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Free Life Accident and Health Insurance Basics Practice Questions

Ohio Life, Accident & Health exam — 63 practice questions.

Subtopics: Insurable interest, Consideration, Concealment, Warranty, Underwriting, Premium mode, Application accuracy, Mortality and morbidity, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Mortality table, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Human life value

Read the Life Accident and Health Insurance Basics study guide

Sample questions & answers

1. Insurable interest in a life insurance contract must be held by:

The policyowner at the time of application

The policyowner must have insurable interest at the time of application.

2. The premium an applicant agrees to pay represents the contract's:

Consideration

Premium is the insured's consideration supporting the contract.

3. Failing to disclose a known material fact on an application is:

Concealment

Withholding a known material fact is concealment.

4. A statement guaranteed to be literally true and part of the contract is a:

Warranty

A warranty is guaranteed true and part of the contract.

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Practice: Life Accident and Health Insurance Basics

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.