CORRECT DETAILED ANSWERS | LATEST UPDATE
(2026/2027) | ALREADY GRADED A+
Presenting any information to the public that is false or untrue, deceptive or misleading is: -
CORRECT ANSWER -A - Unfair Trade Practice
B - Misrepresentation and false advertising
To meet requirements, those who apply for a Surety bail License must: - CORRECT ANSWER -
Must submit to a written examination.
An Insurance license is considered inactive when the fees are paid but: - CORRECT ANSWER -
License is null and void
Which statement is true of Build-Up Funds? - CORRECT ANSWER -The fund shall not exceed
forty percent of the premium.
A Surety Bail Bond Agent cannot deliver and execute a bond for how many days after the license
is initially issued? - CORRECT ANSWER -180 days
An Insurance license is considered inactive when the fees are paid but: - CORRECT ANSWER -
License is null and void
A non-admitted insurer is a/an - CORRECT ANSWER -A - Domestic Insurer
B - Alien Insurer
C - Foreign Insurer
, The Director of the Department of Insurance has the following duties except - CORRECT
ANSWER -Setting insurance rates
A Surety Bail Bond Agent has how many days to report to the Department of Insurance any
convictions or crimes other than minor traffic offenses? - CORRECT ANSWER -30 days
How much continuing education must a Surety Bail Agent complete? - CORRECT ANSWER -7
hours every year
Engaging in any fraudulent or dishonest or coercive practice in connection with the business of
Insurance is a crime in the State of Ohio, if this crime crosses state lines, where will the parties
be
prosecuted? - CORRECT ANSWER -Federal court
If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he may - CORRECT
ANSWER -A - Order the insurer, agent, or agency to pay expenses incurred by the Director for
the investigation.
B - Order the person or company to cease and desist
C - Suspend or revoke their license
What are the requirements for a person to apply for a Surety Bail license? - CORRECT ANSWER -
Be a person of high character and integrity.
Who is responsible to show proof that the continuing education has been completed? -
CORRECT ANSWER -The Individual Licensee
To transact surety business in the State of Ohio, the Ohio Department of Insurance must issue -
CORRECT ANSWER -Certificate of authority