Ohio Insurance Laws and Regulations Practice Exam

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Prepare for the Ohio Insurance Laws and Regulations Exam. Dive into essential topics with detailed practice questions designed to enhance your knowledge and readiness. Ace your exam and ensure your success in the insurance field!

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With a scheduled dental policy, how are covered expenses paid?

  1. Based on a percentage of costs

  2. Up to a fixed annual limit

  3. Benefits are limited to a specific maximum dollar amount per procedure

  4. Directly to the provider without limits

The correct answer is: Benefits are limited to a specific maximum dollar amount per procedure

A scheduled dental policy is a type of insurance plan that provides benefits up to a specific maximum dollar amount per procedure. This means that the insurance company will only cover a certain amount of the cost for each dental procedure, as outlined in the policy. Option A is incorrect because it describes a percentage-based policy in which the insurance company would cover a certain percentage of the costs, rather than a fixed dollar amount. Option B is incorrect because it describes an annual limit, rather than a limit per procedure. Option D is incorrect because it suggests that there are no limits on the amount of expenses covered, which is not typically the case with scheduled dental policies.