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.

An agent is meeting with a client to determine whether an annuity would be suitable for purchase. Which of the following topics needs to be discussed with the client?

Financial objectives
Favorite color
Vacation plans
Favorite sports

The correct answer is: Financial objectives

Annuities are a financial product and as such, it is important for the agent to discuss the client's financial objectives to determine if an annuity would be a suitable purchase for them. This helps the agent understand the client's needs and goals, and make a recommendation based on their individual situation. B, C, and D are not relevant topics for this discussion and should not be discussed as they do not pertain to the purchasing of an annuity.