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!

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.

Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. What is this considered?

Illegal activity
Nonresident agent
Dual agency
Broker activity

The correct answer is: Nonresident agent

Carole is considered to be a nonresident agent because she is licensed in Michigan and performing insurance transactions in Ohio. Option A, illegal activity, is incorrect as it is not illegal for Carole to transact insurance in Ohio while residing in Michigan. Option C, dual agency, and Option D, broker activity, are also incorrect as they refer to different types of agency roles that do not apply in this situation. Option B is the most accurate answer because Carole is acting as an agent in a state where she is not a resident.