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   Insurance

Enacted in the 125th Ohio General Assembly - 2003-2004
Current through the end of the 125th General Assembly

Listed below are the insurance-related bills that have been enacted in the 125th Ohio General Assembly which opened in January 2003 and adjourned in December 2004. Where available we include links to the actual legislation and analyses from the Ohio Legislative Service Commission. The bills are listed by number from the most recently introduced to the earliest with House bills listed first, followed by Senate bills.

Insurance & Banking Legislation Pending and Enacted in the 128th General Assembly 2009-2010

Insurance, Banking & Financial Services Legislation Pending and Enacted in the 127th General Assembly 2007-2008

Insurance Legislation Enacted in the 126th General Assembly 2005-2006

Go to Senate bills


H.B. 425 - Mine Subsidence
Sponsored by Representative J. Stewart (R-Athens)

Removes the current limits on mine subsidence coverage and changes provisions governing deductibles, removes the cap on the amount of reinsurance coverage that the mine subsidence underwriting association may offer, ends the annual distribution of excess moneys in the mine subsidence insurance fund to policyholders, permits a representative to be elected to the mine insurance governing board without a meeting of the members, and specifies the Ohio counties in which mine subsidence insurance must be offered in connection with property and homeowners insurance.

Effective: April 27, 2005

Final analysis from the Ohio Legislative Service Commission


H.B. 331 - Mammography Screening
Sponsored by Representative Jean Schmidt (R-Loveland)

Raises the cap on the amount of benefits health care plans may provide for the expense of screening mammographies, an examination that the plans are required to cover, and provides for the annual adjustment of this cap to reflect inflation.

Effective: December 24, 2004
Certain sections effective March 22, 2005

Final analysis from the Ohio Legislative Service Commission


H.B. 311 - Prescription Drugs
Sponsored by Representative John Hagan (R-Alliance)

Creates the Ohio's Best Rx Program.

Effective: December 18, 2004

Final analysis from the Ohio Legislative Service Commission


H.B. 301 - Insurance Liens
Sponsored by Representative Anthony Core (R-Rushsylvania)

Limits the duration of a mutual insurance company's lien on property it insures to five years from the date of filing.

Effective July 14, 2004

Final analysis from the Ohio Legislative Service Commission


H.B. 282 - Insolvent Insurance Companies
Sponsored by Representative Larry Flowers (R-Canal Winchester)

Lengthens the time period during which the liquidator of an insolvent insurance company may void certain preferential transfers of property by the company to a creditor. Also creates a Medical Liability Underwriting Association.

Effective: April 12, 2004

Final analysis from the Ohio Legislative Service Commission


H.B. 281 - Health Insuring Corporations
Sponsored by Representative Earl Martin (R)

Changes the assets that are considered to be admitted assets for purposes of meeting the statutory minimum for health insuring corporations, provides for criminal and financial penalties for persons establishing or operating unlicensed insurers, and amends provisions governing the issuance of certificates of compliance to insurers.

Effective: July 2, 2004

Final analysis from the Ohio Legislative Service Commission


H.B. 185 - Long Term Care Insurance
Sponsored by Representative Jean Schmidt (R-Loveland)

Permits the state and political subdivisions to pay some or all of the premium for their employees’ long-term care insurance.

Effective: August 31, 2004

Final analysis from the Ohio Legislative Service Commission


H.B. 139 - Financial Responsibility Law
Sponsored by Representative Geoffrey Smith (R)

Specifies that policies under the Financial Responsibility Law remain subject to their terms and conditions.

Effective: February 12, 2004

Final analysis from the Ohio Legislative Service Commission


H.B. 137 - Foreign Insurance Companies
Sponsored by Representative Geoffrey Smith (R)

Relative to the appointment of agents by foreign insurance companies doing business in Ohio.

Effective: October 29, 2003

Final analysis from the Ohio Legislative Service Commission


S.B. 187 - Deferred Annuities
Sponsored by Senator Scott Nein (R-Middletown)

Adopts a new formula for determining the minimum nonforfeiture value of an individual deferred annuity, requires insurance companies to obtain the Superintendent of Insurance's approval prior to deferring the payment of a cash surrender benefit, prohibits the delivery or use of an annuity contract and its related endorsements for thirty days after the form of the contract or endorsement is filed with the Superintendent, unless earlier approved by the Superintendent, to allow immediate appeals of final orders of courts pertaining to the constitutionality of provisions of Am. Sub. S.B. 281 of the 124th General Assembly, and differentiates provisions for the cancellation, termination, and nonrenewal of policies of medical malpractice insurance from those provisions regulating other policies of insurance, and to amend the version of section 3915.073 of the Revised Code as results from this act two years after the act's effective date.

Effective September 13, 2004
Certain sections September 13, 2006

Final analysis from the Ohio Legislative Service Commission


S.B. 43 - Prescription Drug ID Card
Sponsored by Senator Robert Spada (R)

Requires health care plans providing prescription drug benefits to use a standardized identification card or other standardized technology in the processing of claims.

Effective October 13, 2005
Certain provisions effective October 13, 2004

Final analysis from the Ohio Legislative Service Commission

 

 

 

Highlights

The Ohio Department of Development’s Office of Insurance and Financial Development has unveiled a Strategic Plan for the state's insurance industry
A Strategic Plan for Ohio's Insurance Industry

An article from the Federation of Regulatory Counsel Quarterly Journal on the NAIC Model Audit Rule as applied to insurance companies
New NAIC Standards For Audit Committee Independence

The draft revised Corporate Governance Requirements for Principles-Based Reserves has been released by a working group of the National Association of Insurance Commissioners
NAIC Exposure Draft: Corporate Governance Guidance for Principles-Based Reserves

The Stranger-Originated Life Insurance Resource Center with an analysis of key provisions of Ohio's newly passed Am.Sub.H.B. 404
The STOLI Resource Center

What's happening in the 128th Ohio General Assembly?
Insurance, Banking Financial Services Legislation


Newsletters

The Winter 2010 issue of Ohio Insurance Law is now available
Ohio Insurance Law

Read past issues of
Ohio Insurance Law

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Insurance Links

Ohio Department of Insurance
www.insurance.ohio.gov

Ohio Insurance Bulletins
www.ohioinsurance.gov/

National Association of Insurance Commissioners
www.naic.org/

National Conference of Insurance Legislators
www.ncoil.org/
 

 

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