Practice test

Ohio Insurance Practice Test

Free Ohio insurance practice test with 20 questions on life and health insurance, property and casualty insurance, general regulations, and ODI licensing. Instant scoring.

These questions are for study practice only and are not official exam questions.

Question 1

1

In a whole life insurance policy, what does the 'cash value' component represent?

Question 2

2

In health insurance, what is a 'deductible'?

Question 3

3

What does a 'grace period' provision in a life or health insurance policy allow?

Question 4

4

In Ohio, how long is an insurance prelicensing completion certificate valid before the candidate must sit for the exam?

Question 5

5

Which testing vendor administers Ohio insurance producer licensing exams?

Question 6

6

In Ohio, which two lines of authority can be combined into a single PSI exam sitting, according to the Ohio Department of Insurance?

Question 7

7

In Ohio, which additional lines of authority require no prelicensing education before the exam?

Question 8

8

In Ohio, what is the late renewal fee for an insurance producer license within the first month after expiration?

Question 9

9

What is the purpose of a beneficiary designation on a life insurance policy?

Question 10

10

In Ohio, how many hours of ODI-approved prelicensing education are required per line of authority for a resident producer?

Question 11

11

In auto insurance, what does 'collision coverage' pay for?

Question 12

12

In Ohio, which state agency regulates insurance producers and issues insurance licenses?

Question 13

13

What is the purpose of an umbrella liability policy?

Question 14

14

What is the general purpose of an insurable interest requirement in an insurance contract?

Question 15

15

What does a standard homeowners insurance policy's liability coverage protect against?

Question 16

16

How often must an Ohio resident insurance producer license be renewed?

Question 17

17

In Ohio, what is the primary purpose of a term life insurance policy?

Question 18

18

What is the general purpose of state insurance regulation of policy forms and rates?

Question 19

19

What is the purpose of the incontestability clause in a life insurance policy?

Question 20

20

What is the purpose of the 'principle of indemnity' in property and casualty insurance?

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