- Study guides, Class notes & Summaries

Xcel Ohio Life and Health Exam Study Questions and Answers

-

16 pages

Written in 2023/2024

Grade A+

GUIDEDEXAM

XCEL Ohio Life and Health State Practice Exam Questions and Answers

-

11 pages

Written in 2023/2024

Grade A+

GUIDEDEXAM

OHIO LIFE AND HEALTH PRACTICE EXAM

-

17 pages

Written in 2023/2024

Grade A+

GEEKA

An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - correct answer $5,000 Which of these is NOT subject to income taxation under Modified Endowment Contract (MEC) Loan against the cash value Policy withdrawal Policy Dividend Death Benefit - correct answer Death benefit An indemnity plan Pays both the insured and health care...

-

24 pages

Written in 2023/2024

Grade A+

YANCHY

An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - correct answer $5,000 Which of these is NOT subject to income taxation under Modified Endowment Contract (MEC) Loan against the cash value Policy withdrawal Policy Dividend Death Benefit - correct answer Death benefit An indemnity plan Pays both the insured and healt...

-

24 pages

Written in 2023/2024

Grade A+

YANCHY

Ohio Life and Health Practice EXAM BUNDLE(COMPLETE PACKAGE)| Complete Questions & Answers verified!Ohio Life and Health Practice EXAM BUNDLE(COMPLETE PACKAGE)| Complete Questions & Answers verified!Ohio Life and Health Practice EXAM BUNDLE(COMPLETE PACKAGE)| Complete Questions & Answers verified!Ohio Life and Health Practice EXAM BUNDLE(COMPLETE PA

-

8 items

papersmaster01

Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - ANSWER Life income Someone needing custodial care at home would require which type of coverage? - ANSWER Long term care coverage Which of these is not considered a supplemental health insuring corporation (HIC) service? - ANSWER Outpatient medical services An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? -...

-

11 pages

Written in 2023/2024

Grade A+

papersbyjol

An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - ️️$5,000 Which of these is NOT subject to income taxation under Modified Endowment Contract (MEC) Loan against the cash value Policy withdrawal Policy Dividend Death Benefit - ️️Death benefit An indemnity plan Pays both the insured and health care provider Provi...

-

27 pages

Written in 2023/2024

Grade A+

jacklineshee00

Premiums paid that exceed 7 1/2% of an insured's Adjusted Gross Income (AGI) are tax-deductible when paid for which of the following plans? - ANSWER Qualified Long-Term Care plan All _____ policies must be guaranteed renewable. - ANSWER long-term care An attending physician's statement would be appropriate for which life insurance purpose? - ANSWER At the request of the insurer to assist in the underwriting decision Craig submits a $500 claim for medical expenses. With a past due prem...

-

10 pages

Written in 2023/2024

Grade A+

OHANANCIETA

Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - ANSWER Life income Someone needing custodial care at home would require which type of coverage? - ANSWER Long term care coverage Which of these is not considered a supplemental health insuring corporation (HIC) service? - ANSWER Outpatient medical services An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? -...

-

11 pages

Written in 2023/2024

Grade A+

OHANANCIETA

According to the law of large numbers, how would losses be affected if the number of similar insured units increases? - ANSWER Predictability of losses will be improved Which of the following can be defined as "the potential for loss"? - ANSWER Risk An insurer has a contractual agreement which transfers a portion of its risk exposure to another insurer. What type of contractual arrangement is this? - ANSWER Reinsurance contract Which of these statements regarding insurance is false? -...

-

11 pages

Written in 2023/2024

Grade A+

OHANANCIETA

Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - ANSWER Life income Someone needing custodial care at home would require which type of coverage? - ANSWER Long term care coverage Which of these is not considered a supplemental health insuring corporation (HIC) service? - ANSWER Outpatient medical services An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? -...

-

11 pages

Written in 2023/2024

papersmaster01

According to the law of large numbers, how would losses be affected if the number of similar insured units increases? - ANSWER Predictability of losses will be improved Which of the following can be defined as "the potential for loss"? - ANSWER Risk An insurer has a contractual agreement which transfers a portion of its risk exposure to another insurer. What type of contractual arrangement is this? - ANSWER Reinsurance contract Which of these statements regarding insurance is false? -...

-

11 pages

Written in 2023/2024

Grade A+

OHANANCIETA

An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - $5,000 Which of these is NOT subject to income taxation under Modified Endowment Contract (MEC) Loan against the cash value Policy withdrawal Policy Dividend Death Benefit - Death benefit An indemnity plan Pays both the insured and health care provider Provides the insured a specif...

-

24 pages

Written in 2023/2024

Grade A+

ClassHero

An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - $5,000 Which of these is NOT subject to income taxation under Modified Endowment Contract (MEC) Loan against the cash value Policy withdrawal Policy Dividend Death Benefit - Death benefit An indemnity plan Pays both the insured and health care provider Provides the insured a specif...

-

24 pages

Written in 2023/2024

Grade A+

Preach

Ohio Life and Health Practice Exam Answered 100% Correct Ohio Life and Health Insurance - Ohio Licensing Exam Graded A+ Ohio life and health state exam simulator with Complete Solutions Ohio life, accident and health insurance state exam graded A+ Ohio Life and Health Exam Graded A+ Ohio Life/Health Insurance Study Guide with Complete Solutions

-

8 items

LUCKYSTAR2022

Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? - ANSWER-hospital indemnity What is the renewal date of a resident insurance agent's license? - ANSWER-On or before the last day of the licensee's birth month. A waiver of premium rider allows an insured to waive premium payments if the insured is? - ANSWER-completely and permanently disabled Long term care insurance applications must contain p...

-

10 pages

Written in 2023/2024

Grade A+

LUCKYSTAR2022

20 - ANSWER-Hours of Prelicensing Courses to be completed Unlimited - ANSWER-How many attempts allowed at passing the state exam within 180 days 18 years old - ANSWER-Minimum attained age to obtain license 30 days - ANSWER-How long you have to notify the Superintendent of a change of address Biennially, before last day of agent birth month - ANSWER-When to apply for renewal of license $25 - ANSWER-Fee for renewal, waived if CE requirements have been met 180 days or until the bu...

-

7 pages

Written in 2023/2024

Grade A+

LUCKYSTAR2022

What type of policy would only provide coverage for specific type of illnesses? - ANSWER-Dread disease insurance Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated for tax purposes? - ANSWER-taxable income And insurance company needs to obtain personal information from a third-party concerning an applicant. Which law do you all ensures in there producers need to comply with? - ANSWER-The fair credit reporting act U...

-

11 pages

Written in 2023/2024

Grade A+

LUCKYSTAR2022

An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - ANSWER-$5,000 Which of these is NOT subject to income taxation under Modified Endowment Contract (MEC) Loan against the cash value Policy withdrawal Policy Dividend Death Benefit - ANSWER-Death benefit An indemnity plan Pays both the insured and health care provider Pro...

-

18 pages

Written in 2023/2024

Grade A+

LUCKYSTAR2022