State RegulationsOH specificDifficulty 1/5
Under ORC 3905.02, which of the following activities constitutes transacting insurance in Ohio?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
ORC 3905.02, read with ORC 3905.42, defines transacting insurance to include selling, soliciting, or negotiating insurance, and ORC 3901.17 frames the insurance-transaction activities subject to state oversight. Negotiating policy terms with an applicant sits at the core of that definition, so it requires a producer license.
Why the other options are wrong
- B) Maintaining an agency's office involves no selling, soliciting, or negotiating and is not an insurance transaction under ORC 3905.02.
- C) Generic educational material naming no product involves no solicitation or negotiation of insurance.
- D) Bookkeeping is clerical support; the transaction definition in ORC 3905.02 reaches the insurance functions, not back-office tasks.
Memory hook
Sell, solicit, or negotiate — you are in the business.