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Insurance License Type Definitions
Major Lines:
Accident & Health
Insurance coverage for sickness, bodily injury, or accidental death, and may include benefits for disability income.
Casualty
Insurance coverage against legal liability, including coverage for death, injury, or disability or damage to real or personal property.
Life
Insurance coverage on human lives, including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income.
Personal
Is property & casualty insurance coverage sold to individuals and families for noncommercial purposes.
Property
Insurance coverage for the direct or consequential loss or damage to property of any kind.
Variable Life and Variable Annuity products
        Insurance coverage provided under variable life insurance contracts and variable annuities.
 
Limited Lines:
Credit Insurance Products (Life and P&C)
Means credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection insurance, or any other form of insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation and that is designated by the superintendent as limited line credit insurance.

            Crop Insurance

Insurance that provides protection against damage to crops from unfavorable weather conditions, fire, or lightning, flood, hail, insect infestation, disease or other yield-reducing conditions or perils provided by the private insurance market, or that is subsidized by the Federal Crop Insurance Corporation, including Multi-peril Crop Insurance.

            Funeral Expense

Funeral expense insurance sold to provide for payment of funeral or burial goods and services in accordance with sections 3905.45 and 3905.451 of the Ohio Revised Code.  The Funeral expense license is only issued to individuals who also hold an active funeral director’s license in this state.  Business entities must have at least one individual affiliated with the business entity that holds an active limited lines license with a funeral expense LOA.

            Rental Car Insurance

Insurance offered, sold, or solicited in connection with and incidental to the rental of rental cars for a period of time, whether at the rental office or by pre-selection of coverage in master, corporate, group or individual agreements that is non-transferable, applies only to the rental car that is the subject of the rental agreement and is limited to certain limited kinds of insurance.

            Title Insurance Marketing Representative (Individuals only)

Persons who market goods and services associated with the issuance of title insurance.  Agent must be appointed by a licensed title agent or agency.  May solicit and perform marketing services only on behalf of the appointing agent.  May not quote filed title insurance rates or premiums; discuss insurance coverage’s, benefits or limits except that the marketing representative may, in general, explain the basic difference between an owner’s policy and a lender’s policy; make recommendations, provide advice about or negotiate title insurance; execute or issue a title insurance policy, binder or commitment; determine insurability; or hold self out as a representative of a title insurance company.

            Travel Insurance

Travel insurance coverage for a trip cancellation, trip interruption, baggage, life, sickness and accident, disability, and personal effects when limited to a specific trip and sold in connection with transportation provided by a common carrier.
 
Limited Lines - Portable Electronics:
Portable electronics license is issued to a supervising business entity that is appointed by an insurer to supervise the administration of a portable electronics program.  Portable electronics insurance covers costs for the repair or replacement of portable electronics, which may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy issued to a vendor by an insurer, and may cover portable electronics against loss, theft, inoperability due to mechanical failure, malfunction, damage, or other applicable perils.
 
Managing General Agent (MGA):
Is defined as a person (individual or corporation) who negotiates and binds ceding reinsurance contracts on behalf of an insurer or manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office. Acts as an agent for such insurer whether known as a managing general agent or other similar term, who, with or without the authority, either separately or together with affiliates, produces, directly or indirectly, and underwrites an amount of gross direct written premium of not less than 5% of the policyholder surplus as reported in the last annual statement of the insurer in any 1 quarter or year and adjusts or pays claims in excess of an amount determined by the commissioner or negotiates reinsurance on behalf of the insurer.
 
Navigator:
Navigator is a person selected to perform the activities and duties identified in division (i) of section 1311 of the Affordable Care Act that is certified by the superintendent of insurance under section 3905.471 of the Revised Code.
 
Exchange is a health benefit exchange established by the state government of Ohio or an exchange established by the United States department of health and human services in accordance with the "Patient Protection and Affordable Care Act." 124 Stat. 119, 42 U.S.C. 18031 (2011).
 
Public Insurance Adjuster (PIA):
Any person or business entity who, for compensation, acts on behalf of or aids in any manner, an insurer/insured or another in negotiating for, or effecting the settlement of claims for loss or damage under any policy of insurance covering real or personal property, or any person or entity who advertises, solicits business, or holds itself out the public as an adjuster of such insurance claims, and any person who for compensation investigates, settles, advises, or assists an insurer or insured with reference to claims for such losses, on behalf of any such public insurance adjuster.  The PIA code does not include nor regulate insurance company staff adjusters, marine claim handlers, independent adjusters or attorney at law.
 
