OHIO INSURANCE REGULATIONS TEST QUESTIONS
WITH ALL CORRECT & 100% VERIFIED ANSWERS|
UPDATED TO PASS
Non-Resident agent moving to Ohio, as long as they are in good standing with previous home state,
does not need to pass a licensing exam if he applies for a resident license within Correct answer-90
days of moving to Ohio
Exceptions to licensing: who doesn't need to be licensed Correct answer-1) if they dont receive any
commission
2) who are invovled in underwriting, claims, admin, enrollment
3) who are not required
Responsibilites of Superintendent Correct answer-1) set licensing procedures
2) set appointment procedures
3) see it that laws regarding insurance are executed and enforced
Pre-Licensing Requirements Correct answer-1) 20 hours of in-person classroom training with an
instructor
2) self study exam score of 70% or better.
3) Receive a certificate from the course
Variable Life & Annuity Correct answer-anyone applying for variable annuities line of authority
must be registered with FINRA as a representative must pass either:
series 6, 7, 63, 66 or any other FINRA exams
Obtaining a License Correct answer-1) must be 18
2) be honest
3) consent to a background check
4) not committed any acts that are grounds for denial
5) complete education course
6) apply for a license within 180 days of passing the exam
7) busines entity-must operate in ohio and be licensed in ohio
Change of Address Correct answer-30 days to notify superintendent of insurance.
Renewal of License Correct answer-shall apply biennially on or before the last day of licensee's
brith month. $25 fee. The superindendent shall send a renewal notice to all licensees at least one
month prior to the renewal date.
Renewal of License Correct answer-all continuing education requirements must be met prior to
renewal date. an individual who is unable to comply because of military, medical disability, may
request an extension of renewal.
Late Renewal Correct answer-if the renewal application and fee is not submitted by the required
date, the individual may submit a late renewal application with renewal $25 fee and a $50 late fee.
WITH ALL CORRECT & 100% VERIFIED ANSWERS|
UPDATED TO PASS
Non-Resident agent moving to Ohio, as long as they are in good standing with previous home state,
does not need to pass a licensing exam if he applies for a resident license within Correct answer-90
days of moving to Ohio
Exceptions to licensing: who doesn't need to be licensed Correct answer-1) if they dont receive any
commission
2) who are invovled in underwriting, claims, admin, enrollment
3) who are not required
Responsibilites of Superintendent Correct answer-1) set licensing procedures
2) set appointment procedures
3) see it that laws regarding insurance are executed and enforced
Pre-Licensing Requirements Correct answer-1) 20 hours of in-person classroom training with an
instructor
2) self study exam score of 70% or better.
3) Receive a certificate from the course
Variable Life & Annuity Correct answer-anyone applying for variable annuities line of authority
must be registered with FINRA as a representative must pass either:
series 6, 7, 63, 66 or any other FINRA exams
Obtaining a License Correct answer-1) must be 18
2) be honest
3) consent to a background check
4) not committed any acts that are grounds for denial
5) complete education course
6) apply for a license within 180 days of passing the exam
7) busines entity-must operate in ohio and be licensed in ohio
Change of Address Correct answer-30 days to notify superintendent of insurance.
Renewal of License Correct answer-shall apply biennially on or before the last day of licensee's
brith month. $25 fee. The superindendent shall send a renewal notice to all licensees at least one
month prior to the renewal date.
Renewal of License Correct answer-all continuing education requirements must be met prior to
renewal date. an individual who is unable to comply because of military, medical disability, may
request an extension of renewal.
Late Renewal Correct answer-if the renewal application and fee is not submitted by the required
date, the individual may submit a late renewal application with renewal $25 fee and a $50 late fee.
