Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly As used in sections 3930.01 to 3930.18 of the Revised Code or in any rules adopted under such sections: (A) “Ohio commercial insurance joint underwriting association” means the nonprofit unincorporated joint underwriting association established under section 3930.03 of the Revised Code. (B) […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly (A) The Ohio commercial market assistance plan is hereby established to assist in the placement of commercial insurance risks located in this state. The plan shall operate under the auspices of the department of insurance and shall attempt to be self-supporting. If, […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly (A) The Ohio commercial insurance joint underwriting association is hereby created, consisting of all insurers authorized to write and engaged in writing within the state, on a direct basis, commercial insurance, including the liability component of commercial multi-peril insurance. Every such insurer […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly (A) An applicant shall be considered for the issuance of a policy of commercial insurance offered by the association if the applicant presents to the association evidence that the Ohio commercial market assistance plan was unable to assist the applicant in obtaining […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly All insurers that are members of the Ohio commercial insurance joint underwriting association shall participate in its writings, expenses, deficits, and losses in the proportion that the net direct premiums of each bears to the aggregate net direct premiums written in this […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly (A) There is hereby created a stabilization reserve fund. The fund, after payment of all expenses allocated to the fund’s operation, shall be available to reduce any deficit sustained in the operation of the Ohio commercial insurance joint underwriting association. (B) Each […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly (A) Upon a determination by the board of governors that the Ohio commercial insurance joint underwriting association will be unable to pay its incurred obligations in any class of commercial insurance, the board shall certify to the superintendent of insurance the existence […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly In the event that sufficient funds are not available, from mechanisms provided for in sections 3930.04, 3930.06, and 3930.07 of the Revised Code, for the sound financial operation of the Ohio commercial insurance joint underwriting association, all members shall contribute to the […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly Any insurer or other person aggrieved by any action or decision of the Ohio commercial insurance joint underwriting association, or of any insurer as a result of its participation therein, may appeal to the board of governors. The decision of the board […]
Effective: January 1, 2021 Latest Legislation: House Bill 339 – 133rd General Assembly There shall be no liability imposed on the part of and no cause of action of any nature arises against the Ohio commercial insurance joint underwriting association, its members, board of governors, agents, or employees, an insurer or its employees, any licensed […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly The Ohio commercial insurance joint underwriting association shall file in the office of the superintendent of insurance, annually on or before the first day of March, a statement that shall contain information with respect to its transactions, conditions, operations, and affairs during […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly The superintendent of insurance or any person designated by him may at any time visit and examine the operation and experience of the association and shall have free access to all the books, records, files, papers, and documents that relate to the […]
Effective: August 8, 1991 Latest Legislation: Senate Bill 137 – 119th General Assembly The Ohio commercial insurance joint underwriting association shall be subject to examination by the superintendent of insurance in accordance with section 3901.07 of the Revised Code. Section 3901.07 of the Revised Code shall govern every aspect of the examination, including the circumstances […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly The Ohio commercial insurance joint underwriting association is exempt from all license fees, and income, franchise, premium, and privilege taxes levied or assessed by this state or any political subdivision.
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly A commercial insurance policy written by, or on behalf of, the Ohio commercial insurance joint underwriting association under the authority of sections 3930.01 to 3930.18 of the Revised Code may be canceled for reasons established by section 3937.25 of the Revised Code.
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly The board of governors of the Ohio commercial insurance joint underwriting association shall adopt a written program for decreasing the overall utilization of the association as a source of insurance. The program shall set forth actions that the board shall take to […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly (A) The superintendent of insurance shall adopt rules pursuant to Chapter 119. of the Revised Code to do all of the following: (1) Establish standards and procedures for the fair and equitable cessation of operations for any class of commercial insurance when […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly The Ohio commercial insurance joint underwriting association shall not be a member insurer of the Ohio insurance guaranty association under Chapter 3955. of the Revised Code.
