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Enacted in the 126th Ohio General Assembly - 2005-2006
Current through the end of the 126th General Assembly
Analysis of changes to Ohio's Health Insurance Laws (S.B. 5)
Passed by the Ohio General Assembly in December 2006 and effective in March 2007
Listed below are the insurance, banking and financial-related bills currently enacted in the 126th Ohio
General Assembly which opened in January 2005 and adjourned December 2006 We include links to the
full text legislation and the most recently available analysis 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.
You can also use
Find A Bill Online with the
Ohio General Assembly Bills On-Line website to locate bills by number, keyword, or sponsor.
Use Find Your Legislator with the Ohio General Assembly On-Line website to locate
your particular legislator by name, district or zip code.
Tort Reform in Ohio
Insurance, Banking and Financial-Related Legislation in the 127th General
Assembly 2007-2008
Insurance Legislation Enacted in the 125th General
Assembly 2003-2004
Go to Senate bills
H.B. 468 - Best Rx Program
Sponsored by Representative John Hagan (R-Alliance)
Modifies the Ohio's Best Rx Program.
Effective April 6, 2007
Final analysis from the Ohio Legislative Service Commission
H.B. 454 - Financial Institutions
Sponsored by Representative Bill Coley (R-West Chester)
Authorizes financial institutions to enter into debt suspension and cancellation contracts; authorizes
savings banks to engage in trust business and change requirements relating to parity rulemaking authority; requires
savings and loan associations only engage in trust business under the Trust Company Law; changes
the function, operations, and investing authority of bankers' banks; changes entities that may be financial institution qualified trustees and entities that
may transfer trust company business; authorizes a savings and loan association or a savings bank board of directors to create committees to carry out
certain functions of the board; and modifies the Money Transmitter Law.
Effective April 6, 2007
Final analysis from the Ohio Legislative Service Commission
H.B. 442 - Insurance Policies
Sponsored by Representative Matthew Dolan (R-Novelty)
Requires reimbursement insurance policies for consumer goods service contracts, requires
given statements to be included in warranty reimbursement insurance policies and reimbursement insurance policies for consumer goods contracts, adds
conditions related to the sale of vehicle protection product warranties, and to apply the Ohio Consumer Sales Practices Act to the sale of vehicle
protection product warranties and consumer goods service contracts.
Effective October 12, 2006
Final analysis from the Ohio Legislative Service Commission
H.B. 193 - Group Life Insurance
Sponsored by Representative David Daniels (R-Greenfield)
Permits the sale of group life insurance to specified groups and provides the
Superintendent of Insurance with the discretion to authorize the sale of group life insurance to additional groups.
Effective November 16, 2005
Final analysis from the Ohio Legislative Service Commission
H.B. 185 - Lawyer Trust Account Reporting
Sponsored by Representative Robert Latta (R-Bowling Green)
Requires a depository institution maintaining an interest-bearing trust account
for a lawyer, law firm, or legal professional association to notify the Ohio Supreme Court when a
properly payable item is presented for payment from an IOLTA having insufficient funds.
Effective October 21, 2005
Final analysis from the Ohio Legislative Service Commission
H.B. 104 - Unencrypted Personal Information
Sponsored by Representative Earl Martin (R-Avon Lake)
Requires a state agency, person, or business to contact individuals if unencrypted personal information
about individuals that is maintained on the computers of the agency, person, or business is obtained by
unauthorized persons.
Effective February 17, 2006
Final analysis from the Ohio Legislative Service Commission
H.B. 81 - Credit Union Law
Sponsored by Representative Geoffrey Smith (R-Columbus)
Makes changes in the Credit Union Law relating to the fields of membership, expansion of authorities
meetings of directors, compensation of officers, fees and interest chargeable on loans, record keeping, eligible investments, liquidity fund requirements,
public records, amendments to articles, and use of name; authorizes accounts to be held by credit unions under laws relating to
probate and intestate succession; authorizes a credit union insured by a credit union guaranty corporation to maintain interest-bearing trust
accounts on behalf of attorneys; and authorizes credit union designees acting for or on the premises of a credit union to be appointed as police officers.
Effective April 14, 2006
Final analysis from the Ohio Legislative Service Commission
S.B. 279 - Ohio Insurance Guaranty Association
Sponsored by Senator Steve Stivers (R-Columbus)
Exempts the Ohio Insurance Guaranty Association from being obligated to pay more than a single $300,000 claim for injury or death
to any one person and a claim of an insured whose net worth exceeds $50 million.
Effective March 30, 2007
Final analysis from the Ohio Legislative Service Commission
S.B. 268 - Insurance Compact
Sponsored by Senator Steve Stivers (R-Columbus)
Adopts the Interstate Insurance Product Regulation Compact.
Effective August 21, 2006
Final analysis from the Ohio Legislative Service Commission
S.B. 190 - Job Training Credit
Sponsored by Senator John Carey (R-Wellston)
Extends the the job training tax credit for an additional year, accelerates and provide for the continuation of the requirement that
Medicaid health insuring corporations pay a franchise permit fee, and declares an emergency.
Effective November 22, 2005
Final analysis from the Ohio Legislative Service Commission
S.B. 185 - Consumer Sales Practices
Sponsored by Senator Joy Padgett (R-Coshocton)
Modifies the application of, and damages available under, the Consumer Sales Practices Act; generally prohibits the appraisal of
real estate for a mortgage loan without state certification or licensure; requires
that a national criminal background check be conducted on all applicants for a mortgage broker certificate of registration,
loan officer license, or real estate appraiser certificate or license; modifieds
the Mortgage Broker/Loan Officer Law with respect to disclosure of information, fiduciary duties, prohibited acts, record keeping, and
pre-licensure examination; and makes other changes relative to mortgage lending.
Effective January 1, 2006
Final analysis from the Ohio Legislative Service Commission
S.B. 116 - Mental Health Parity
Sponsored by Senator Robert Spada (R-North Royalton)
Prohibits, subject to certain exceptions, discrimination in group health care policies, contracts and agreements in the coverage
provided for the diagnosis, care and treatment of biologically based mental illnesses.
Effective March 30, 2007
Final analysis from the Ohio Legislative Service Commission
S.B. 5 - Employer Health Care Plans
Sponsored by Senator Jay Hottinger (R-Newark)
Permits small employers to offer health care plans without benefits otherwise required by statute, provides
for the operation of health savings accounts consistent with federal laws, and limits the amount of copayments and deductibles paid by persons insured by health benefit plans.
Effective March 23, 2007
Final analysis from the Ohio Legislative Service Commission
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