State RegulationsOH specificDifficulty 1/5
Under ORC 3916.02, what must a person obtain before selling, soliciting, or negotiating viatical settlement contracts in Ohio?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
ORC 3916.02 requires viatical settlement brokers to be licensed; the license granted through the Ohio Superintendent of Insurance is what gives authority to sell, solicit, or negotiate viatical settlement contracts in this state.
Why the other options are wrong
- A) Insurers do not issue broker authority; licensing runs through the Ohio Superintendent of Insurance under ORC 3916.02.
- C) Viatical settlement brokering is an insurance activity licensed under ORC 3916.02, not a federal securities registration.
- D) No physician waiver substitutes for the broker license required by ORC 3916.02.
Memory hook
No license, no viatical brokering: the superintendent's broker license is the door key.