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Ohio auto insurance requirements are referred to as the 25/50/25 rule. This means that drivers are required to maintain the following levels of coverage: $25,000 in bodily injury liability ...
Ohio law requires all drivers to carry minimum levels of liability car insurance coverage, including: $25,000 per person in bodily injury liability. $50,000 per accident in bodily injury liability ...
The Ohio Department of Insurance was established on March 12, 1872. It was created under the authority of section 121.02 of the Ohio Revised Code (ORC) and is administered by the Director of Insurance. Insurance companies operating in the state of Ohio are subject to regulation under Title 39; and depending upon the entity of the organization ...
Until 1956, when the New York legislature passed their compulsory insurance law, Massachusetts was the only state in the U.S. that required drivers to get insurance before registration. North Carolina followed suit in 1957 and then in the 1960s and 1970s numerous other states passed similar compulsory insurance laws.
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is ...
McCarran–Ferguson Act. The McCarran–Ferguson Act, 15 U.S.C. §§ 1011-1015, is a United States federal law that exempts the business of insurance from most federal regulation, including federal antitrust laws to a limited extent. The 79th Congress passed the McCarran–Ferguson Act in 1945 after the Supreme Court ruled in United States v.
The insurance company will ordinarily pay the judgment, up to the policy limits, once a court determines that an uninsured motorist was at fault. Some states' laws also allow additional insurance coverage to the insured policyholder through policy stacking provisions, whereby a claim may be made against multiple uninsured motorist policies.
The Union City couple in February 2023 filed a Randolph Circuit Court lawsuit against Harlow and his insurance carrier, Erie Insurance Exchange. That case is still pending. Douglas Walker is a ...