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(A) Purpose. The purpose of this rule is to set forth uniform minimum standards for the investigation and disposition of property and casualty claims arising under insurance contracts or certificates issued to residents of Ohio.
(1) Whenever an insurance company or any individual or firm connected therewith, subject to the regulation and jurisdiction of the department of insurance, is required to give public notice by any section of the Revised Code of Ohio, in which the method and content of notice are not set forth with particularity, such public notice shall be ...
What Is the Ohio Matching Law for Insurance Claims? Ohio Admin. Code 3901-1-54(I)(1)(b) requires that, when an insurance company replaces damaged items that might not match the existing items on the property, they must replace enough of the item to ensure a “reasonably comparable appearance.”
This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and universities.
Unfair property/casualty claims settlement practices., OAC Ann. 3901-1-54. Summary. (A)Purpose. The purpose of this rule is to set forth uniform minimum standards for the investigation and disposition of property and casualty claims arising under insurance contracts or certificates issued to residents of Ohio.
Rule 3901-1-54 sets forth uniform minimum standards for the investigation and disposition of property and casualty claims arising under insurance contracts or certificates issued to residents of Ohio by defining procedures and practices which constitute unfair claims practices.
Rule Number: 3901-1-54 Rule Type: Amendment Rule Title/Tagline: Unfair property/casualty claims selement pracces. Agency Name: Department of Insurance Division: Address: 50 W Town Street Suite 300 Columbus OH 43215 Contact: Tina Chubb Phone: (614) 728-1044 Email: Tina.Chubb@insurance.ohio.gov I. Rule Summary 1. Is this a five year rule review ...
3901-1-54 Rule Number NO CHANGE TYPE of rule filing Rule Title/Tag Line Unfair property/casualty claims settlement practices. RULE SUMMARY 1. Is the rule being filed consistent with the requirements of the RC 119.032 review? Yes 2. Are you proposing this rule as a result of recent legislation? No 3. Statute prescribing the procedure in
Ohio Administrative Code (Last Updated: January 12, 2021) 3901 Department of Insurance: Chapter3901-1. General Provisions: Chapter3901-1. General Provisions . ... 3901-1-54. Unfair property/casualty claims settlement practices: 3901-1-55. Use of Credit history and credit scores: 3901-1-56. Coordination of benefits. [RESCINDED]
The Ohio Administrative Code 3901-1-54 (I) (1) (b) requires: The issue whether matching of undamaged property is covered may come down to what constitutes a “reasonably comparable appearance.” This coverage ensures your client’s home keeps that curb appeal after a loss.