Life, accident and health insurance state exam- OH Already Passed

Life, accident and health insurance state exam- OH Already Passed 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 which of the following is considered to be an alternative to a life settlement? - Answer ️️ - accelerated death benefit rider if the annuitant dies before the annuity start date, - Answer ️️ -the premiums paid plus interest earned will be given to the beneficiary a life insurance policy that has premiums fully paid up within a stated time period is called - Answer ️️ -limited payment insurance shopping for annuity that guarantees he cannot outlive the benefits. which of these benefit options would he choose - Answer ️️ -guaranteed lifetime withdrawal benefit what is medicare part b known as - Answer ️️ -supplementary medical insurance field underwriting performed by the producer involves - Answer ️️ -completing the application and collecting initial premium a life insurance policy which contains cash values that vary according to its investment performance of stocks is called - Answer ️️ -variable whole life a life insurance policy owner was injured in an automobile accident which results in total and permanent disability. which rider would pay a monthly amount bc of this disability? - Answer ️️ -disability income rid