Ace the Ohio Insurance Laws Test 2025 – Master the Rules and Rule Your Future!

Question: 1 / 400

What does the Ohio Life and Health Insurance Guaranty Association provide?

Loans to insureds

Protection to insureds from financially insolvent insurers

The Ohio Life and Health Insurance Guaranty Association provides protection to insureds from financially insolvent insurers. This means that in the event an insurance company becomes financially insolvent and is unable to fulfill their financial obligations to policyholders, the Guaranty Association will step in to provide coverage and protect the insured individuals. The other options, such as loans to insureds, tax benefits on premiums, and investment advice, are not services that are typically provided by Guaranty Associations.

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Tax benefits on premiums

Investment advice

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