State RegulationsOH specificDifficulty 3/5
Which statement correctly states a coverage limit of the Ohio Life and Health Insurance Guaranty Association for health-related coverage?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
ORC 3956.04(D)(2)(a) sets disability income insurance at $300,000. Long-term care insurance is also $300,000, health benefit plan coverage is $500,000, and health insurance benefits other than health benefit plan coverage, disability income, or long-term care (including cash values) are $100,000. Keeping these four health-side limits straight is a classic distinction the Ohio examination expects.
Why the other options are wrong
- A) $500,000 applies to health benefit plan coverage, not to disability income insurance.
- B) Long-term care insurance is capped at $300,000; the $100,000 figure applies to health benefits other than health benefit plan coverage, disability income, or long-term care.
- C) Health benefit plan coverage is capped at $500,000; $300,000 is the general aggregate cap for a single individual.
Memory hook
DI and LTC at $300K; health-benefit-plan coverage alone hits $500K.