Ohio Insurance Laws and Regulations Practice Exam

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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!

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In Ohio, an agent may have his/her license revoked for which of the following acts?

failure to pay state income tax
speeding violation
failure to submit claim forms
none of the above

The correct answer is: failure to pay state income tax

Revoking an agent's license is a serious consequence that is typically reserved for major infractions. Of the options provided, only failure to pay state income tax would qualify as a major infraction that could lead to a license revocation. This is because the state income tax system relies heavily on honesty, and an agent's failure to pay their taxes could raise red flags about their trustworthiness and integrity as a licensed professional. Speeding violations and failure to submit claim forms, while serious, are not typically considered severe enough to warrant a license revocation. Therefore, the correct answer is A failure to pay state income tax.