Ohio life, accident and health insurance state exam graded A+

A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - ANSWER-preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - ANSWER-better than average mortality The waiver of premium does NOT include which provision? - ANSWER-Al future premiums are waived if the insured recovers from the disability An advertisement for an insurance product may contain - ANSWER-the insurer's name A medicare supplement plan can be canceled by the insurer - ANSWER-for nonpayment of premiums The principle of insurable interest, in regards to a life insurance contract, is accurately described in which statement? - ANSWER-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? - ANSWER-unpaid premium An example of a health insuring corporation (HIC) specialty care provider is - ANSWER-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? - ANSWER-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? - ANSWER-conversion an agents appt has been terminated by insurer. the insurer must then notify the superintendent within how many days of the termination? - ANSWER-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 - ANSWER-minus indebtedness and without interest