Ohio Property and Casualty Insurance Exam with Complete Solutions
2 views 0 purchase
Course
Ohio Property and Casualty Insurance
Institution
Ohio Property And Casualty Insurance
Ohio Property and Casualty Insurance Exam with Complete
Solutions
1. Financial Responsibility Law drivers have proof that they have money
to pay for accident where they are at fault
2. fraud lie planned to trick others and make it
leave other value
3. insolvency you can't pay your claim
4. m...
Ohio Property and Casualty Insurance Exam with Complete
Solutions
1. Financial Responsibility Law drivers have proof that they have money
to pay for accident where they are at fault
2. fraud lie planned to trick others and make it
leave other value
3. insolvency you can't pay your claim
4. mine subsidence damage to house (only) by cave in col-
lapse of mine
5. negotiate talk with prospective client of set type of
insurance about their benefits
6. to negotiate you must be? Licensed
7. sell contract of insurance
8. solicit try to sell insurance of any type
9. a nonresident agent does not live in Ohio
10. how can you be a nonresident submit the right application, be in good
agent standing, have resident license
11. how long do you have to notify you have 30 days
of an address change?
12. when do you have to renew li- every other year on or before the last day
cense by of your birthday month
13. how much is the fee to renew the fee is 25 dollars
your license
14. how many hours of CE courses 24 hours, 3 ethics
do you have to have to renew
15. who proves you took CE you do
16. military, disability, education
,Ohio Property and Casualty Insurance Exam with Complete
Solutions
how do you get an extension on
your renewal
17. late renewal within 2 months, pay 50 dollar late fee
18. can you suspend license for yes
nonrenewal
19. if you want to change your insur- notify the super of insurance
ance agent name you must do
what first
20. how long are temp licenses 180 days
good for
21. how can you get temp license agent disabled or dies, give to next in line
22. you can go inactive with insur- go on to sell insurance
ance but you must not
23. how long must you be out of 2 years
duty for inactive
24. go back active after 2 years? notify super, pay 50 dollar fee
25. how can you get license taken Fraud, fail to submit papers in time, mis-
away? rep, felony
26. violate law up to 25,000 fee with suspension
27. if you violate how long must you 5 years
be out of business
28. what happens if you get a cease you must stop business and have hearing
and desist
29. how much is fine if you dont lis- 10,000
ten to cease and desist
30. 25-500, prison up to 6 months
, Ohio Property and Casualty Insurance Exam with Complete
Solutions
work without a license, what is
fine?
31. unauthorized company fine? 25-500, 6 months jail
32. violate rules 25-500, 1 year jail time
33. if you don't file proper insurance 100-500 dollar fine
documents?
34. what happens if you have to notice before suspension, written or in
have a hearing newspaper
35. must want a what to avoid the consent agreement
hearing
36. if you are in ad/civil court you 30 days
must notify super by
37. if you are in criminal court you immediately
must notify super
38. if indicited you must notify su- 14 days
per by
39. what does the super of insur- they ensure laws are followed, make pre
ance do requirements, renew yearly
40. insolvency you can't pay within 30 days
41. how many days does someone 21 days
have to accept or deny a claim
42. who can you share commission someone who is licensed in the same
with type of insurance as you
43. how many days do you have to 60 days
file for loss papers
44. 15 dollars
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MERCYTRISHIA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
