Ohio Insurance Laws and Regulations Practice Exam

Which of the following is NOT a responsibility of the superintendent?

1. Endorsing insurers

2. Regulating claims

3. Licensing agents

4. Ensuring compliance with laws

The correct answer is: Endorsing insurers

The other options are incorrect because they all fall under the responsibilities of the superintendent of an insurance company. Option B involves regulating the process of filing and processing insurance claims, which is an important function in ensuring smooth operations. Option C involves licensing agents to sell insurance policies and ensuring that they are qualified and knowledgeable. Option D involves overseeing and enforcing compliance with laws and regulations related to insurance policies and protecting consumers. These responsibilities are all crucial in upholding the integrity and effectiveness of the insurance industry, but endorsing insurers is not one of them. Instead, this task may fall under the responsibilities of the insurance companies themselves.