State RegulationsOH specificDifficulty 1/5
When an Ohio insurer terminates a producer's appointment, the insurer must notify the Superintendent of the termination within:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
ORC 3905.21 requires an insurer to notify the Superintendent within 30 days after terminating a producer's appointment. The reporting keeps the Ohio Department of Insurance's records aligned with who is actually authorized to represent each insurer, which matters because commissions may not be paid to unappointed producers and consumers rely on the accuracy of the appointment record.
Why the other options are wrong
- B) 15 days is not the statutory period; the termination notice is due within 30 days.
- C) 60 days doubles the statutory deadline and would leave the appointment record inaccurate for too long.
- D) A 6-month window is far beyond the 30-day requirement under ORC 3905.21.
Memory hook
Terminated? The insurer reports it to the Superintendent within 30 days.