Ohio Property and Casualty Insurance Exam with all
Correct & 100% Verified Answers |Actual Complete
Update |Already Graded A+
Financial Responsibility Law ✔Correct Answer-drivers have proof that they have money to pay
for accident where they are at fault
fraud ✔Correct Answer-lie planned to trick others and make it leave other value
insolvency ✔Correct Answer-you can't pay your claim
mine subsidence ✔Correct Answer-damage to house (only) by cave in collapse of mine
negotiate ✔Correct Answer-talk with prospective client of set type of insurance about their
benefits
to negotiate you must be? ✔Correct Answer-Licensed
sell ✔Correct Answer-contract of insurance
solicit ✔Correct Answer-try to sell insurance of any type
a nonresident agent ✔Correct Answer-does not live in Ohio
how can you be a nonresident agent ✔Correct Answer-submit the right application, be in
good standing, have resident license
how long do you have to notify of an address change? ✔Correct Answer-you have 30 days
when do you have to renew license by ✔Correct Answer-every other year on or before the
last day of your birthday month
how much is the fee to renew your license ✔Correct Answer-the fee is 25 dollars
how many hours of CE courses do you have to have to renew ✔Correct Answer-24 hours, 3
ethics
who proves you took CE ✔Correct Answer-you do
how do you get an extension on your renewal ✔Correct Answer-military, disability, education
,late renewal ✔Correct Answer-within 2 months, pay 50 dollar late fee
can you suspend license for nonrenewal ✔Correct Answer-yes
if you want to change your insurance agent name you must do what first ✔Correct Answer-
notify the super of insurance
how long are temp licenses good for ✔Correct Answer-180 days
how can you get temp license ✔Correct Answer-agent disabled or dies, give to next in line
you can go inactive with insurance but you must not ✔Correct Answer-go on to sell insurance
how long must you be out of duty for inactive ✔Correct Answer-2 years
go back active after 2 years? ✔Correct Answer-notify super, pay 50 dollar fee
how can you get license taken away? ✔Correct Answer-Fraud, fail to submit papers in time,
misrep, felony
violate law ✔Correct Answer-up to 25,000 fee with suspension
if you violate how long must you be out of business ✔Correct Answer-5 years
what happens if you get a cease and desist ✔Correct Answer-you must stop business and
have hearing
how much is fine if you dont listen to cease and desist ✔Correct Answer-10,000
work without a license, what is fine? ✔Correct Answer-25-500, prison up to 6 months
unauthorized company fine? ✔Correct Answer-25-500, 6 months jail
violate rules ✔Correct Answer-25-500, 1 year jail time
if you don't file proper insurance documents? ✔Correct Answer-100-500 dollar fine
what happens if you have to have a hearing ✔Correct Answer-notice before suspension,
written or in newspaper
must want a what to avoid the hearing ✔Correct Answer-consent agreement
if you are in ad/civil court you must notify super by ✔Correct Answer-30 days
, if you are in criminal court you must notify super ✔Correct Answer-immediately
if indicited you must notify super by ✔Correct Answer-14 days
what does the super of insurance do ✔Correct Answer-they ensure laws are followed, make
pre requirements, renew yearly
insolvency ✔Correct Answer-you can't pay within 30 days
how many days does someone have to accept or deny a claim ✔Correct Answer-21 days
who can you share commission with ✔Correct Answer-someone who is licensed in the same
type of insurance as you
how many days do you have to file for loss papers ✔Correct Answer-60 days
how much of a fee do you have to pay per agent yearly ✔Correct Answer-15 dollars
rebate ✔Correct Answer-give money to prospective client to encourage them to go with your
service
what is the largest fine someone may have ✔Correct Answer-25,000
when can't you have the consumer fee ✔Correct Answer-if you are doing regular insurance
business
secretary will look through insurance company every? ✔Correct Answer-3-5 years
do they have to ask for your rights for fair credit reporting ✔Correct Answer-yes
if you commit fraud/ make false statement, what is prision time ✔Correct Answer-10 years
insolvency prison time ✔Correct Answer-15 years
when secretary needs to who may step in from government for case ✔Correct Answer-
attorney general
do not call list is updated every ✔Correct Answer-30 days
your name is off dnc list after ✔Correct Answer-5 years
cancellation provision ✔Correct Answer-don't pay premium, fraud, hazard
controlled business ✔Correct Answer-with family or relation, you power it
