State RegulationsOH specificDifficulty 3/5
An employer-owned life policy covering a retired Dayton employee is challenged after the employee dies. At what point is the employer's insurable interest tested under ORC 3911.091?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
ORC 3911.091 fixes insurable interest for employer-owned coverage as of the policy effective date — the employer need only establish the statutory conditions (written consent, disclosure, and the permitted employee classes) at that time; death or claim submission dates are irrelevant to the insurable-interest analysis.
Why the other options are wrong
- B) The date of death is not the measuring date; ORC 3911.091 tests insurable interest at the policy effective date.
- C) Claim submission does not trigger the insurable-interest test under ORC 3911.091.
- D) Beneficiary changes are not the statutory measuring point; the policy effective date controls under ORC 3911.091.
Memory hook
Insurable interest is a day-one test: the policy effective date locks it in, not death or claim.