Question: Ohio requires a licensee to complete _____ hours of continuing education hours each licensing period.

Answer: 24 hours of continuing education credit hours every 2 years.

Question: When an agent is replacing an existing ordinary life insurance policy, the agent must take all of the following actions EXCEPT:

Answer: Obtain the beneficiary’s signature.

-Exceptions include: Provide the applicant with a copy of the sales proposal

-Submit to the agent’s insurance company a copy of the signed Notice Regarding Replacement

-Provide the applicant with a Notice Regarding Replacement

Question: A non-admitted insurer:

Answer: Is not afforded protection by the guaranty fund. A non-admitted insurer is not affordable protection by the guaranty fund.

Question: An advertisement for an insurance product may contain:

Answer: The insurer’s name. It’s permitted in advertisement for an insurance policy.

Question: An agent is legally permitted to share his/her commissions:

Answer: With another licensed agent. An agent may share commissions with another licensed agent that is similarly licensed.

Question: An employer with under 20 employees must allow a terminated employee to continue accident and health coverage for a MINIMUM of _______ months.

Answer: 12 months. under Ohio continuation rules, an employer with fewer than 20 employees must allow terminated employees to continue accident and health coverage for at least 12 months.

Question: Unmarried children who are incapable of self support and have proof of incapacity are included under their parent’s health coverage until.

Answer: Policy termination

Question: Who is required to notify the agent in the event of appointment termination?

Answer: Insurer. The party that must notify the agent of the termination is the insurer.

Question: A viatical settlement broke may NOT:

Answer: Make any transactions before being approved for a license. The exception to this would be certain eligible financial professionals.

Question: A life insurable policy’s advertising material MUST contain all of the following information EXCEPT:

Answer: Agent’s commission.

-Exceptions include:

-If the spokesperson was paid

-Statement that dividends are not guaranteed

-Company’s name