Insurance Regulation Exam Questions for Ohio - 2024, Exercises of Nursing

Download Insurance Regulation Exam Questions for Ohio - 2024 and more Exercises Nursing in PDF only on Docsity! PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ The state may suspend, refuse to renew, or revoke an agent's license if more than _____ (percent) of the total written premium by the agent in any 12 month period of time comes from controlled sources. - correct answer ✅50% Writing insurance on your own property or that of your relatives, employer, or employees is known as ________________ business. - correct answer ✅Controlled To apply for a license, the applicant must be at least what age? - correct answer ✅18 An insurance company certificate of authority to operate in the state renews every ______ year(s). - correct answer ✅1 PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ A false statement meant to injure a person in the business of insurance is the unfair trade practice of _________________________. - correct answer ✅defamation A person surrendering their license for a disciplinary cause can no longer hold any insurance license for a minimum period of: - correct answer ✅5 years Agent Willougby states that his policy will be guaranteed renewable for at least 5 years. Willoughby is guilty of ______________________________. - correct answer ✅misrepresentation Making any misrepresentation or incomplete comparison of policies to any person for the purpose of inducing that person to lapse a current policy best describes _________________________ - correct answer ✅twisting PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ The Terrorism Risk Insurance Act requires that damages be in excess of $______________ in order to be considered a "certified act of terrorism - correct answer ✅5 million An Ohio employer may be granted status as a self-insured employer by meeting certain state-mandated conditions. Among these conditions is a requirement that the employer has at least _________ employees. - correct answer ✅500 How often must the Superintendent examine the records of domestic insurers? At least once every ______________ _______________. - correct answer ✅three years What is the maximum number of CE credits an agent can receive from online courses taken in any one qualifying period? _______ hours. - correct answer ✅24 PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ Someone wishing to hold an Ohio insurance license, but does not live in Ohio will request to be appointed as a _________________ _________________. - correct answer ✅non-resident agent The minimum limits of automobile liability insurance required by the state of Ohio is (____/____/____) - correct answer ✅25/50/25 Leroy became a licensed property and casualty agent on August 22, 2013. Assuming his birthday is in August, when must he have his 24 hours of continuing education completed? (MM/DD/YY) - correct answer ✅08/31/15 Each agent licensed in this state must notify the Superintendent regarding a change of address within how many days? - correct answer ✅30 PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+ A collapse or cave in of underground mines is known as: ________________ ____________________ - correct answer ✅mine subsidence If a person, operating a motor vehicle, fails to prove financial responsibility when requested, the driver's license will be suspended for a minimum of how many days? - correct answer ✅90 Insurance companies cannot cancel, refuse to renew, or surcharge premiums due to photo radar violations unless the ticket is ______________________ by a police officer - correct answer ✅issued A Certificate of Approval to sit for a pre-licensing exam is good for _______ _________ after it is issued - correct answer ✅180 days PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation) Exam Questions Latest 2024 SCORES A+