OHIO PROPERTY AND CASUALTY EXAM 2026
EXAM PREPARATION PACK KEY POLICY
COVERAGES AND CLAIMS HANDLING WITH
SAMPLE QUESTIONS
◉ who can you share commission with. Answer: someone who is
licensed in the same type of insurance as you
◉ how many days do you have to file for loss papers. Answer: 60
days
◉ how much of a fee do you have to pay per agent yearly. Answer: 15
dollars
◉ rebate. Answer: give money to prospective client to encourage
them to go with your service
◉ what is the largest fine someone may have. Answer: 25,000
◉ when can't you have the consumer fee. Answer: if you are doing
regular insurance business
,◉ secretary will look through insurance company every?. Answer: 3-
5 years
◉ do they have to ask for your rights for fair credit reporting.
Answer: yes
◉ if you commit fraud/ make false statement, what is prision time.
Answer: 10 years
◉ insolvency prison time. Answer: 15 years
◉ when secretary needs to who may step in from government for
case. Answer: attorney general
◉ do not call list is updated every. Answer: 30 days
◉ your name is off dnc list after. Answer: 5 years
◉ cancellation provision. Answer: don't pay premium, fraud, hazard
◉ controlled business. Answer: with family or relation, you power it
◉ how much of a notice do you get if policy cancels. Answer: 30 days
,◉ how many insurance companies must deny you for you to get ohio
fair plan. Answer: 2 companies
◉ ohio fair plan means. Answer: basic property you paid taxes on
◉ terrorism insurance must be how much. Answer: 5 million
◉ how much damage until government pays all. Answer: 100 billion
◉ if you have to replace car of insurance. Answer: must be same
model and type, they must inspect
◉ assigned risk plan. Answer: anyone authorized can give insurance,
they can't cancel- good for three years
◉ what happens if you don't have your insurance card when asked?.
Answer: 90 day suspension and reinstatment fee
◉ two types of workers comp. Answer: self insurance and regular
◉ for self insurance of workers comp business must have how many
people. Answer: 500
, ◉ contract. Answer: legal agreement between two parties
◉ adhesion. Answer: ambugity in contract, always favors the client
◉ agency. Answer: boss and agent
◉ agency system. Answer: set of agents
◉ binder. Answer: legal contract immediately temp coverage for
temp need
◉ binding authority. Answer: legal contract to give binders
◉ broker. Answer: rep insuraed to give contracts, indep. agent
◉ conditional. Answer: as if....then
◉ estoppet. Answer: waive a set right you cannot get it back
◉ fiduciary. Answer: role of you put the trust and confidence in
another person
EXAM PREPARATION PACK KEY POLICY
COVERAGES AND CLAIMS HANDLING WITH
SAMPLE QUESTIONS
◉ who can you share commission with. Answer: someone who is
licensed in the same type of insurance as you
◉ how many days do you have to file for loss papers. Answer: 60
days
◉ how much of a fee do you have to pay per agent yearly. Answer: 15
dollars
◉ rebate. Answer: give money to prospective client to encourage
them to go with your service
◉ what is the largest fine someone may have. Answer: 25,000
◉ when can't you have the consumer fee. Answer: if you are doing
regular insurance business
,◉ secretary will look through insurance company every?. Answer: 3-
5 years
◉ do they have to ask for your rights for fair credit reporting.
Answer: yes
◉ if you commit fraud/ make false statement, what is prision time.
Answer: 10 years
◉ insolvency prison time. Answer: 15 years
◉ when secretary needs to who may step in from government for
case. Answer: attorney general
◉ do not call list is updated every. Answer: 30 days
◉ your name is off dnc list after. Answer: 5 years
◉ cancellation provision. Answer: don't pay premium, fraud, hazard
◉ controlled business. Answer: with family or relation, you power it
◉ how much of a notice do you get if policy cancels. Answer: 30 days
,◉ how many insurance companies must deny you for you to get ohio
fair plan. Answer: 2 companies
◉ ohio fair plan means. Answer: basic property you paid taxes on
◉ terrorism insurance must be how much. Answer: 5 million
◉ how much damage until government pays all. Answer: 100 billion
◉ if you have to replace car of insurance. Answer: must be same
model and type, they must inspect
◉ assigned risk plan. Answer: anyone authorized can give insurance,
they can't cancel- good for three years
◉ what happens if you don't have your insurance card when asked?.
Answer: 90 day suspension and reinstatment fee
◉ two types of workers comp. Answer: self insurance and regular
◉ for self insurance of workers comp business must have how many
people. Answer: 500
, ◉ contract. Answer: legal agreement between two parties
◉ adhesion. Answer: ambugity in contract, always favors the client
◉ agency. Answer: boss and agent
◉ agency system. Answer: set of agents
◉ binder. Answer: legal contract immediately temp coverage for
temp need
◉ binding authority. Answer: legal contract to give binders
◉ broker. Answer: rep insuraed to give contracts, indep. agent
◉ conditional. Answer: as if....then
◉ estoppet. Answer: waive a set right you cannot get it back
◉ fiduciary. Answer: role of you put the trust and confidence in
another person
