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OHIO HEALTH AND LIFE INSURANCE
EXAM | 150 QUESTIONS WITH 100%
CORRECT ANSWERS | VE RIFIED |
LATEST UPDATE
Question :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 cancelable
Correct answer:cancelable
Question :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 The face amount and premium will remain constant over the 10 year period
Correct answer:The face amount and premium will remain
constant over the 10 year period
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Question :Which of the following provides Medicare
supplement policies?Private insurance companies
Correct answer:Private insurance companies
Question :Under the Health Insurance Portability and
Accountability Act (HIPAA), the employee's new Group Health Plan will verify Creditable Coverage so that the employee's waiting period for coverage of a preexisting condition can be reduced under the new employer's health plan
Correct answer:employee's waiting period for coverage of a
preexisting condition can be reduced under the new employer's health plan
Question :Which of the following is typically NOT eligible
for the coverage in a group health policy?Temporary employee
Correct answer:Temporary employee
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Question :Ohio requires that a licensee complete ______
hours of continuing education on the subject of ethics every reporting period.3
Correct answer:3
Question :Carole is a licensed agent who lives in Michigan
and transacts insurance in Ohio. In Ohio, Carole is considered to be a nonresident agent
Correct answer:nonresident agent
Question :Long- term care insurance applications must
contain plain and unambiguous health questions. The exception to this rule would be applications for guaranteed issue
Correct answer:guaranteed issue
Question :Which of the following is an annuity that is linked
to a market-related index?
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Equity- indexed annuity
Correct answer:Equity- indexed annuity
Question :A closed network plan offers a a primary physician
copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay 100% of the billed amount
Correct answer:100% of the billed amount
Question :An accident and health insurer has just received
written proof of loss from one of its insureds. The insured must now wait 60 days before bringing legal action against the insurer
Correct answer:bringing legal action against the insurer
Question :An individual most likely will have an insurable
interest in insuring a person's life if An economic interest exists for the continuance of the insured's life
