Ohio Insurance Law & Code
This chapter covers the Ohio statutes that protect policyowners and govern how policies are sold and serviced. It addresses the structure of the state code, required policy protections such as the free-look period, replacement rules, the guaranty association, and the grounds on which the regulator may discipline a license.
The Ohio Insurance Code
The substantive rules come from the Ohio insurance statutes (Title 39 of the Ohio Revised Code), supplemented by administrative regulations. These provisions define who may transact insurance in the state, the required and prohibited policy provisions, and the enforcement powers of the regulator. They are the Ohio-specific overlay on the national policy rules covered in the shared base material.
Free-Look and Required Policyowner Protections
Ohio requires life and health policies to include consumer protections such as a free-look (right-to-examine) period, during which the owner may return the policy for a full premium refund if not satisfied. The code also mandates grace periods, required policy provisions, and clear disclosures so consumers understand their coverage and can reconsider a purchase within the review window.
Replacement, the Guaranty Association, and Discipline
When new coverage replaces existing life insurance or annuities, Ohio replacement rules require notice, fair comparison, and documentation so the consumer is not harmed. The Ohio Life and Health Insurance Guaranty Association provides a statutory backstop, within dollar limits, if a member insurer becomes insolvent -- but producers may not advertise it to induce a sale. The code also lists grounds -- fraud, misrepresentation, misappropriating premiums, and code violations -- on which the regulator may suspend or revoke a license.
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State-specific details
State exam facts
- State regulator
- Ohio Department of Insurance
- Exam vendor
- PSI
- Prelicensing education
- 20 hours per line (40 hours combined life & health)
- Passing score
- 70%
Who regulates life & health insurance licensing in Ohio?
The Ohio Department of Insurance (ODI) licenses resident producers, approves prelicensing providers, and contracts with PSI Services as the state's exam vendor.
Does Ohio require prelicensing education for the life & health exam?
Yes. Ohio requires 20 hours of state-approved prelicensing education for each line of authority (40 hours for a combined life & health license). The certificate of completion is valid for 180 days.
How is the Ohio life & health exam administered?
The exam is delivered by PSI Services, and a score of 70% or higher is required to pass.
Sources: https://insurance.ohio.gov, https://www.psiexams.com/
In the Ohio Life & Health Insurance Producer Exam guide: A KEY CONCEPT box, a Common Traps list and a Check Yourself set closing each of the 9 national chapters. Practice here stays free.