The purposes of sections 3929.41 to 3929.49 of the Revised Code are to:
(A) Assure stability in the property insurance market for property located in urban areas of the state;
(B) Assure the availability of basic property insurance as defined by sections 3929.41 to 3929.49 of the Revised Code;
(C) Assure the availability, at the option of the applicant, of homeowners insurance as defined in division (B) of section 3929.42 of the Revised Code;
(D) Encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by authorized insurers;
(E) Provide for the equitable distribution among authorized insurers of the responsibility for insuring eligible property, for which basic property insurance cannot be obtained through the normal insurance market;
(F) Authorize the establishment of a fair plan (fair access to insurance requirements), and the Ohio fair plan underwriting association.
Effective Date: 07-18-1980
Section: Previous 3929.31 3929.32 3929.33 3929.34 3929.35 3929.36 3929.37 3929.41 3929.42 3929.43 3929.44 3929.45 3929.46 3929.47 3929.48 NextLast modified: October 10, 2016