ohio laws and rules questions and
answers
A life insurance policyowner is allowed ______ days upon policy delivery to return the
policy for a full premium refund ✅✅10
______ life is designed to pay the balance of a loan if the insured dies before
repayment of the loan ✅✅credit
prior to conducting a HIV-related test, the insurer must obtain a(n) ✅✅written
authorization from the proposed insured
the standard grace period for a life insurance policy sold in ohio is ____ months ✅✅1
greg has recently been terminated from his job that covered him for group life
insurance. How long does he have to convert his coverage to an individual policy
✅✅31 days
a policyowner who anticipates death or develops a life-threatening condition may obtain
proceeds from a life insurance contract. these proceeds are known as
✅✅accelerated benefits
a life insurance policy sold in ohio can be cancelled for non-fraudulent misstatements up
to ✅✅2 years
answers
A life insurance policyowner is allowed ______ days upon policy delivery to return the
policy for a full premium refund ✅✅10
______ life is designed to pay the balance of a loan if the insured dies before
repayment of the loan ✅✅credit
prior to conducting a HIV-related test, the insurer must obtain a(n) ✅✅written
authorization from the proposed insured
the standard grace period for a life insurance policy sold in ohio is ____ months ✅✅1
greg has recently been terminated from his job that covered him for group life
insurance. How long does he have to convert his coverage to an individual policy
✅✅31 days
a policyowner who anticipates death or develops a life-threatening condition may obtain
proceeds from a life insurance contract. these proceeds are known as
✅✅accelerated benefits
a life insurance policy sold in ohio can be cancelled for non-fraudulent misstatements up
to ✅✅2 years
