Ohio Insurance Laws and Regulations Practice Exam

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Under what condition may an agent's license be suspended or revoked?

  1. Without any prior notice

  2. If the agent fails to meet sales targets

  3. Has been afforded a right to a hearing

  4. For refusal to sell certain policies

The correct answer is: Has been afforded a right to a hearing

An agent's license may be suspended or revoked if they have been afforded a right to a hearing. This means that a formal process has taken place, where the agent has had the opportunity to present their case and defend themselves. Options A, B, and D are incorrect because an agent's license cannot be revoked without any notice, and it cannot be revoked for failure to meet sales targets or for refusing to sell certain policies. These actions may result in disciplinary action, but the revocation of a license requires a formal process.

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