Ohio § 3933.04 Sellers of real estate and personal property may require purchase of insurance from particular company

Ohio Statutes

§ 3933.04 — Sellers of real estate and personal property may require purchase of insurance from particular company

Ohio § 3933.04

Title 39Insurance

Ch. 3933Rebates And Special Advantages

This text of Ohio § 3933.04 (Sellers of real estate and personal property may require purchase of insurance from particular company) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3933.04 (2026).

Text

No person, firm, or corporation engaged in selling real or personal property,  and no trustee, director, officer, agent, or other employee of any such person, firm, or corporation, shall require, as a condition precedent to the sale of such property,  that the person, firm, or corporation purchasing  the property negotiate any policy of insurance or renewal thereof covering  the property through a particular insurance company, agent, solicitor, or broker. This section does not prevent the exercise by any person, firm, or corporation of its right to designate minimum standards as to the company, the terms and provisions of the policy, and the adequacy of the coverage with respect to insurance on property pledged or mortgaged to  the person, firm, or corporation.

The superintendent of insur

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No person, firm, or corporation engaged in selling real or personal property, and no trustee, director, officer, agent, or other employee of any such person, firm, or corporation, shall require, as a condition precedent to the sale of such property, that the person, firm, or corporation purchasing the property negotiate any policy of insurance or renewal thereof covering the property through a particular insurance company, agent, solicitor, or broker. This section does not prevent the exercise by any person, firm, or corporation of its right to designate minimum standards as to the company, the terms and provisions of the policy, and the adequacy of the coverage with respect to insurance on property pledged or mortgaged to the person, firm, or corporation.

The superintendent of insurance shall, in accordance with Chapter 119. of the Revised Code, revoke the insurance license of any person, appointee, agent, solicitor, or broker that violates this section.