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Exam (elaborations)

Ohio Property and Casualty

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Uploaded on
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Written in
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Ohio Property and Casualty

Institution
Ohio Property And Casualty
Course
Ohio Property and Casualty










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Written for

Institution
Ohio Property and Casualty
Course
Ohio Property and Casualty

Document information

Uploaded on
January 22, 2025
Number of pages
24
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

OHIO PROPERTY AND CASUALTY EXAM
WITH ALL NEEDED TO PASS




Timing gof gRenewal gof gLicense g- gcorrect ganswers g-Apply gbiennially gon gor gbefore
gthe glast gday gof gthe glicensee's gbirth gmonth


Temporary gLicense-How gmany gdays? g- gcorrect ganswers g-Period gnot gto gexceed
g180 gdays


Notice gof gAdministrative gAction-Timing g- gcorrect ganswers g-Notify gthe
gSuperintendent gwithin g30 gdays gafter gthe gfinal gdisposition gof gthe gmatter

,Notice gof gCriminal gProsecution g- gTiming g- gcorrect ganswers g-Within g30 gdays gafter
gthe ginitial gappearance gbefore ga gjudge


Final gDisposition gof gthe gProsecution g- gTiming g- gcorrect ganswers g-Provide ga
gcertified gcopy gof gorder gthat greflects gthe gfinal gdisposition gwithin g30 gdays


Continuing gEducation g- gNumber gof gHours gEvery gLicensing gPeriod g- gcorrect
ganswers g-24 ghours


How gmany gEthics gHours gare gRequired geach gLicensing gPeriod g- gcorrect ganswers
g-3 ghours


CE gCarry-Forward gAllowed geach gyear g- gcorrect ganswers g-12 ghours

Inactive gLicense-how g,any gmonths gmust gbe gInc gtime? g- gcorrect ganswers g-Must
gbe ginactive gfor gat gleast g24 gmonths


Participates gDuring gInactive gStatus-Fine g- gcorrect ganswers g-Superintendent gmay
grevoke gor gsuspend glicense gand gimpose gup gto ga g$25,000 gfine


Fine gfor gViolation gof gInsurance gRegulations g- gcorrect ganswers g-Up gto ga g$25,000
gfine gper gviolation


Fine gfor gTransacting gInsurance gBusiness gwithout ga gLicense g- gcorrect ganswers g-
Misdemeanor-Between g$25 gand g$500 gand gimprisoned gfor gup gto g6 gmonths gor
gboth


Fine gfor gSelling gInsurance gfor gan gUnauthorized gCompany g- gcorrect ganswers g-
License grevoked-fine gof gbetween g$25 gand g$500, gand gimprisoned gup gto g6
gmonths, gor gboth


Fines gfor gSurplus gLines gagent gfound gguilty gof gviolating gregulations gregarding
gunauthorized ginsurance g- gcorrect ganswers g-Fined gbetween g$25 gand g$500 gand
gimprisoned gup gto g1 gyear, gor gboth


Fine gfor gFailure gto gFile gthe gProper gFees, gTaxes gor gAssessments gor gViolates
gAdvertising gRegulations g- gcorrect ganswers g-Fined gbetween g$100 gand g$500


What gis gIssued gif ga gviolation gwill gcause ga gsubstantial gor gmaterial gharm g- gcorrect
ganswers g-Cease gand gdesist gorder


Cease gand gDesist gorder gapplies gto: g- gcorrect ganswers g-Specific gact gthat gis
gsubject gto gthe gorder


Fine gif gfail gto ghonor ga gcease gand gdesist gorder g- gcorrect ganswers g-Civil gpenalty
gup gto g$10,000

, Term-Negotiate g- gcorrect ganswers g-Confer gdirectly gwith, gor goffer gadvice gto, ga
gpurchaser gor gprospective gpurchaser gof ga gparticular gcontract gof ginsurance


Term-Sell g- gcorrect ganswers g-Exchange ga gcontract gof ginsurance gby gany gmeans,
gfor gmoney gor gits gequivalent, gon gbehalf gof gan ginsurer


Term-Solicit g- gcorrect ganswers g-To gattempt gto gsell ginsurance, gor gto gask gor gurge
ga gperson gto gapply gfor ga gparticular gkind gof ginsurance gfrom ga gparticular ginsurer


Certificate gof gAuthority g- gcorrect ganswers g-Must ghave gto gsell ginsurance gin gthe
gstate


Certificate gof gAuthority-renewal g- gcorrect ganswers g-Annually gfrom gthe gdate gof
gfiling


Term-Insolvency g- gcorrect ganswers g-Inability gto gpay gobligations gwithin g40 gdays
gfrom gwhen gthey gare gdue. g
Admitted gassets gdo gnot gexceed gits gliabilities

File gRetention g- gcorrect ganswers g-Keep gminimum gof g3 gyears

Timing gof gresponse gon gclaim gcommunications g- gcorrect ganswers g-Within g15 gdays
gof gnotification gof gloss


Timing gof gresponse gto gthe gDept. gOf gInsurance g- gcorrect ganswers g-Within g21
gdays


Timing gof gnotification gof gneed gfor gmore gtime gto ginvestigate gclaim g- gcorrect
ganswers g-Within g90 gdays gand gevery g90 gdays gthereafter
Auto gClaims-within45 gdays gand gevery g45 gdays gthereafter

Timing gof gresponse gto gconfirm gor gdeny gcoverage g- gcorrect ganswers g-Within g21
gdays


Timing gof gpayment gafter ga gsettlement gof ga gclaim g- gcorrect ganswers g-Not glater
gthan g5 gdays


Can ga gcommission gbe gpaid gto ganother gagent gif gthe gagent gis glicensed gfor gthat
gline gof gbusiness? g- gcorrect ganswers g-Yes


Certification grequirements gof gan gagent g- gcorrect ganswers g-Competent
Financially gresponsible
Suitable gto grepresent gthe ginsurer

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