Ohio Insurance Laws and Regulations Practice Test – Exam Prep & Study Guide

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How often must every admitted insurance company in Ohio have their financial affairs examined by the superintendent?

Every 2 years

Every 3 years

Insurance companies in Ohio must have their financial affairs examined by the superintendent every 3 years. This is to ensure that the company is following proper financial practices and to protect policyholders. Options A, C, and D are incorrect because they either have too short or too long of an interval for examinations, which could put policyholders at risk or be too burdensome for insurance companies.

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Every 5 years

Every 10 years

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