Ohio Surety Bail Agent Practice Exam

Under which revised code can the superintendent of insurance resolve issues lacking administrative procedures?

1. Chapter 1753

2. Chapter 2721

3. Chapter 119

4. Chapter 3905

The correct answer is: Chapter 2721

The correct choice is rooted in the role that Chapter 2721 of the Ohio Revised Code plays regarding the powers and responsibilities of the superintendent of insurance. This chapter pertains to the authority granted to the superintendent, allowing them to address administrative matters that do not have established procedures outlined in other codes. By granting this authority, Chapter 2721 ensures that the superintendent can effectively resolve issues and enforce regulations even in situations where specific administrative procedures are absent. This means that when the superintendent encounters a scenario that lacks clear guidance or protocol, Chapter 2721 provides a framework for making decisions and implementing solutions, thereby promoting efficiency and consistency within the insurance regulatory process. This is critical in maintaining order in the industry and ensuring that all stakeholders are treated fairly under the law. The other chapters mentioned in the question do not specifically give the superintendent of insurance the same comprehensive authority to resolve matters without explicit administrative procedures, which is why Chapter 2721 is the correct choice. Chapters like 1753 or 3905 focus on specific areas within insurance regulation but do not cover the broader administrative authority that Chapter 2721 provides.