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Current as of January 01, 2024 | Updated by Findlaw Staff
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) “Commercial insurance” means any line of commercial casualty, commercial property, or commercial liability insurance except workers' compensation, medical malpractice, pollution liability, environmental impairment liability, fidelity and surety, sickness and accident, or coverages available through involuntary market mechanisms. “Commercial insurance” does not include farmowners insurance policies.
(C) “Net direct premiums” means gross direct premiums written on commercial insurance including the liability component of commercial multi-peril package policies as computed by the superintendent of insurance less return premiums or the unused or unabsorbed portions of premium deposits.
(D) “Ohio commercial market assistance plan” means the mechanism created to respond to assist commercial insurance buyers in Ohio in obtaining difficult-to-place commercial insurance coverages.
Cite this article: FindLaw.com - Ohio Revised Code Title XXXIX. Insurance § 3930.01 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xxxix-insurance/oh-rev-code-sect-3930-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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