Ohio Insurance Laws and Regulations Practice Exam

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An agent's appointment may only be terminated by the?

Insurer
Policyholder
State Commissioner
Beneficiary

The correct answer is: Insurer

The insurance agent is appointed by the insurance company (insurer) and thus, is only authorized to act on the company's behalf. This means that only the insurance company (insurer) has the power to terminate the agent's appointment. The policyholder, state commissioner, and beneficiary do not have the authority to terminate the agent's appointment.