Ohio Department of Insurance
| Department overview | |
|---|---|
| Formed | March 12, 1872 |
| Jurisdiction | Ohio |
| Department executive |
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| Website |
insurance |
The Ohio Department of Insurance (ODI) is the administrative department of the Ohio state government[1] that provides consumer protection, education and regulation of the insurance marketplace in the state. ODI has over 200 employees, licenses over 1,600 insurance companies, 21,000 insurance agencies and 212,000 insurance agents in Ohio. The current director is Lieutenant Governor Mary Taylor.
History
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, Chapters 1751 and 1753 of the ORC. ODI is charge with seeing that the laws are executed and enforced. Title 39 also provides for the rehabilitation or liquidation of financially troubled insurers. The Office of Liquidation is charged with administering this law.
References
- ↑ Ohio Rev. Code § 121.01 et seq.