Ohio Insurance Laws and Regulations Practice Exam

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Study for the Ohio Insurance Laws and Regulations Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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Which of the following is NOT a specific power given to the superintendent?

  1. Issue licenses

  2. Conduct investigations

  3. Enact insurance legislation

  4. Impose fines

The correct answer is: Enact insurance legislation

The incorrect options are A, B, and D. These are all specific powers granted to the superintendent. Option A indicates that the superintendent can issue licenses, which means they have the authority to approve or deny licenses for various industries. Option B states that they can conduct investigations, giving them the power to gather evidence and enforce regulations. Option D states that they can impose fines, meaning they have the ability to punish individuals or companies for violating regulations. However, option C states that the superintendent can enact insurance legislation, which is incorrect. Enacting legislation is a general power granted to lawmakers, not specifically to the superintendent.

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