State RegulationsOH specificDifficulty 2/5
A Cincinnati applicant wants a new life policy to take effect at an earlier date so the premium will be based on a younger age. Under Ohio law, a knowingly issued policy may NOT take effect more than how long before the application if that reduces the premium?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
ORC 3915.13 prohibits knowingly issuing a life policy that takes effect more than 6 months before the application if the earlier date reduces the premium. For this purpose the application date is the later of the date the application was executed or the date of the medical examination, and age is determined on the nearest-birthday basis. Backdating beyond 6 months to obtain a lower premium is therefore unlawful in Ohio.
Why the other options are wrong
- A) 2 years is the incontestability period under ORC 3915.05(C), not the backdating limit.
- B) 12 months exceeds the 6-month maximum allowed by ORC 3915.13.
- D) A limit does exist: ORC 3915.13 caps backdating at 6 months before the application when the earlier date reduces the premium.
Memory hook
Backdating stops at half a year — 6 months.