Insurance Regulation CompuCram Test
What is covered under mine subsidence? - ✔️✔️Underground Mining
The purpose of the Ohio Insurance Guaranty Association is to... - ✔️✔️Pay the claims
of insolvent member insurers.
The privacy disclosure notice must NOT - ✔️✔️Require the applicant to give
permission to in writing to use the information.
After an automobile policy has been in force for 90 days, an insurer may cancel or
refuse to renew the policy for all of the following, EXCEPT - ✔️✔️Refusing to use the
device that monitors driving habits.
Who is responsible for the expenses of an insurer audit by the state Department of
Insurance? - ✔️✔️The insurer being audited
The Superintendent may suspend, revoke, refuse to renew, or refuse to issue a license.
Prior to the revocation or denial of a license, the Superintendent must provide to the
licensee or applicant - ✔️✔️An opportunity for the individual to have a hearing.
What is the loss settlement on mine subsidence claims? - ✔️✔️Replacement cost if the
property is repaired or replaced; ACV if it is not repaired or replaced
The Superintendent of Insurance does NOT have the power to - ✔️✔️Prosecute the
agent in a court of law
An insurance license may NOT be revoked for what reason? - ✔️✔️Conviction of a
misdemeanor
What best describes mine subsidence? - ✔️✔️Collapse or cave-in of underground
mines
An agent must notify the Department of Insurance of any administrative actions levied
against her within... - ✔️✔️30 days of the final disposition of the matter
To apply for coverage under the Ohio FAIR plan, a property owner does NOT need to
show what? - ✔️✔️There have been no claims in the past three years
Under Ohio law, failure of a driver to prove financial responsibility whenever requested
will result in... - ✔️✔️A mandatory 90-day suspension of driving privileges.
What is covered under mine subsidence? - ✔️✔️Underground Mining
The purpose of the Ohio Insurance Guaranty Association is to... - ✔️✔️Pay the claims
of insolvent member insurers.
The privacy disclosure notice must NOT - ✔️✔️Require the applicant to give
permission to in writing to use the information.
After an automobile policy has been in force for 90 days, an insurer may cancel or
refuse to renew the policy for all of the following, EXCEPT - ✔️✔️Refusing to use the
device that monitors driving habits.
Who is responsible for the expenses of an insurer audit by the state Department of
Insurance? - ✔️✔️The insurer being audited
The Superintendent may suspend, revoke, refuse to renew, or refuse to issue a license.
Prior to the revocation or denial of a license, the Superintendent must provide to the
licensee or applicant - ✔️✔️An opportunity for the individual to have a hearing.
What is the loss settlement on mine subsidence claims? - ✔️✔️Replacement cost if the
property is repaired or replaced; ACV if it is not repaired or replaced
The Superintendent of Insurance does NOT have the power to - ✔️✔️Prosecute the
agent in a court of law
An insurance license may NOT be revoked for what reason? - ✔️✔️Conviction of a
misdemeanor
What best describes mine subsidence? - ✔️✔️Collapse or cave-in of underground
mines
An agent must notify the Department of Insurance of any administrative actions levied
against her within... - ✔️✔️30 days of the final disposition of the matter
To apply for coverage under the Ohio FAIR plan, a property owner does NOT need to
show what? - ✔️✔️There have been no claims in the past three years
Under Ohio law, failure of a driver to prove financial responsibility whenever requested
will result in... - ✔️✔️A mandatory 90-day suspension of driving privileges.
