Ohio Health and life insurance exam |
150 Questions with Answers
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 - -cancelable
- 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 - -
The face amount and premium will remain constant over the 10 year period
- Which of the following provides Medicare supplement policies? - -Private
insurance companies
- Under the Health Insurance Portability and Accountability Act (HIPAA), the
employee's new Group Health Plan will verify Creditable Coverage so that
the - -employee's waiting period for coverage of a preexisting condition can
be reduced under the new employer's health plan
- Which of the following is typically NOT eligible for the coverage in a group
health policy? - -Temporary employee
- Which of the following is a reinstatement condition? - -Proof of insurability
- Ohio requires that a licensee complete ______ hours of continuing
education on the subject of ethics every reporting period. - -3
- Carole is a licensed agent who lives in Michigan and transacts insurance in
Ohio. In Ohio, Carole is considered to be a - -nonresident agent
- Long- term care insurance applications must contain plain and
unambiguous health questions. The exception to this rule would be
applications for - -guaranteed issue
- Continuous 24- hour care provided by licensed medical professionals under
the direct supervision of a physician is called - -skilled nursing care
- The entire contract includes the actual policy and the - -application
- The branch of dentistry which deals with the replacement of missing parts
is called - -Prosthodontics
- An agent's license has been suspended for non-renewal. The agent my
apply for reinstatement - -within 12 months of the license renewal date
, - Which of the following is an annuity that is linked to a market-related
index? - -Equity- indexed annuity
- 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 - -100% of the billed amount
- 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 - -bringing
legal action against the insurer
- An individual most likely will have an insurable interest in insuring a
person's life if - -An economic interest exists for the continuance of the
insured's life
- According to the Health Insurance Portability and Accountability Act
(HIPPA), when can a group health policy renewal be denied? - -Participation
or contribution rules have been violated
- Medicaid is a government-funded program designed to provide health care
to - -poor people
- Medicare Part A does not pay for medical benefits provided for the
treatment in a skilled nursing facility beyond - -100 days
- A partial surrender in which of the following life policies? - -universal life
- An agent's appointment may only be terminated by the - -insurer
- An applicant's character and personal habits can be obtained for
underwriting purposes from which source? - -investigate consumer report
- Which type of business insurance is meant to cover the costs of continuing
to do a business while the owner is disabled? - -Business overhead expense
policy
- Advertisements for accident and health policies that ONLY cover a stated
illness MUST display a statement that the - -policy is limited
- Loss of income insurance provides - -an individual the means to replace
wages
- A spouse and child can be added to the primary insured's coverage as
what kind of rider? - -Family Term
150 Questions with Answers
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 - -cancelable
- 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 - -
The face amount and premium will remain constant over the 10 year period
- Which of the following provides Medicare supplement policies? - -Private
insurance companies
- Under the Health Insurance Portability and Accountability Act (HIPAA), the
employee's new Group Health Plan will verify Creditable Coverage so that
the - -employee's waiting period for coverage of a preexisting condition can
be reduced under the new employer's health plan
- Which of the following is typically NOT eligible for the coverage in a group
health policy? - -Temporary employee
- Which of the following is a reinstatement condition? - -Proof of insurability
- Ohio requires that a licensee complete ______ hours of continuing
education on the subject of ethics every reporting period. - -3
- Carole is a licensed agent who lives in Michigan and transacts insurance in
Ohio. In Ohio, Carole is considered to be a - -nonresident agent
- Long- term care insurance applications must contain plain and
unambiguous health questions. The exception to this rule would be
applications for - -guaranteed issue
- Continuous 24- hour care provided by licensed medical professionals under
the direct supervision of a physician is called - -skilled nursing care
- The entire contract includes the actual policy and the - -application
- The branch of dentistry which deals with the replacement of missing parts
is called - -Prosthodontics
- An agent's license has been suspended for non-renewal. The agent my
apply for reinstatement - -within 12 months of the license renewal date
, - Which of the following is an annuity that is linked to a market-related
index? - -Equity- indexed annuity
- 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 - -100% of the billed amount
- 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 - -bringing
legal action against the insurer
- An individual most likely will have an insurable interest in insuring a
person's life if - -An economic interest exists for the continuance of the
insured's life
- According to the Health Insurance Portability and Accountability Act
(HIPPA), when can a group health policy renewal be denied? - -Participation
or contribution rules have been violated
- Medicaid is a government-funded program designed to provide health care
to - -poor people
- Medicare Part A does not pay for medical benefits provided for the
treatment in a skilled nursing facility beyond - -100 days
- A partial surrender in which of the following life policies? - -universal life
- An agent's appointment may only be terminated by the - -insurer
- An applicant's character and personal habits can be obtained for
underwriting purposes from which source? - -investigate consumer report
- Which type of business insurance is meant to cover the costs of continuing
to do a business while the owner is disabled? - -Business overhead expense
policy
- Advertisements for accident and health policies that ONLY cover a stated
illness MUST display a statement that the - -policy is limited
- Loss of income insurance provides - -an individual the means to replace
wages
- A spouse and child can be added to the primary insured's coverage as
what kind of rider? - -Family Term
