who lives in Michigan and transacts insurance in
Ohio. In Ohio, Carole is considered to be a
Answer: nonresident agent
9. Long- term care insurance applications must contain plain and unambigu-
ous health questions. The exception to this rule would be applications for
Answer: - guaranteed issue
10. Continuous 24- hour care provided by licensed medical professionals under
the direct supervision of a physician is called
Answer: skilled nursing care
11. The entire contract includes the actual policy and the
Answer: application
, 12. The branch of dentistry which deals with the replacement of missing parts is
called
Answer: Prosthodontics
13. An agent's license has been suspended for non-renewal. The agent my
apply for reinstatement
Answer: within 12 months of the license renewal date
14. Which of the following is an annuity that is linked to a market-related
index?
Answer: Equity- indexed annuity
15. A closed network plan offers a a primary physician copay of $25. If a
subscriber chooses a primary care physician outside of the network, the
subscriber will likely pay
Answer: 100% of the billed amount
16. An accident and health insurer has just received written proof of loss from
one of its insureds. The insured must now wait 60 days before
Answer: bringing legal action against the insurer
17. An individual most likely will have an insurable interest in insuring a per- son's
life if
Answer: An economic interest exists for the continuance of the insured's life
