OHIO PROPERTY AND CASUALTY EXAM FLASHCARDS 2026 QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
Financial Responsibility Law - (ANSWER)drivers have proof that they have money to pay for accident
where they are at fault
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
,OHIO PROPERTY AND CASUALTY EXAM FLASHCARDS 2026 QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
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
,OHIO PROPERTY AND CASUALTY EXAM FLASHCARDS 2026 QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
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
if you are in ad/civil court you must notify super by - (ANSWER)30 days
if you are in criminal court you must notify super - (ANSWER)immediately
if indicited you must notify super by - (ANSWER)14 days
what does the super of insurance do - (ANSWER)they ensure laws are followed, make pre requirements,
renew yearly
, OHIO PROPERTY AND CASUALTY EXAM FLASHCARDS 2026 QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
insolvency - (ANSWER)you can't pay within 30 days
how many days does someone have to accept or deny a claim - (ANSWER)21 days
who can you share commission with - (ANSWER)someone who is licensed in the same type of insurance
as you
how many days do you have to file for loss papers - (ANSWER)60 days
how much of a fee do you have to pay per agent yearly - (ANSWER)15 dollars
rebate - (ANSWER)give money to prospective client to encourage them to go with your service
what is the largest fine someone may have - (ANSWER)25,000
when can't you have the consumer fee - (ANSWER)if you are doing regular insurance business
secretary will look through insurance company every? - (ANSWER)3-5 years
do they have to ask for your rights for fair credit reporting - (ANSWER)yes
if you commit fraud/ make false statement, what is prision time - (ANSWER)10 years
insolvency prison time - (ANSWER)15 years
when secretary needs to who may step in from government for case - (ANSWER)attorney general
do not call list is updated every - (ANSWER)30 days
GRADED | WITH EXPERT SOLUTIONS
Financial Responsibility Law - (ANSWER)drivers have proof that they have money to pay for accident
where they are at fault
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
,OHIO PROPERTY AND CASUALTY EXAM FLASHCARDS 2026 QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
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
,OHIO PROPERTY AND CASUALTY EXAM FLASHCARDS 2026 QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
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
if you are in ad/civil court you must notify super by - (ANSWER)30 days
if you are in criminal court you must notify super - (ANSWER)immediately
if indicited you must notify super by - (ANSWER)14 days
what does the super of insurance do - (ANSWER)they ensure laws are followed, make pre requirements,
renew yearly
, OHIO PROPERTY AND CASUALTY EXAM FLASHCARDS 2026 QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
insolvency - (ANSWER)you can't pay within 30 days
how many days does someone have to accept or deny a claim - (ANSWER)21 days
who can you share commission with - (ANSWER)someone who is licensed in the same type of insurance
as you
how many days do you have to file for loss papers - (ANSWER)60 days
how much of a fee do you have to pay per agent yearly - (ANSWER)15 dollars
rebate - (ANSWER)give money to prospective client to encourage them to go with your service
what is the largest fine someone may have - (ANSWER)25,000
when can't you have the consumer fee - (ANSWER)if you are doing regular insurance business
secretary will look through insurance company every? - (ANSWER)3-5 years
do they have to ask for your rights for fair credit reporting - (ANSWER)yes
if you commit fraud/ make false statement, what is prision time - (ANSWER)10 years
insolvency prison time - (ANSWER)15 years
when secretary needs to who may step in from government for case - (ANSWER)attorney general
do not call list is updated every - (ANSWER)30 days
