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!

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

  1. Every 2 years

  2. Every 3 years

  3. Every 5 years

  4. Every 10 years

The correct answer is: 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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