Ohio Insurance Laws and Regulations Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Conquer the Ohio Insurance Laws and Regulations Exam with our comprehensive guide. Boost your confidence and knowledge to ace the exam on your first try!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

An example of an unfair claims settlement practice is?

  1. Providing clear and timely communication

  2. Failing to promptly provide reasonable explanations for the denial of claims

  3. Promptly paying claims once evidence is verified

  4. Acknowledging claim notifications promptly

The correct answer is: Failing to promptly provide reasonable explanations for the denial of claims

An example of an unfair claims settlement practice is failing to promptly provide reasonable explanations for the denial of claims. This means that the insurer is not properly communicating the reasons for denying a claim, which can be unfair to the policyholder. The other options are incorrect because they all involve prompt and clear communication, either through payment or explanation, which would not be considered an example of an unfair practice.

More Questions Like This