MSK PRACTICE STUDY SHEET
COMPLETE 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
>> Financial Responsibility Law
Answer: drivers have proof that they have money to pay for accident where
they are at fault
>> fraud
Answer: lie planned to trick others and make it leave other value
>> insolvency
Answer: you can't pay your claim
>> mine subsidence
Answer: damage to house (only) by cave in collapse of mine
>> negotiate
Answer: talk with prospective client of set type of insurance about their
benefits
>> to negotiate you must be?
Answer: Licensed
>> sell
Answer: contract of insurance
>> solicit
,Answer: try to sell insurance of any type
>> a nonresident agent
Answer: does not live in Ohio
>> how can you be a nonresident agent
Answer: submit the right application, be in good standing, have resident
license
>> how long do you have to notify of an address change?
Answer: you have 30 days
>> when do you have to renew license by
Answer: every other year on or before the last day of your birthday month
>> how much is the fee to renew your license
Answer: the fee is 25 dollars
>> how many hours of CE courses do you have to have to renew
Answer: 24 hours, 3 ethics
>> who proves you took CE
Answer: you do
>> how do you get an extension on your renewal
Answer: military, disability, education
>> late renewal
Answer: within 2 months, pay 50 dollar late fee
,>> can you suspend license for nonrenewal
Answer: yes
>> if you want to change your insurance agent name you must do what first
Answer: notify the super of insurance
>> how long are temp licenses good for
Answer: 180 days
>> how can you get temp license
Answer: agent disabled or dies, give to next in line
>> you can go inactive with insurance but you must not
Answer: go on to sell insurance
>> how long must you be out of duty for inactive
Answer: 2 years
>> go back active after 2 years?
Answer: notify super, pay 50 dollar fee
>> how can you get license taken away?
Answer: Fraud, fail to submit papers in time, misrep, felony
>> violate law
Answer: up to 25,000 fee with suspension
>> if you violate how long must you be out of business
Answer: 5 years
, >> what happens if you get a cease and desist
Answer: you must stop business and have hearing
>> how much is fine if you dont listen to cease and desist
Answer: 10,000
>> work without a license, what is fine?
Answer: 25-500, prison up to 6 months
>> unauthorized company fine?
Answer: 25-500, 6 months jail
>> violate rules
Answer: 25-500, 1 year jail time
>> if you don't file proper insurance documents?
Answer: 100-500 dollar fine
>> what happens if you have to have a hearing
Answer: notice before suspension, written or in newspaper
>> must want a what to avoid the hearing
Answer: consent agreement
>> if you are in ad/civil court you must notify super by
Answer: 30 days
>> if you are in criminal court you must notify super
Answer: immediately
COMPLETE 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
>> Financial Responsibility Law
Answer: drivers have proof that they have money to pay for accident where
they are at fault
>> fraud
Answer: lie planned to trick others and make it leave other value
>> insolvency
Answer: you can't pay your claim
>> mine subsidence
Answer: damage to house (only) by cave in collapse of mine
>> negotiate
Answer: talk with prospective client of set type of insurance about their
benefits
>> to negotiate you must be?
Answer: Licensed
>> sell
Answer: contract of insurance
>> solicit
,Answer: try to sell insurance of any type
>> a nonresident agent
Answer: does not live in Ohio
>> how can you be a nonresident agent
Answer: submit the right application, be in good standing, have resident
license
>> how long do you have to notify of an address change?
Answer: you have 30 days
>> when do you have to renew license by
Answer: every other year on or before the last day of your birthday month
>> how much is the fee to renew your license
Answer: the fee is 25 dollars
>> how many hours of CE courses do you have to have to renew
Answer: 24 hours, 3 ethics
>> who proves you took CE
Answer: you do
>> how do you get an extension on your renewal
Answer: military, disability, education
>> late renewal
Answer: within 2 months, pay 50 dollar late fee
,>> can you suspend license for nonrenewal
Answer: yes
>> if you want to change your insurance agent name you must do what first
Answer: notify the super of insurance
>> how long are temp licenses good for
Answer: 180 days
>> how can you get temp license
Answer: agent disabled or dies, give to next in line
>> you can go inactive with insurance but you must not
Answer: go on to sell insurance
>> how long must you be out of duty for inactive
Answer: 2 years
>> go back active after 2 years?
Answer: notify super, pay 50 dollar fee
>> how can you get license taken away?
Answer: Fraud, fail to submit papers in time, misrep, felony
>> violate law
Answer: up to 25,000 fee with suspension
>> if you violate how long must you be out of business
Answer: 5 years
, >> what happens if you get a cease and desist
Answer: you must stop business and have hearing
>> how much is fine if you dont listen to cease and desist
Answer: 10,000
>> work without a license, what is fine?
Answer: 25-500, prison up to 6 months
>> unauthorized company fine?
Answer: 25-500, 6 months jail
>> violate rules
Answer: 25-500, 1 year jail time
>> if you don't file proper insurance documents?
Answer: 100-500 dollar fine
>> what happens if you have to have a hearing
Answer: notice before suspension, written or in newspaper
>> must want a what to avoid the hearing
Answer: consent agreement
>> if you are in ad/civil court you must notify super by
Answer: 30 days
>> if you are in criminal court you must notify super
Answer: immediately
