OHIO PROPERTY AND CASUALTY EXAM 2026
STUDY GUIDE COMPLETE INSURANCE
PRINCIPLES AND PRACTICE QUESTIONS
◉ 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
STUDY GUIDE COMPLETE INSURANCE
PRINCIPLES AND PRACTICE QUESTIONS
◉ 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
