Ohio Health & Life Insurance Exam Final Questions and Answers.
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Course
Ohio Health & Life Insurance
Institution
Ohio Health & Life Insurance
Ohio Health & Life Insurance Exam Final Questions and Answers.Ohio Health & Life Insurance Exam Final Questions and Answers.Ohio Health & Life Insurance Exam Final Questions and Answers.
Ohio Health & Life Insurance Exam Final Questions
and Answers.
A cease and desist order must occur - Correct Answer 15 days
How long is certificate of pre licensing course completion valid - Correct Answer 180
days?
Days, change state of residence must notify the superintendent - Correct Answer 30
days
The max duration of temporary license in Ohio - Correct Answer 180 days
Whom the insurer certify that an appointee is competent? - Correct Answer
superintendent
Be sufficient violation to warrant rejection of insurance agent's license - Correct Answer
a denied license in another state
How often are agents required to renew their insurance license - Correct Answer every
2 years
Cyber security, licensees must maintain records of the incident for no less than -
Correct Answer 5 years
What is the waiting period for rate filing before each rate may become effective - Correct
Answer 30 days
Two individuals are in the same risk and age class, charge different rates for their
insurance policies - Correct Answer discrimination
When will fraud be considered a felony - Correct Answer $ 1000 - $7500?
If a consumer requests additional information concerning an investigative consumer
report, how long - Correct Answer 5 days
The superintendent may examine the books and records of any insurer based in Ohio,
who pay for the exam? - Correct Answer insurer
Who is insurance agent - Correct Answer who licensed to sell, solicit or negotiate
insurance?
Insurer has fewer assets than liabilities and is unable to pay financial obligations for at
least 3 years - Correct Answer insolvent
,An insurance agent is suspected of commit illegal acts what legally ban - Correct
Answer Cease and desist order
How many hours of relicensing education are required for applicant seeking a resident
agent - Correct Answer 20 hours?
How often must the superintendent examine financial affairs of domestic insurers -
Correct Answer every 3 years?
Misleading life insurance - Correct Answer misrepresentation
Who can issue a cease and desist order - Correct Answer superintendent
A person's credit character reputation and habits - Correct Answer consumer report
Ethics eddo - Correct Answer 3 hrs.
All of the following are required to qualify for a resident license EXCEPT
An applicant that has passed at least one examination.
B An applicant that is at least 21 years old.
C An applicant that has not committed any act that is a ground for the denial,
suspension, or revocation of a license.
D An applicant that is of good reputation and character. - Correct Answer B An applicant
that is at least 21 years old.
--18 yrs.
Which of the following protects consumers against the circulation of inaccurate or
obsolete personal or financial information?
A Consumer Privacy Act
B The Fair Credit Reporting Act
C Unfair Trade Practices Law
D The Guaranty Association - Correct Answer B the Fair Credit Reporting Act
Any licensed person whose activities affect interstate commerce and who knowingly
makes false material statements related to the business of insurance may be
imprisoned for up to
A 3 years.
B 5 years.
C 10 years.
D 12 years. - Correct Answer C 10 years.
Which of the following best describes a misrepresentation?
A Making a deceptive or untrue statement about a person engaged in the insurance
business
B Making a maliciously critical statement that is intended to injure another person
,C Discriminating among individuals of the same insuring class
D Issuing sales material with exaggerated statements about policy benefits - Correct
Answer D Issuing sales material with exaggerated statements about policy benefits
How many hours of continuing education must be completed in ethics?
A3
B5
C 12
D 2 - Correct Answer A 3
All of the following violations may result in an agent's imprisonment EXCEPT
A Knowingly obtaining information about a consumer under false pretenses.
B Engaging in the business of insurance after being convicted of breach of trust.
C Failing to report to the department a criminal prosecution taken against the agent in
another jurisdiction.
D Embezzling funds from the insurer. - Correct Answer C Failing to report to the
department a criminal prosecution taken against the agent in another jurisdiction.
In Ohio, a temporary license may be issued for any of the following reasons EXCEPT
An Agent's retirement.
B Agent's death.
C Agent's disability.
D Agent's military service. - Correct Answer an Agent's retirement.
Agents who change their state of residence must notify the Superintendent within how
many days of any change in address?
A 10
B 15
C 20
D 30 - Correct Answer D 30
Which of the following entities established the Do-Not-Call Registry?
A The Federal Trade Commission
B The Better Business Bureau
C The NAIC
D The Consumer Protection Agency - Correct Answer A the Federal Trade Commission
An insurance company assures its new policyholders that their premium costs will not
increase for a period of at least five years. However, due to increasing financial strain,
they plan to raise premium costs for all insured’s by 10% over the next two years. What
term best describes this act?
A Fraud
B Defamation
C Unfair discrimination
D Errors and omissions - Correct Answer a Fraud
, Which of the following best describes the unfair trade practice of defamation?
An Issuing false advertising material
B Refusing to deal with other insurers
C Making derogatory oral statements about another insurer's financial condition
D Assuming the name and identity of another person - Correct Answer C Making
derogatory oral statements about another insurer's financial condition
All of the following are regulated areas of the insurance industry EXCEPT
An Investments.
B Commissions.
C Agents.
D Trade practices. - Correct Answer B Commissions.
For how long is the certificate of relicensing course completion valid?
A 2 years
B 180 calendar days
C Indefinitely
D 120 days - Correct Answer B 180 calendar days
According to the telemarketing sales rules, what are the permissible calling hours for
telemarketing calls?
An 8am until 9pm
B 10am until 10pm
C 7am until 7pm
D 7am until 9pm - Correct Answer and 8am until 9pm
Who assumes control over an insurance company's funds and management if they
become insolvent?
A Department of Insurance
B The policyholders or stock owners of the company
C State attorney General
D National Association of Insurance Commissioners - Correct Answer a Department of
Insurance
Which of the following is NOT true regarding a temporary license in this state?
An 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. - Correct Answer B It will
continue for 180 days even if the owner disposes of the business.
In comparison to consumer reports, which of the following describes a unique
characteristic of investigative consumer reports?
A customer has no knowledge of this action.
B The customer's associates, friends, and neighbors provide the report's data.
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