Correct & 100% Verified Answers |Actual Complete
Update |Already Graded A+
Financial Responsibility Law ✔Correct Answer-drivers have proof that they have money to pay
for accident where they are at fault
fraud ✔Correct Answer-lie planned to trick others and make it leave other value
insolvency ✔Correct Answer-you can't pay your claim
mine subsidence ✔Correct Answer-damage to house (only) by cave in collapse of mine
negotiate ✔Correct Answer-talk with prospective client of set type of insurance about their
benefits
to negotiate you must be? ✔Correct Answer-Licensed
sell ✔Correct Answer-contract of insurance
solicit ✔Correct Answer-try to sell insurance of any type
a nonresident agent ✔Correct Answer-does not live in Ohio
how can you be a nonresident agent ✔Correct Answer-submit the right application, be in
good standing, have resident license
how long do you have to notify of an address change? ✔Correct Answer-you have 30 days
when do you have to renew license by ✔Correct Answer-every other year on or before the
last day of your birthday month
how much is the fee to renew your license ✔Correct Answer-the fee is 25 dollars
how many hours of CE courses do you have to have to renew ✔Correct Answer-24 hours, 3
ethics
who proves you took CE ✔Correct Answer-you do
how do you get an extension on your renewal ✔Correct Answer-military, disability, education
,late renewal ✔Correct Answer-within 2 months, pay 50 dollar late fee
can you suspend license for nonrenewal ✔Correct Answer-yes
if you want to change your insurance agent name you must do what first ✔Correct Answer-
notify the super of insurance
how long are temp licenses good for ✔Correct Answer-180 days
how can you get temp license ✔Correct Answer-agent disabled or dies, give to next in line
you can go inactive with insurance but you must not ✔Correct Answer-go on to sell insurance
how long must you be out of duty for inactive ✔Correct Answer-2 years
go back active after 2 years? ✔Correct Answer-notify super, pay 50 dollar fee
how can you get license taken away? ✔Correct Answer-Fraud, fail to submit papers in time,
misrep, felony
violate law ✔Correct Answer-up to 25,000 fee with suspension
if you violate how long must you be out of business ✔Correct Answer-5 years
what happens if you get a cease and desist ✔Correct Answer-you must stop business and
have hearing
how much is fine if you dont listen to cease and desist ✔Correct Answer-10,000
work without a license, what is fine? ✔Correct Answer-25-500, prison up to 6 months
unauthorized company fine? ✔Correct Answer-25-500, 6 months jail
violate rules ✔Correct Answer-25-500, 1 year jail time
if you don't file proper insurance documents? ✔Correct Answer-100-500 dollar fine
what happens if you have to have a hearing ✔Correct Answer-notice before suspension,
written or in newspaper
must want a what to avoid the hearing ✔Correct Answer-consent agreement
if you are in ad/civil court you must notify super by ✔Correct Answer-30 days
, if you are in criminal court you must notify super ✔Correct Answer-immediately
if indicited you must notify super by ✔Correct Answer-14 days
what does the super of insurance do ✔Correct Answer-they ensure laws are followed, make
pre requirements, renew yearly
insolvency ✔Correct Answer-you can't pay within 30 days
how many days does someone have to accept or deny a claim ✔Correct Answer-21 days
who can you share commission with ✔Correct Answer-someone who is licensed in the same
type of insurance as you
how many days do you have to file for loss papers ✔Correct Answer-60 days
how much of a fee do you have to pay per agent yearly ✔Correct Answer-15 dollars
rebate ✔Correct Answer-give money to prospective client to encourage them to go with your
service
what is the largest fine someone may have ✔Correct Answer-25,000
when can't you have the consumer fee ✔Correct Answer-if you are doing regular insurance
business
secretary will look through insurance company every? ✔Correct Answer-3-5 years
do they have to ask for your rights for fair credit reporting ✔Correct Answer-yes
if you commit fraud/ make false statement, what is prision time ✔Correct Answer-10 years
insolvency prison time ✔Correct Answer-15 years
when secretary needs to who may step in from government for case ✔Correct Answer-
attorney general
do not call list is updated every ✔Correct Answer-30 days
your name is off dnc list after ✔Correct Answer-5 years
cancellation provision ✔Correct Answer-don't pay premium, fraud, hazard
controlled business ✔Correct Answer-with family or relation, you power it
