Insurance Regulation

B. It will continue for 180 days even if the owner disposes of the business

Which of the following is NOT true regarding a temporary license in this state? A. It does not require a written examination B. It will continue for 180 days even if the owner disposes of the business C. It can be issued to a designee when a licensed agent enters active U.S. military service D. It can be issued to a spouse of the deceased agent

C. Examination expenses are the responsibility of the insurer

Which of the following is true regarding examination of financial affairs of insurers? A. Examinations are conducted by the NAIC B. Examinations must be conducted at least annually C. Examination expenses are the responsibility of the insurer D. The Director must examine all insurers: domestic, foreign, and alien

B. 3 years

An insolvent insurer is one who is unable to pay its obligations when they are due or has fewer assets than liabilities for a period of... A. 2 years B. 3 years C. 4 years D. 5 years

A. 90 days

An insurance agent licensed in another state may apply for a prelicensing education exemption within how many days of establishing a principle place of business in Ohio? A. 90 days B. 180 days C. 1 year D. 2 years

C. False advertising

An insurance company has published a brochure that inaccurately portrays the advantages of a particular insurance policy. What is this an example of? A. Twisting B. Defamation C. False advertising D. Unfair claims

C. The Director

An insurer suspects an agent of fraud and cancels his appointment. Which authority, if any, should be notified? A. None B. Federal Insurance Regulation Board C. The Director D. NAIC

C. 180 days

The maximum duration of a temporary license in this state is... A. 30 days B. 90 days C. 180 days D. 1 year

B. 18

What is the minimum age for obtaining an insurance agent license in this state? A. 16 B. 18 C. 19 D. 21

B. National Do Not Call Registry

What was created to keep telemarketers from calling consumers who do not wish to be contacted? A. Call Control Registry B. National Do Not Call Registry C. Confidential No Call Act D. Freedom of Information Act

C. Consumer report

Which of the following includes information regarding a person's credit, character, reputation, and habits? A. Insurability report B. Agent's report C. Consumer report D. Consumer history

C. 2 years

Each person licensed as an agent or solicitor is required to complete continuing education instruction every... A. Year for the fist 3 years, then every 2 years thereafter B. Year C. 2 years D. 3 years

A. Without receiving written consent from an insurance regulatory authority

Federal law makes it illegal for any individual convicted of a crime involving dishonesty or breach of trust to work in the business of insurance affecting interstate commerce... A. Without receiving written consent from an insurance regulatory authority B. Under any circumstances C. Unless they have served an appropriate prison sentence D. Without receiving written consent from a Federal Judge

A. 180 calendar days

For how long is the certificate of prelicensing course completion valid? A. 180 calendar days B. 1 year C. Indefinitely D. 90 calendar days

B. Every 2 years

How often are agents required to renew their insurance license? A. Every year B. Every 2 years C. Every 4 years D. Every 5 years

A. Ancestry

If an insurance company wishes to order a consumer report on an applicant to assist in the underwriting process, and if a notice of insurance information practices has been provided, the report may contain all of the following information EXCEPT the applicant's... A. Ancestry B. Credit history C. Habits D. Prior insurance