Ohio State Exam Life and Health Insurance authentic 100%

What is the name of the provision which states that a copy of the application must be attached to the policy when issued? - ANSWER Entire Contract Which of the following is INELIGIBLE to participate in a Section 125 Plan? - ANSWER An S-Corp Owner with a greater than 2% share The reinstatement provision in a health insurance policy is - ANSWER mandatory A nonparticipating policy will - ANSWER not pay dividends Erica is 35 years old and owns an IRA. At what age can she begin to receive distributions without a tax penalty? - ANSWER 59 1/2 An insurance company has just received a request for verification from a viatical settlement provider. The insurer is required to respond within ______ calendar days to this request. - ANSWER 30 Who provides all preventative and routine medical care given to a health insuring corporation (HIC) member? - ANSWER Primary care physician An insured has a health plan that pays established amounts in accordance with a life of injuries, surgical procedures, or other losses. This list is called a - ANSWER benefit schedule How are contributions made to a Roth IRA handled for tax purposes? - ANSWER No tax deductible Inducement is BEST defined as - ANSWER offering to buy, sell, give, or allow a prospective insured employment, stock or special favors in exchange for an insurance transaction. Which type of life insurance policy pays the face amount at the end of the specified