3901-1-18 Ohio fair plan - plan of operation.

 

 

 

STATE OF OHIO DEPARTMENT OF INSURANCE

50 West Town Street, 3rd Floor, Suite 300 Columbus, Ohio 43215

 

IN THE MATTER OF PUBLIC                                :

HEARING FOR THE AMENDMENT OF              : NOTICE OF PUBLIC HEARING OHIO ADMINISTRATIVE CODE     :

SECTION 3901-1-18                                                 :

 

 

Pursuant to section 119.03 of the Ohio Revised Code, the Superintendent of Insurance, State of Ohio, will hold a public hearing at 9:00 a.m., on Monday, February 29, 2016 at the Ohio Department of Insurance, Public Hearing Room, 50 West Town Street, 3rd Floor, Suite 300, Columbus, Ohio, to consider the amendment of Ohio Administrative Code section 3901-1-18 Ohio fair plan - plan of operation.

 

The purpose of rule 3901-1-18 is for adoption by the superintendent of a plan of operation submitted by the board of governors of the "Ohio Fair Plan Underwriting Association". The plan of operation has been formulated for the purpose of making basic property and homeowners' insurance coverage, as identified in section 3929.42 of the Revised Code, available for qualified property owned by persons who have been unable to secure such insurance in the normal insurance market.

 

The reason for amending rule 3901-1-18 is to allow commission to be paid to non-resident business entity agents for assistance provided by a resident agent affiliated with that non- resident business entity agent.

 

Requests for copies of the rule should be addressed to Tina Chubb, Ohio Department of Insurance, 50 West Town Street, 3rd Floor, Suite 300 Columbus, Ohio 43215, or the proposed rule can be viewed online at www.insurance.ohio.gov.

 

 

Darcy A. Moulin, Staff Attorney

3901-1-18