PSI OHIO INSURANCE ULTIMATE EXAM
COMPREHENSIVE PRACTICE EXAMINATION
---
Instructions: Select the best answer for each question. The correct answer and detailed
rationale are provided immediately after each question.
Exam Coverage: This comprehensive practice exam covers all key competency areas for
the PSI Ohio Insurance Licensing Examination, including:
- Insurance Regulation and Ohio State Laws
- General Insurance Concepts
- Life Insurance
- Accident and Health Insurance
- Property Insurance
- Casualty Insurance
- Ethics and Consumer Protection
Exam Format: Computer-based, multiple-choice. Duration: approximately 2.5–3 hours
depending on the exam type. The exam tests general insurance industry knowledge,
insurance policies and product knowledge specific to your license type, and Ohio state law.
Ohio-Specific Requirements:
- Pre-licensing certificate valid for 180 days
- Exam fee: $49
- Fingerprinting required for resident license applicants
- Effective March 10, 2026: Remote examinations are no longer available; all tests must
be scheduled at a PSI exam test site
---
, SECTION 1: INSURANCE REGULATION AND OHIO STATE LAWS (Questions 1-40)
---
QUESTION 1
Under Ohio law, how many hours of pre-licensing education are required for each major
line of insurance (Life and Accident & Health)?
A) 10 hours
B) 20 hours
C) 30 hours
D) 40 hours
Answer: B
Rationale: Ohio requires 20 hours of pre-licensing education per line. For Property and
Casualty, the requirement is also 20 hours per line.
---
QUESTION 2
What is the minimum auto liability insurance requirement in Ohio?
A) 15/30/5
B) 25/50/25
C) 50/100/50
D) 100/300/100
Answer: B
, Rationale: Ohio's minimum auto liability limits are 25/50/25 – $25,000 for bodily injury
per person, $50,000 for bodily injury per accident, and $25,000 for property damage.
---
QUESTION 3
How many days does an Ohio licensee have to notify the Department of Insurance of an
address change?
A) 5 days
B) 10 days
C) 15 days
D) 30 days
Answer: B
Rationale: Ohio licensees must notify the Department of Insurance of an address change
within 10 days.
---
QUESTION 4
What is Ohio's Valued Policy Law?
A) A law requiring insurers to pay the full face amount of a policy in the event of a total
loss
B) A law requiring insurers to pay actual cash value only
C) A law requiring insurers to pay replacement cost
D) A law requiring insurers to pay 80% of the policy face amount
Answer: A
, Rationale: Ohio's Valued Policy Law requires insurers to pay the full face amount of the
policy in the event of a total loss, rather than just the actual cash value.
---
QUESTION 5
What is the Ohio Fair Plan?
A) A program that provides property insurance to high-risk property owners who cannot
obtain coverage in the standard market
B) A program that provides health insurance to low-income residents
C) A program that provides auto insurance to high-risk drivers
D) A program that provides life insurance to seniors
Answer: A
Rationale: The Ohio Fair Plan provides property insurance to property owners who are
unable to obtain coverage in the standard insurance market due to high risk.
---
QUESTION 6
Which Ohio statute establishes the requirement for insurance producer licensing?
A) Ohio Revised Code Chapter 3905
B) Ohio Revised Code Chapter 3901
C) Ohio Revised Code Chapter 3923
D) Ohio Revised Code Chapter 3937
Answer: A
COMPREHENSIVE PRACTICE EXAMINATION
---
Instructions: Select the best answer for each question. The correct answer and detailed
rationale are provided immediately after each question.
Exam Coverage: This comprehensive practice exam covers all key competency areas for
the PSI Ohio Insurance Licensing Examination, including:
- Insurance Regulation and Ohio State Laws
- General Insurance Concepts
- Life Insurance
- Accident and Health Insurance
- Property Insurance
- Casualty Insurance
- Ethics and Consumer Protection
Exam Format: Computer-based, multiple-choice. Duration: approximately 2.5–3 hours
depending on the exam type. The exam tests general insurance industry knowledge,
insurance policies and product knowledge specific to your license type, and Ohio state law.
Ohio-Specific Requirements:
- Pre-licensing certificate valid for 180 days
- Exam fee: $49
- Fingerprinting required for resident license applicants
- Effective March 10, 2026: Remote examinations are no longer available; all tests must
be scheduled at a PSI exam test site
---
, SECTION 1: INSURANCE REGULATION AND OHIO STATE LAWS (Questions 1-40)
---
QUESTION 1
Under Ohio law, how many hours of pre-licensing education are required for each major
line of insurance (Life and Accident & Health)?
A) 10 hours
B) 20 hours
C) 30 hours
D) 40 hours
Answer: B
Rationale: Ohio requires 20 hours of pre-licensing education per line. For Property and
Casualty, the requirement is also 20 hours per line.
---
QUESTION 2
What is the minimum auto liability insurance requirement in Ohio?
A) 15/30/5
B) 25/50/25
C) 50/100/50
D) 100/300/100
Answer: B
, Rationale: Ohio's minimum auto liability limits are 25/50/25 – $25,000 for bodily injury
per person, $50,000 for bodily injury per accident, and $25,000 for property damage.
---
QUESTION 3
How many days does an Ohio licensee have to notify the Department of Insurance of an
address change?
A) 5 days
B) 10 days
C) 15 days
D) 30 days
Answer: B
Rationale: Ohio licensees must notify the Department of Insurance of an address change
within 10 days.
---
QUESTION 4
What is Ohio's Valued Policy Law?
A) A law requiring insurers to pay the full face amount of a policy in the event of a total
loss
B) A law requiring insurers to pay actual cash value only
C) A law requiring insurers to pay replacement cost
D) A law requiring insurers to pay 80% of the policy face amount
Answer: A
, Rationale: Ohio's Valued Policy Law requires insurers to pay the full face amount of the
policy in the event of a total loss, rather than just the actual cash value.
---
QUESTION 5
What is the Ohio Fair Plan?
A) A program that provides property insurance to high-risk property owners who cannot
obtain coverage in the standard market
B) A program that provides health insurance to low-income residents
C) A program that provides auto insurance to high-risk drivers
D) A program that provides life insurance to seniors
Answer: A
Rationale: The Ohio Fair Plan provides property insurance to property owners who are
unable to obtain coverage in the standard insurance market due to high risk.
---
QUESTION 6
Which Ohio statute establishes the requirement for insurance producer licensing?
A) Ohio Revised Code Chapter 3905
B) Ohio Revised Code Chapter 3901
C) Ohio Revised Code Chapter 3923
D) Ohio Revised Code Chapter 3937
Answer: A
