Ohio Insurance Laws and Regulations Practice Exam

Which of the following is NOT a specific power given to the superintendent?

1. Issue licenses

2. Conduct investigations

3. Enact insurance legislation

4. Impose fines

The correct answer is: Enact insurance legislation

The incorrect options are A, B, and D. These are all specific powers granted to the superintendent. Option A indicates that the superintendent can issue licenses, which means they have the authority to approve or deny licenses for various industries. Option B states that they can conduct investigations, giving them the power to gather evidence and enforce regulations. Option D states that they can impose fines, meaning they have the ability to punish individuals or companies for violating regulations. However, option C states that the superintendent can enact insurance legislation, which is incorrect. Enacting legislation is a general power granted to lawmakers, not specifically to the superintendent.