Ohio Insurance Laws and Regulations Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Ohio Insurance Laws Exam. Study with comprehensive materials, including flashcards and quizzes. Each question is detailed with explanations. Set yourself up for success!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How often must every admitted insurance company in Ohio have their financial affairs examined by the superintendent?

  1. Every 2 years

  2. Every 3 years

  3. Every 5 years

  4. Every 10 years

The correct answer is: Every 3 years

Insurance companies in Ohio must have their financial affairs examined by the superintendent every 3 years. This is to ensure that the company is following proper financial practices and to protect policyholders. Options A, C, and D are incorrect because they either have too short or too long of an interval for examinations, which could put policyholders at risk or be too burdensome for insurance companies.

More Questions Like This