Life, Accident And Health Insurance State Exam OH 186 Questions And Answers
1 / 10
Terms in this set
185
A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification?
preferred
Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has
better than average mortality
The waiver of premium does NOT include which provision?
Al future premiums are waived if the insured recovers from the disability
An advertisement for an insurance product may contain
the insurer's name
A medicare supplement plan can be canceled by the insurer
for nonpayment of premiums
The principle of insurable interest, in regards to a life insurance contract, is accurately described in which statement?
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?
unpaid premium
An example of a health insuring corporation (HIC) specialty care provider is
neurologist
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?
fair credit reporting act
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?
conversion