§ 3905.31 — Prohibitions

Ohio § 3905.31

• Jurisdiction: Ohio
• Title 39: Insurance
• Ch. 3905: Insurance Producers Licensing Act

Text

(A) No person not licensed under section3905.30of the Revised Code shall take or receive any application for such insurance upon property or persons in this state, or receive or collect a premium or any part thereof for any unauthorized insurance company, or attempt or assist in any such act, or perform any act in this state concerning any policy or contract of insurance of any unauthorized insurance company provided that any duly licensed property and casualty agent may place business with an agent licensed under section3905.30of the Revised Code and may accept compensation therefor, if such insurance is written in conformity with the insurance laws of this state.

(B) This section does not apply to any selling, soliciting, or negotiating of unauthorized insurance by a surplus lines broker that takes place in an insured's home state if the home state of the insured is a state other than this state.

(C) This section does not apply to those engaged in the act of adjusting claims or losses in connection with any policy of insurance written under the provisions of sections3905.30to3905.35of the Revised Code.

Legislative History

Effective: June 17, 2011 | Latest Legislation: House Bill 122 - 129th General Assembly