OHIO LAWS AND RULES EXAM WITH ALL CORRECT &
100% VERIFIED ANSWERS|LATEST VERSION|UPDATED
TO PASS
Open enrollment for Medicare Supplement coverage starts Correct answer-3 months before your
65th birthday
A viatical settlement broker may NOT Correct answer-make any transactions before being
approved for a license
A non-admitted insurer Correct answer-is not afforded protection by the guaranty fund
An agent's renewal date for his/her license is on or before Correct answer-the last day of the
licensee's birth month
If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against
a health insurer after submitting written proof of loss? Correct answer-60
Informing an insured of inaccurate terms of an insurance policy is considered to be a form of
Correct answer-misrepresentation
The entire contract provision includes all of the following EXCEPT the Correct answer-changes
made by the agent
Coverage for newborns under an accident and health plan MUST include coverage for Correct
answer-birth abnormalities
Jim recently sold his whole life insurance policy under a viatical settlement contract. The proceeds of
this contract could be subject to the claims of Correct answer-creditors
A life insurance applicant in Ohio may backdate the application for up to __ month(s). Correct
answer-3 months
Proof of loss on a health insurance claim must be submitted to an insurer within __ days after the
insured's date of loss Correct answer-90 days
A minor may receive a life insurance policy's death benefit ONLY Correct answer-if they have an
appointed guardian
A life insurance policyowner is allowed __ days upon policy delivery to return the policy for a full
premium refund Correct answer-10
An agent must notify the superintendent within __ days of a felony conviction. Correct answer-30
The Ohio Life and Health Insurance Guaranty Association Correct answer-protects insureds from
insurance company insolvency
100% VERIFIED ANSWERS|LATEST VERSION|UPDATED
TO PASS
Open enrollment for Medicare Supplement coverage starts Correct answer-3 months before your
65th birthday
A viatical settlement broker may NOT Correct answer-make any transactions before being
approved for a license
A non-admitted insurer Correct answer-is not afforded protection by the guaranty fund
An agent's renewal date for his/her license is on or before Correct answer-the last day of the
licensee's birth month
If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against
a health insurer after submitting written proof of loss? Correct answer-60
Informing an insured of inaccurate terms of an insurance policy is considered to be a form of
Correct answer-misrepresentation
The entire contract provision includes all of the following EXCEPT the Correct answer-changes
made by the agent
Coverage for newborns under an accident and health plan MUST include coverage for Correct
answer-birth abnormalities
Jim recently sold his whole life insurance policy under a viatical settlement contract. The proceeds of
this contract could be subject to the claims of Correct answer-creditors
A life insurance applicant in Ohio may backdate the application for up to __ month(s). Correct
answer-3 months
Proof of loss on a health insurance claim must be submitted to an insurer within __ days after the
insured's date of loss Correct answer-90 days
A minor may receive a life insurance policy's death benefit ONLY Correct answer-if they have an
appointed guardian
A life insurance policyowner is allowed __ days upon policy delivery to return the policy for a full
premium refund Correct answer-10
An agent must notify the superintendent within __ days of a felony conviction. Correct answer-30
The Ohio Life and Health Insurance Guaranty Association Correct answer-protects insureds from
insurance company insolvency
