OHIO HEALTH AND LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS

OHIO HEALTH AND LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS
Question 1: An insured has a stop-loss limit of $5,000, a
deductible of $500, and an 80/20 coinsurance. The
insured incurs $25,000 of covered losses. How much will
the insured have to pay?
$500
$5,000
$5,400
$5,600
$5,000
CORRECT ANSWER: $5,400
Question 2: Which of these is NOT subject to income
taxation under Modified Endowment Contract (MEC)

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