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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 ...
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 ...
In Ohio, we have the Ohio Attorney General’s Office to educate about consumer protection and to investigate fraud. There are other offices and departments that can handle specific types of ...
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 Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
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.
Insurance regulatory law. Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as ...
A fine of up to $150 and two points on your license for the first offense. A fine of up to $250 and three points on your license for a second offense within two years. A fine of up to $500, four ...