OHIO PROPERTY AND CASUALTY ELITE
REVIEW STUDY GUIDE SUMMARY WITH
SOLVED QUESTIONS AND DETAILED VERIFIED
ANSWERS FOR 2026 SUCCESS
◉fraud . Answer: lie planned to trick others and make it leave other
value
◉insolvency . Answer: you can't pay your claim
◉mine subsidence . Answer: damage to house (only) by cave in collapse
of mine
◉negotiate . Answer: talk with prospective client of set type of
insurance about their benefits
◉to negotiate you must be? . Answer: Licensed
◉sell . Answer: contract of insurance
◉solicit . Answer: try to sell insurance of any type
,◉a nonresident agent . Answer: does not live in Ohio
◉how can you be a nonresident agent . Answer: submit the right
application, be in good standing, have resident license
◉how long do you have to notify of an address change? . Answer: you
have 30 days
◉when do you have to renew license by . Answer: every other year on
or before the last day of your birthday month
◉how much is the fee to renew your license . Answer: the fee is 25
dollars
◉how many hours of CE courses do you have to have to renew .
Answer: 24 hours, 3 ethics
◉who proves you took CE . Answer: you do
◉how do you get an extension on your renewal . Answer: military,
disability, education
,◉late renewal . Answer: within 2 months, pay 50 dollar late fee
◉can you suspend license for nonrenewal . Answer: yes
◉if you want to change your insurance agent name you must do what
first . Answer: notify the super of insurance
◉how long are temp licenses good for . Answer: 180 days
◉how can you get temp license . Answer: agent disabled or dies, give to
next in line
◉you can go inactive with insurance but you must not . Answer: go on
to sell insurance
◉how long must you be out of duty for inactive . Answer: 2 years
◉go back active after 2 years? . Answer: notify super, pay 50 dollar fee
◉how can you get license taken away? . Answer: Fraud, fail to submit
papers in time, misrep, felony
◉violate law . Answer: up to 25,000 fee with suspension
, ◉if you violate how long must you be out of business . Answer: 5 years
◉what happens if you get a cease and desist . Answer: you must stop
business and have hearing
◉how much is fine if you dont listen to cease and desist . Answer:
10,000
◉work without a license, what is fine? . Answer: 25-500, prison up to 6
months
◉unauthorized company fine? . Answer: 25-500, 6 months jail
◉violate rules . Answer: 25-500, 1 year jail time
◉if you don't file proper insurance documents? . Answer: 100-500 dollar
fine
◉what happens if you have to have a hearing . Answer: notice before
suspension, written or in newspaper
◉must want a what to avoid the hearing . Answer: consent agreement
REVIEW STUDY GUIDE SUMMARY WITH
SOLVED QUESTIONS AND DETAILED VERIFIED
ANSWERS FOR 2026 SUCCESS
◉fraud . Answer: lie planned to trick others and make it leave other
value
◉insolvency . Answer: you can't pay your claim
◉mine subsidence . Answer: damage to house (only) by cave in collapse
of mine
◉negotiate . Answer: talk with prospective client of set type of
insurance about their benefits
◉to negotiate you must be? . Answer: Licensed
◉sell . Answer: contract of insurance
◉solicit . Answer: try to sell insurance of any type
,◉a nonresident agent . Answer: does not live in Ohio
◉how can you be a nonresident agent . Answer: submit the right
application, be in good standing, have resident license
◉how long do you have to notify of an address change? . Answer: you
have 30 days
◉when do you have to renew license by . Answer: every other year on
or before the last day of your birthday month
◉how much is the fee to renew your license . Answer: the fee is 25
dollars
◉how many hours of CE courses do you have to have to renew .
Answer: 24 hours, 3 ethics
◉who proves you took CE . Answer: you do
◉how do you get an extension on your renewal . Answer: military,
disability, education
,◉late renewal . Answer: within 2 months, pay 50 dollar late fee
◉can you suspend license for nonrenewal . Answer: yes
◉if you want to change your insurance agent name you must do what
first . Answer: notify the super of insurance
◉how long are temp licenses good for . Answer: 180 days
◉how can you get temp license . Answer: agent disabled or dies, give to
next in line
◉you can go inactive with insurance but you must not . Answer: go on
to sell insurance
◉how long must you be out of duty for inactive . Answer: 2 years
◉go back active after 2 years? . Answer: notify super, pay 50 dollar fee
◉how can you get license taken away? . Answer: Fraud, fail to submit
papers in time, misrep, felony
◉violate law . Answer: up to 25,000 fee with suspension
, ◉if you violate how long must you be out of business . Answer: 5 years
◉what happens if you get a cease and desist . Answer: you must stop
business and have hearing
◉how much is fine if you dont listen to cease and desist . Answer:
10,000
◉work without a license, what is fine? . Answer: 25-500, prison up to 6
months
◉unauthorized company fine? . Answer: 25-500, 6 months jail
◉violate rules . Answer: 25-500, 1 year jail time
◉if you don't file proper insurance documents? . Answer: 100-500 dollar
fine
◉what happens if you have to have a hearing . Answer: notice before
suspension, written or in newspaper
◉must want a what to avoid the hearing . Answer: consent agreement
