Ohio Health Insurance Exam Questions and Answers 100% Correct

Ohio Health Insurance Exam Questions and Answers 100% Correct Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid-up option rider D.) Extended insurability rider - Answer ️️ -Guaranteed insurability rider All of the following are included as part of a contract in the entire contract provision EXCEPT the: A.) riders B.) application C.) changes made by the producer D.) policy - Answer ️️ -changes made by the producer Which of the following statements is TRUE about Medicaid? A.) it is health insurance for the elderly B.) it is administered by the Federal government C.) it is funded by federal, state, and local taxes D.) Coverage includes compulsory hospital and voluntary supplementary medical insurance - Answer ️️ -it is funded by federal, state, and local taxes An insurer's ability to make unpredictable payouts to policyowners is called: A.) investment values B.) liquidity C.) assests D.) capital - Answer ️️ -liquidity Low frequency diseases can be exclusively covered by what kind of health insurance policies? A.) Limited policies B.) Blanket policies C.) Employer policies D.) Restricted policies - Answer ️️ -Limited policies Which of these is NOT considered a supplemental health insuring corporation (HIC) service? A.) outpatient medical services B.) foot care services C.) dental care D.) chiropractic care - Answer ️️ -outpatient medial services Which of the following would evidence ow