Statute Information
3929.41 Purposes.
The purposes of sections 3929.41 to
3929.49 of the Revised Code are to:
| (A) |
Assure stability in the property insurance market for property located in
urban areas of the state;
|
| (B) |
Assure the availability of basic property insurance as defined by sections
3929.41 to
3929.49 of the Revised Code;
|
| (C) |
Assure the availability, at the option of the applicant, of homeowners
insurance as defined in division (B) of section
3929.42 of the Revised Code;
|
| (D) |
Encourage maximum use, in obtaining basic property insurance, of the normal
insurance market provided by authorized insurers;
|
| (E) |
Provide for the equitable distribution among authorized insurers of the
responsibility for insuring eligible property, for which basic property
insurance cannot be obtained through the normal insurance market;
|
| (F) |
Authorize the establishment of a fair plan (fair access to insurance
requirements), and the Ohio fair plan underwriting association.
|
|