LIFE, ACCIDENT AND HEALTH
INSURANCE STATE EXAM- OH
preferred
A person who is a nonsmoker, of average weight and in excellent health would most likely be in which
risk classification?
better than average mortality
Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has
Al future premiums are waived if the insured recovers from the disability
The waiver of premium does NOT include which provision?
the insurer's name
An advertisement for an insurance product may contain
for nonpayment of premiums
A medicare supplement plan can be canceled by the insurer
,Insurable interest can be based on the love and affection of individuals related by blood or law
The principle of insurable interest, in regards to a life insurance contract, is accurately described in
which statement?
unpaid premium
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?
neurologist
An example of a health insuring corporation (HIC) specialty care provider is
fair credit reporting act
an insurance company needs to obtain personal info from a 3rd part concerning an applicant. which law
do all insurers and their producers need to comply with?
conversion
time is covered under a group plan and would like to changed his coverage to an individual policy w the
same insurer bc of employment termination. which of these describes the change that will take place?
,30
an agents appt has been terminated by insurer. the insurer must then notify the superintendent within
how many days of the termination?
minus indebtedness and without interest
the suicide clause of a life insurance policy states that if an insured commits suicide w in a stated period
from the policy inception, the insurer will only be liable for a return of prisms paid
accelerated death benefit rider
which of the following is considered to be an alternative to a life settlement?
the premiums paid plus interest earned will be given to the beneficiary
if the annuitant dies before the annuity start date,
limited payment insurance
a life insurance policy that has premiums fully paid up within a stated time period is called
guaranteed lifetime withdrawal benefit
shopping for annuity that guarantees he cannot outlive the benefits. which of these benefit options
would he choose
, supplementary medical insurance
what is medicare part b known as
completing the application and collecting initial premium
field underwriting performed by the producer involves
variable whole life
a life insurance policy which contains cash values that vary according to its investment performance of
stocks is called
disability income rider
a life insurance policy owner was injured in an automobile accident which results in total and permanent
disability. which rider would pay a monthly amount bc of this disability?
0
pierre is covered by his employers group major medical plan. his employer pays for 75% of the premium
and he pays for 25%. how much would a 10000 benefit be taxable as income under this plan
INSURANCE STATE EXAM- OH
preferred
A person who is a nonsmoker, of average weight and in excellent health would most likely be in which
risk classification?
better than average mortality
Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has
Al future premiums are waived if the insured recovers from the disability
The waiver of premium does NOT include which provision?
the insurer's name
An advertisement for an insurance product may contain
for nonpayment of premiums
A medicare supplement plan can be canceled by the insurer
,Insurable interest can be based on the love and affection of individuals related by blood or law
The principle of insurable interest, in regards to a life insurance contract, is accurately described in
which statement?
unpaid premium
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?
neurologist
An example of a health insuring corporation (HIC) specialty care provider is
fair credit reporting act
an insurance company needs to obtain personal info from a 3rd part concerning an applicant. which law
do all insurers and their producers need to comply with?
conversion
time is covered under a group plan and would like to changed his coverage to an individual policy w the
same insurer bc of employment termination. which of these describes the change that will take place?
,30
an agents appt has been terminated by insurer. the insurer must then notify the superintendent within
how many days of the termination?
minus indebtedness and without interest
the suicide clause of a life insurance policy states that if an insured commits suicide w in a stated period
from the policy inception, the insurer will only be liable for a return of prisms paid
accelerated death benefit rider
which of the following is considered to be an alternative to a life settlement?
the premiums paid plus interest earned will be given to the beneficiary
if the annuitant dies before the annuity start date,
limited payment insurance
a life insurance policy that has premiums fully paid up within a stated time period is called
guaranteed lifetime withdrawal benefit
shopping for annuity that guarantees he cannot outlive the benefits. which of these benefit options
would he choose
, supplementary medical insurance
what is medicare part b known as
completing the application and collecting initial premium
field underwriting performed by the producer involves
variable whole life
a life insurance policy which contains cash values that vary according to its investment performance of
stocks is called
disability income rider
a life insurance policy owner was injured in an automobile accident which results in total and permanent
disability. which rider would pay a monthly amount bc of this disability?
0
pierre is covered by his employers group major medical plan. his employer pays for 75% of the premium
and he pays for 25%. how much would a 10000 benefit be taxable as income under this plan
