Ohio Health and life insurance exam| 150 Questions| Correct 100%(RATED A+)

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare supplement policies? - ANSWER Private insurance companies Under the Health Insurance Portability and Accountability Act (HIPAA), the employee's new Group Health Plan will verify Creditable Coverage so that the - ANSWER employee's waiting period for coverage of a preexisting condition can be reduced under the new employer's health plan Which of the following is typically NOT eligible for the coverage in a group health policy? - ANSWER Temporary employee Which of the following is a reinstatement condition? - ANSWER Proof of insurability Ohio requires that a licensee complete ______ hours of continuing education on the subject of ethics every reporting period. - ANSWER 3 Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In Ohio, Carole is considered to be a - ANSWER nonresident agent Long- term care insurance applications must contain plain and unambiguous health questions. The exception to this rule would be applications for - ANSWER guaranteed issue Continuous 24- hour care provided by licensed medical professionals under the direct supervision of a physician is called - ANSWER skilled nursing care The entire contract includes the actual policy and the - ANSWER application The branch of dentistry which deals with the replacement of missing parts is called - ANSWER Prosthodontics