Ohio Insurance Laws and Regulations Practice Exam

Question: 1 / 400

An unauthorized insurer may place insurance business in Ohio through:

A broker

A direct agent

A surplus lines agent

An unauthorized insurer is an insurance company that is not licensed to do business in a particular state. In Ohio, an unauthorized insurer can place insurance business through a surplus lines agent. This is because a surplus lines agent is licensed to sell insurance from non-admitted insurers, which includes unauthorized insurers. A broker, direct agent, or consultant would not be able to place insurance business for an unauthorized insurer because they are only licensed to sell insurance from admitted insurers. Therefore, these options are incorrect for placing insurance business in Ohio for an unauthorized insurer.

Get further explanation with Examzify DeepDiveBeta

A consultant

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy