Ohio Insurance Laws and Regulations Practice Exam

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An unauthorized insurer may place insurance business in Ohio through:

  1. A broker

  2. A direct agent

  3. A surplus lines agent

  4. A consultant

The correct answer is: 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.

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