OH Public Adjuster Practice Questions - Ohio Public Adjuster Exam

In Ohio, what is the role of a 'lending institution' as it relates to the public insurance adjuster statute?

Lending institutions are always required to be licensed as public adjusters Lending institutions as defined in ORC 3951.01(A) are exempt from the public adjuster statute if they meet certain conditions Lending institutions must hire public adjusters for all insurance claims Lending institutions act as regulators of public adjusters

Correct Answer:

Lending institutions as defined in ORC 3951.01(A) are exempt from the public adjuster statute if they meet certain conditions

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