life, accident and health insurance state exam Questions and Answers Latest 2024- OH

A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - CORRECT ANSWER-preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - CORRECT ANSWER-better than average mortality The waiver of premium does NOT include which provision? - CORRECT ANSWER-Al future premiums are waived if the insured recovers from the disability An advertisement for an insurance product may contain - CORRECT ANSWER-the insurer's name A medicare supplement plan can be canceled by the insurer - CORRECT ANSWER-for nonpayment of premiums The principle of insurable interest, in regards to a life insurance contract, is accurately described in which statement? - CORRECT ANSWER-Insurable interest can be based on the love and affection of individuals related by blood or law Craig submits a %500 claim for medical expenses. With a past due premium of $100, the insurer pays $400. which of the uniform optional provisions covers this situation? - CORRECT ANSWER-unpaid premium An example of a health insuring corporation (HIC) specialty care provider is - CORRECT ANSWER