Free Insurance Regulation Practice Questions
Ohio Property exam (series 11-46) — 155 practice questions.
Subtopics: Rate standards, Public adjusters, Continuing education, Nonresident licensing, Appointment filing, Agency authority, Appointment, When appointment is required, Appointment renewal, Referral fees, Commissions, Reporting administrative actions, Cease and desist, Penalty classes, Reporting criminal actions, Hearings, Department inquiries, Fiduciary violations, Disclosure of appointment, Non-insurance products, Civil penalties, Refund obligations, Timely submission, Surrender for cause, Placement without consent, Post-termination conduct, Unauthorized insurers, 18 USC 1033, Adverse action notice, Fair Credit Reporting Act, Agent fees, Fraud referral timing, Insurance fraud, Fraud penalties, Fraud reporting immunity, Insurer fraud reporting, Antifraud plans, Fraud warning, Application after exam, Change of address, License eligibility, Criminal records check, CE credits, CE exemptions, Assumed names, Demographic changes, Business entity license, Renewal extension, Change of home state, Inactive status, Late renewal, Lines of authority, Modification of revocation, Relocating agents, Prelicensing education, Prelicensing exemptions, Revoked license, Reinstatement, License renewal, License surrender, Temporary license, Unlicensed activity, Appointments, Disclosure authorization, Cybersecurity events, Information security program, Privacy notice, Permitted disclosures, Rate filing (property), Rating organizations, Producing agents, Due diligence, Surplus lines license, Insured acknowledgment, Surplus lines tax, Advertising, Certificate of authority, Insurer examinations, Retaliatory law, Regulator, Regulator powers, Termination notice, Unfair trade practices scope, False advertising of assets, Administrative remedies, Unfair trade practice penalties, Defamation of insurer, Inducements, Rebating exceptions, Rebating, Unfair discrimination, Consent agreements, Misrepresentation and twisting, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Twisting, Defamation, Boycott, coercion, intimidation, Unfair claims practices, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship
Read the Insurance Regulation study guide
Sample questions & answers
1. Ohio law requires that property and casualty insurance rates be:
Not excessive, inadequate, or unfairly discriminatory
Ohio's rating law states that rates shall not be excessive, inadequate, or unfairly discriminatory.
2. A contractor offers, for a percentage of the settlement, to negotiate an Ohio homeowner's fire claim with the insurer. Ohio law requires the contractor to hold:
A public insurance adjuster certificate
Anyone who for compensation negotiates or effects settlement of property claims on behalf of an insured must hold a public insurance adjuster certificate; Ohio has no independent adjuster license, and independent adjusters representing insurers are exempt.
3. How much continuing education must an Ohio resident P&C agent complete each license renewal period?
24 hours, including 3 hours of ethics
Each resident agent must complete at least twenty-four hours of approved CE per renewal period, including at least three hours of ethics.
4. Ohio issues a nonresident agent license to an applicant licensed and in good standing in the home state only if, among other things:
The home state licenses Ohio residents on the same basis
Nonresident licensing is reciprocal: the applicant's home state must issue nonresident licenses to Ohio residents on the same basis.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