Public Insurance Adjuster Agent (PIAA):
Any person who is a bona fide employee of a public insurance adjuster and who aids in the adjustment, investigation, and in securing of any contract for the adjustment of a loss.  Must be sponsored by a licensed PIA person or business entity.
 
Reinsurance Intermediary (Broker & Manager):
A Reinsurance Intermediary-Broker means any person, other than an officer or employee of the ceding insurer, firm, association, or corporation that solicits, negotiates, or places reinsurance cessions or retrocession’s on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of that insurer.
A Reinsurance Intermediary-Manager means any person, firm, association, or corporation that has authority to bind, or manages all or part of the assumed reinsurance business of, a reinsurer (including the management of a separate division, department, or underwriting office) and acts as an agent for the reinsurer whether known as a reinsurance intermediary-manager, manager, or other similar term.
 
Surety Bail Bond:
Bail or bond is an amount of money in cash or surety bond for the purpose of making sure that a particular person attends all required court appearances. Bail allows an arrested person (defendant) to be released from jail until his or her case is completed.  
 
A surety bail bond agent is a person who is licensed by the Ohio Department of Insurance to sell surety bonds and is authorized to conduct business in the State of Ohio.  They are an agent for an insurance company that sells surety bonds.  A surety bond is an agreement made between one or more persons and a bond agent where the bond agent agrees to post the necessary bail so that a defendant can be released from jail.  The agreement is backed by an insurance company contract that is signed by the person or persons and the bond agent on behalf of the insurance company. Sufficient cash or collateral to cover the full amount of the bail if the defendant misses his or her court date also backs the agreement.  Only a person who has been licensed by the Ohio Department of Insurance may post a surety bond.
 
No person, other than a law enforcement officer, shall apprehend, detain, or arrest a principal on bond, whenever issued, unless that person is qualified, licensed, and appointed as a surety bail bond agent, licensed as a private investigator, or an off-duty peace officer.
 
Surplus Lines:
Insurance placed with carriers not licensed in Ohio as the risk.  The Surplus lines law requires that the insured attempt to place the insurance with a licensed carrier before using a surplus lines carrier.  Proof of this placement attempt is required.  A tax paid by the insured on insurance placed with surplus lines carriers is collected by the agent and paid to the state.
 
Third Party Administrator (TPA):
TPA means a person that adjusts or settles claims on, residents of this state in connection with life, dental, vision, health or disability insurance plans or self-insurance programs.   “Person” includes, without limitation, a natural person, a corporation (weather nonprofit or for profit), a partnership, a limited liability company, a sole proprietor, an unincorporated society or association, and two or more third party administrators having a joint or common interest.
 
Title:
Title insurance means insuring, guaranteeing, or indemnifying owners of real property or others interested in real property against loss or damage suffered by reason of liens or encumbrances upon, defect in, or the unmarketability of the title to the real property, guaranteeing, warranting, or otherwise insuring by a title insurance company the correctness of searches relating to the title to real property, or doing any business in substance equivalent to any of the forgoing.
 
Title Insurance Marketing Representative (TIMR):
Title Insurance Marketing representative means persons who market goods and services associated with the issuance of title insurance.   A TIMR must be appointed by a licensed OH title agent in order to retain license, but may only be appointed by one title agent at any given time. A TIMR may solicit and perform marketing services only on behalf of the appointing agent.
Viatical Settlement Broker:

Viatical Settlement means the selling or acquiring of an interest, whether in whole or in part, of a life policy or other interest in a contract or arrangement of life insurance for less than the expected death benefit or, as determined by the superintendent, for less than the sum of the present values of the scheduled future payments as of the date of the viatical settlement.   The term includes a life settlement.

Viatical Settlement Broker is a person that, on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate Viatical settlements between a viator and one or more Viatical settlement providers.


The State of Ohio is an Equal Opportunity Employer

Ohio Department of Insurance
50 W. Town Street, Third Floor - Suite 300
Columbus, Ohio  43215
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John Kasich, Governor | Jillian Froment, Director
General Info: 614-644-2658 | Consumer Hotline: 800-686-1526
Fraud Hotline: 800-686-1527 | OSHIIP Hotline: 800-686-1578