1
OHIO HEALTH INSURANCE EXAM QUESTIONS WITH COMPLETE
SOLUTIONS GUARANTEED PASS BRAND NEW 2025
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
,2
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
, 3
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 ownership in a participating
health insurance contract?
A.) Stock ownership
B.) Irrevocable beneficiary status
C.) Policy ownership
D.) Collateral assignment - ANSWER - >Policy ownership
OHIO HEALTH INSURANCE EXAM QUESTIONS WITH COMPLETE
SOLUTIONS GUARANTEED PASS BRAND NEW 2025
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
,2
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
, 3
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 ownership in a participating
health insurance contract?
A.) Stock ownership
B.) Irrevocable beneficiary status
C.) Policy ownership
D.) Collateral assignment - ANSWER - >Policy ownership
