XCEL Ch. 11 Keywords Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
Cease and Desist Orders may be issued by the Superintendent of
Insurance
to any agent found to have committed an
unfair or
deceptive act or has broken an insurance
law
Certificate of Authority Must be obtained for an insurance
company to
conduct business in the state. This is
obtained after
successfully, submitting a copy of its
articles of
incorporation, approval from the Attorney
General,
and a copy of its bylaws.
Agent A person who is authorized to solicit,
receive, and
forward applications to the insurer. They
are also
the primary personal contact with the
insured.
, License Renewal Licenses are renewable biennially (every
two years)
with a $25 fee, renewal application, and
proof of
completing continuing education (CE) on
or before
the last day of the agent's birth month.
Continuing Education Agents must complete 24 hours of
continuing
education per line of authority every two
years (by
the last day of the licensee's birth month)
in order
to renew their licenses
Controlled Business Insurance written on the interests of the
licensee,
the licensee's employer, or the licensee's
immediate
family is considered controlled business.
Reporting of Actions Agents must report any bankruptcy, felony
conviction, or any other administrative
action that
occurs in Ohio or another jurisdiction to the
Superintendent within 30 days.
Assumed Names Agents wishing to conduct business under
a name
other than their legal name must notify the
Superintendent before using such name.
Answers with Verified Solutions | Latest
Updated 2026
Cease and Desist Orders may be issued by the Superintendent of
Insurance
to any agent found to have committed an
unfair or
deceptive act or has broken an insurance
law
Certificate of Authority Must be obtained for an insurance
company to
conduct business in the state. This is
obtained after
successfully, submitting a copy of its
articles of
incorporation, approval from the Attorney
General,
and a copy of its bylaws.
Agent A person who is authorized to solicit,
receive, and
forward applications to the insurer. They
are also
the primary personal contact with the
insured.
, License Renewal Licenses are renewable biennially (every
two years)
with a $25 fee, renewal application, and
proof of
completing continuing education (CE) on
or before
the last day of the agent's birth month.
Continuing Education Agents must complete 24 hours of
continuing
education per line of authority every two
years (by
the last day of the licensee's birth month)
in order
to renew their licenses
Controlled Business Insurance written on the interests of the
licensee,
the licensee's employer, or the licensee's
immediate
family is considered controlled business.
Reporting of Actions Agents must report any bankruptcy, felony
conviction, or any other administrative
action that
occurs in Ohio or another jurisdiction to the
Superintendent within 30 days.
Assumed Names Agents wishing to conduct business under
a name
other than their legal name must notify the
Superintendent before using such name.
