PSI Ohio Insurance Practice Exam 2026 – All-in-One Guide to Exam Success

Insurance regulators often express concern about dread disease insurance policies primarily because buyers frequently misunderstand the extent of coverage these policies provide. Dread disease insurance is designed to cover specific serious illnesses, but the limitations and exclusions can be complex and not clearly communicated to consumers. As a result, individuals may purchase these policies believing they offer more comprehensive protection than they actually do. This misunderstanding can lead to frustration when they attempt to file claims and discover that their conditions may not be covered, or that they are subject to strict definitions that were not clearly conveyed at the point of sale. Regulators aim to protect consumers from such pitfalls by ensuring that insurance products are transparent and that policyholders have a thorough understanding of what their coverage entails.