Practice Exam - Ohio Life and Health Insurance 100% Accurated(GRDED A+)

Which of these annuities require premium payments that vary from year to year? - ANSWER Flexible Premium Deferred Annuity A limited payment whole life policy provides lifetime protection - ANSWER lifetime protection Which of the following does Coordination of Benefits allow? - ANSWER Which of the following does Coordination of Benefits allow? Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim in paid Which approach predicts a person's earning potential and determines how much of that amount would be devoted to dependants? - ANSWER Human life value approach Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which military service exclusion clause would pay upon his death? - ANSWER Results Pete the agent recently had his license suspended because he was found to be in violation of a state insurance law. Due to this suspension, Pete - ANSWER May be assessed the administrative costs sustained by the Department The first payment for newborn accident and health coverage is due ______ days after birth. - ANSWER 31 According to the Health Insurance Portability and Accountability Act (HIPPA), when can a group health policy renewal be denied? - ANSWER Participation or contribution rules have