Ohio Insurance Laws and Regulations Practice Exam

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Prepare for the Ohio Insurance Laws and Regulations Exam. Dive into essential topics with detailed practice questions designed to enhance your knowledge and readiness. Ace your exam and ensure your success in the insurance field!

Practice this question and more.

A company that is authorized by the superintendent to transact insurance business in Ohio is called?

Authorized insurer
Registered insurer
Certified insurer
Licensed insurer

The correct answer is: Authorized insurer

An authorized insurer in Ohio is a company that has been given approval by the state superintendent to conduct insurance business. This term is legally defined in Ohio's insurance code, which means that the other options, including registered, certified, and licensed insurers, are not accurate descriptions of a company that has been given this specific authorization. Therefore, option A is the only correct choice in this context.