Ohio Insurance Laws and Regulations Practice Exam 2026 – The All-in-One Guide to Mastering Your Exam Success!

Question: 1 / 400

An insurer is required to offer what to each long-term applicant at the time of purchase?

A gift

Inflation protection

An insurer is required to offer inflation protection to each long-term applicant as it is important to protect the applicant's purchasing power in the event of a long-term care need. This option provides coverage that is designed to adjust with the rising cost of long-term care services, ensuring that the policy retains its value and the insured can continue to receive necessary care without facing financial strain. Option A is incorrect because an insurer is not required to offer a gift to each long-term applicant at the time of purchase. Option C is incorrect because an insurer is not required to offer a discount to each long-term applicant at the time of purchase. Option D is incorrect because an insurer is not required to offer extended coverage to each long-term applicant at the time of purchase.

Get further explanation with Examzify DeepDiveBeta

A discount

Extended coverage

Next Question

Report this question

Download Ohio Insurance Laws and Regulations Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy