Ohio Insurance Laws and Regulations Practice Exam

A buyer's guide must?

1. List all policyholders

2. Have its content approved by the superintendent

3. Only be provided on request

4. Include all state regulations

The correct answer is: Have its content approved by the superintendent

A buyer's guide must have its content approved by the superintendent because this ensures that the information provided in the guide is accurate and up-to-date. Option A is incorrect because a buyer's guide does not list policyholders, it provides information for potential policyholders. Option C is incorrect because a buyer's guide should be readily available to inform consumers, rather than only upon request. Option D is incorrect because while a buyer's guide should include relevant state regulations, it is not required to include ALL state regulations. Only option B directly addresses the importance of regulatory approval for a buyer's guide.