OHIO LAWS AND REGULATIONS EXAM
STUDY GUIDE 2026/2027 COMPLETE
QUESTIONS WITH VERIFIED CORRECT
ANSWERS || 100% GUARANTEED PASS
<NEWEST VERSION>
1. an advertisement for an insurance product may contain - ANSWER ✔ the
insurer's name
2. an insurer is required to offer which of the following to each long-term
applicant at the time of purchase - ANSWER ✔ inflation protection
3. the superindendent determines an examination of an insurer's books and
records is necessary, after receiving the notification, the insurer - ANSWER
✔ must not impede the examination
4. terminally-ill life insurance policy owners may sell their policy at a discount
third party - this type of agreement is - ANSWER ✔ viatical settlement
5. what does a restorative (restoring the missing tooth structure) dental
treatment cover - ANSWER ✔ crowns
6. -fillings, dental bridges
,7. carole is a licensed agent who lives in michigan and transacts insurance in
ohio - this is considered - ANSWER ✔ nonresident agent
8. what is the minimum benefit period that must be offered by a long term care
policy - ANSWER ✔ 12 months
9. who is required to notify the agent in the event of appointment termination -
ANSWER ✔ insurer
10.all of the following actions are considered rebating except - ANSWER ✔
sharing commissions with other agents
11.within __ days after policy delivery, both medicare supplement and long
term care policies can be returned for a 100% premium refund - ANSWER
✔ 30
12.in ohio, an agent may have his/ her license revoked for what - ANSWER ✔
failing to appear for an interview before the superintendent
13.an example of replacement is - ANSWER ✔ canceling a term life policy to
buy a whole life policy
14.what does the ohio life and health insurance guaranty association provide -
ANSWER ✔ protection to insureds from financially insolvent insurers
,15.A policyowner who anticipates death or develops a life-threatening condition
may obtain proceeds from a life insurance contract. These proceeds are
known as: - ANSWER ✔ Accelerated Benefits
16.Replacement can be BEST described as: - ANSWER ✔ Exchanging a new
policy for one already in force.
17.The Fair Credit Reporting Act protects consumers... - ANSWER ✔ with
guidelines regarding credit reporting and distribution
18.An advertisement for an insurance product may contain: - ANSWER ✔ the
insurer's name
19.Knowingly making an untrue or incomplete statement during an insurance
transaction is considered an example of: - ANSWER ✔ Misrepresentation
20.One role of the superintendent is to: - ANSWER ✔ Enforce state insurance
laws
21.If an agent is believed to be causing considerable harm, the superintendent: -
ANSWER ✔ May issue a cease and desist order against the agent
22.Which of the following is required for the renewal of an agent's insurance
license? - ANSWER ✔ Continuing education (24 hours of education every 2
years)
, 23.An agent's appointment has been terminated by the insurer. The insurer must
then notify the superintendent within _____ days of the termination -
ANSWER ✔ 30 days
24.What is NOT considered a form of life insurance advertisement? -
ANSWER ✔ Buyer's Guide
25.An agent must notify the superintendent within ______ days of a felony
conviction. - ANSWER ✔ 30 days
26.Ohio requires that a licensee complete ___ hours of continuing education on
the subject of ethics every reporting period. - ANSWER ✔ 3
27.This is NOT considered a form of advertising: - ANSWER ✔ An insurer's
AM Best rating
28.A minor may receive a life insurance policy's death benefit ONLY: -
ANSWER ✔ if the minor has an appointed guardian
29.The superintendent determines an examination of an insurer's books and
records is necessary. After receiving the notification, the insurer: - ANSWER
✔ must NOT impede the examination
30.An agent's license may only be suspended or revoked if the agent: -
ANSWER ✔ has been afforded a right to a hearing
STUDY GUIDE 2026/2027 COMPLETE
QUESTIONS WITH VERIFIED CORRECT
ANSWERS || 100% GUARANTEED PASS
<NEWEST VERSION>
1. an advertisement for an insurance product may contain - ANSWER ✔ the
insurer's name
2. an insurer is required to offer which of the following to each long-term
applicant at the time of purchase - ANSWER ✔ inflation protection
3. the superindendent determines an examination of an insurer's books and
records is necessary, after receiving the notification, the insurer - ANSWER
✔ must not impede the examination
4. terminally-ill life insurance policy owners may sell their policy at a discount
third party - this type of agreement is - ANSWER ✔ viatical settlement
5. what does a restorative (restoring the missing tooth structure) dental
treatment cover - ANSWER ✔ crowns
6. -fillings, dental bridges
,7. carole is a licensed agent who lives in michigan and transacts insurance in
ohio - this is considered - ANSWER ✔ nonresident agent
8. what is the minimum benefit period that must be offered by a long term care
policy - ANSWER ✔ 12 months
9. who is required to notify the agent in the event of appointment termination -
ANSWER ✔ insurer
10.all of the following actions are considered rebating except - ANSWER ✔
sharing commissions with other agents
11.within __ days after policy delivery, both medicare supplement and long
term care policies can be returned for a 100% premium refund - ANSWER
✔ 30
12.in ohio, an agent may have his/ her license revoked for what - ANSWER ✔
failing to appear for an interview before the superintendent
13.an example of replacement is - ANSWER ✔ canceling a term life policy to
buy a whole life policy
14.what does the ohio life and health insurance guaranty association provide -
ANSWER ✔ protection to insureds from financially insolvent insurers
,15.A policyowner who anticipates death or develops a life-threatening condition
may obtain proceeds from a life insurance contract. These proceeds are
known as: - ANSWER ✔ Accelerated Benefits
16.Replacement can be BEST described as: - ANSWER ✔ Exchanging a new
policy for one already in force.
17.The Fair Credit Reporting Act protects consumers... - ANSWER ✔ with
guidelines regarding credit reporting and distribution
18.An advertisement for an insurance product may contain: - ANSWER ✔ the
insurer's name
19.Knowingly making an untrue or incomplete statement during an insurance
transaction is considered an example of: - ANSWER ✔ Misrepresentation
20.One role of the superintendent is to: - ANSWER ✔ Enforce state insurance
laws
21.If an agent is believed to be causing considerable harm, the superintendent: -
ANSWER ✔ May issue a cease and desist order against the agent
22.Which of the following is required for the renewal of an agent's insurance
license? - ANSWER ✔ Continuing education (24 hours of education every 2
years)
, 23.An agent's appointment has been terminated by the insurer. The insurer must
then notify the superintendent within _____ days of the termination -
ANSWER ✔ 30 days
24.What is NOT considered a form of life insurance advertisement? -
ANSWER ✔ Buyer's Guide
25.An agent must notify the superintendent within ______ days of a felony
conviction. - ANSWER ✔ 30 days
26.Ohio requires that a licensee complete ___ hours of continuing education on
the subject of ethics every reporting period. - ANSWER ✔ 3
27.This is NOT considered a form of advertising: - ANSWER ✔ An insurer's
AM Best rating
28.A minor may receive a life insurance policy's death benefit ONLY: -
ANSWER ✔ if the minor has an appointed guardian
29.The superintendent determines an examination of an insurer's books and
records is necessary. After receiving the notification, the insurer: - ANSWER
✔ must NOT impede the examination
30.An agent's license may only be suspended or revoked if the agent: -
ANSWER ✔ has been afforded a right to a hearing
