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Major Lines - Business Entity
Major Lines - Business Entity

Any business entity (corporations, limited liability companies, limited liabilities partnerships, general partnerships) conducting the business of insurance in Ohio, must be licensed by the Ohio Department of Insurance. A person is considered a business entity if they operate under a Federal Tax Identification Number (FEIN) instead of a personal Social Security Number (SSN). 

Lines of Authority for Major Lines License issued by the Ohio Department of Insurance:

  1. Accident & Health: Insurance coverage for sickness, bodily injury, or accidental death, and may include benefits for disability income.
  2. Casualty: Insurance coverage against legal liability, including coverage for death, injury, or disability or damage to real or personal property.
  3. 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.
  4. Personal: Is property & casualty insurance coverage sold to individuals and families for noncommercial purposes.
  5. Property:  Insurance coverage for the direct or consequential loss or damage to property of any kind.
  6. Variable Life and Variable Annuity Products: Insurance coverage provided under variable life insurance contracts and variable annuities.

Resident

An Ohio resident agency is a business entity authorized to do business in Ohio and is either domiciled in Ohio or maintains its principal place of business in Ohio.

Initial Application

An appointment is not required at time of application, but is required in order to sell, solicit, or negotiate policies/information for a company.

Initial Application Instructions

Resident Business Entities must be registered with the Ohio Secretary of State as a prerequisite to the Ohio Department of Insurance issuing an insurance license.  Ohio law provides that no domestic or foreign corporation, limited liability company or limited liability partnership may transact business in Ohio until it has registered with the Ohio Secretary of State. 

Prior to conducting insurance business in the state of Ohio, business entities must also be licensed with the Ohio Department of Insurance. The following instructions provide guidance for completing sections of the insurance license application: 

  • Applicant Information: must be completed, if applicable.
  • Designated/Responsible Licensed Producer: The business entity must have at least one Ohio licensed insurance agent designated as the agent responsible for the business entities compliance with Ohio's insurance laws.
  • Owners, Partners, Officers and Directors: provide the required information for all owners, partners, officers and/or directors of the business entity with a 10% or more voting interest in the agency.
  • Jurisdiction and Type of License/Registration Requested
    • Jurisdiction: Ohio
    • Legal Business Type: Mark the corresponding Legal Business Type (i.e. C for Corporation)
    • License/Registration Type: Mark "Y" for agency/firm
    • Lines of Authority: Mark only the authority type for which the Business Entity is applying for
    • Previously Licensed: Mark "yes" only if previously licensed in Ohio
  • Background Information: Answer questions 1 through 6 and provide specific information as required.
  • Signatures: The application must be dated and signed by an officer, director, principal or partner of the business entity. The name, title, and complete address of the signatory must be typed or printed.
  • Fees: An application fee must be submitted along with the application. 
  • Attachments: Supporting documents must be attached to the application.

Required documents based on legal business type:

  • Partnership: Copy of the partnership agreement must be included. If a written partnership agreement does not exist, an affidavit that outlines the functions of the partnership may be submitted in lieu of the partnership agreement. 
  • Limited Liability Partnership: Copy of the partnership agreement must be included. If a written partnership agreement does not exist, an affidavit that outlines the functions of the partnership may be submitted in lieu of the partnership agreement. 
  • Limited Liability Company: Copy of the operating agreement must be included along with a certified copy of the articles of organization. 

Renewal Application

Resident business entity licenses expire on September 30th of even numbered years. At least 30 days prior to the license expiration date, the department will send a courtesy reminder to the license holder’s mailing address. Regardless of the reminder notice being received, all license holders are responsible for renewing their license(s) by their license expiration date.  

To view your licensing record and verify your license expiration date, we encourage you to utilize the department’s Agent/Agency Locator.

Securities Registration for Variable Insurance Products

The Securities and Exchange Commission considers variable products (variable annuities and variable life insurance) to be securities. Variable products and those who sell them are subject to federal regulations as well as to state insurance regulations.  Securities requirements of broker/dealer firms and registered representatives selling variable products are in addition to, and not instead of, insurance department requirements.  Registered representatives who sell variable products must be dually licensed/registered to sell securities products and licensed to sell insurance products.
Insurance Licensing Requirements For Variable Annuity Products:

In order to sell variable annuity products in Ohio, agents must be licensed with a variable products qualification. Ohio’s agent licensing laws do not make a distinction between group and individual variable products.

Any applicant applying for variable life/variable annuity line of authority must be registered with the financial industry regulatory authority (FINRA) as a registered representative after having passed at least one of the following examinations administered by the FINRA: the series 6 examination, the series 7 examination, the series 63 examination, the series 66 examination.

Ohio Administrative Code (“O.A.C.”) section 3901-6-02(K) provides that an agent may not solicit an offer to buy or a sale of life insurance in correlation with the sale of shares of a mutual fund or other security unless he is licensed and appointed as a life insurance agent and is also licensed to sell securities by the Ohio Department of Commerce, Division of Securities in accordance with Chapter 1707 of the Ohio Revised Code. Whether an Ohio securities license is necessary depends upon the specifics of the product being sold – if it is a registered security or a life insurance product being solicited or sold in correlation with a mutual fund or other security.

Non-Resident

An Ohio non-resident agency is a business entity authorized to do business in Ohio that maintains a resident licence in good standing in its home state for the same lines of authority held in Ohio. 

Initial Application

An appointment is not required at time of application, but is required in order to sell, solicit, or negotiate policies/information for a company.

Initial Application Instructions

Most business entities are required to be registered with the Ohio Secretary of State. Ohio law provides that no domestic or foreign corporation, limited liability company or limited liability partnership may transact business in Ohio until it has registered with the Ohio Secretary of State. Therefore, the department recommends that Non-Resident Business Entities contact the Ohio Secretary of State prior to conducting insurance business in Ohio. 

Prior to conducting insurance business in the state of Ohio, business entities must be licensed with the Ohio Department of Insurance. The following instructions provide guidance for completing sections of the insurance license application: 

  • Applicant Information: must be completed, if applicable.
  • Designated/Responsible Licensed Producer: The business entity must have at least one Ohio licensed insurance agent designated as the agent responsible for the business entities compliance with Ohio's insurance laws.
  • Owners, Partners, Officers and Directors: provide the required information for all owners, partners, officers and/or directors of the business entity with a 10% or more voting interest in the agency.
  • Jurisdiction and Type of License/Registration Requested
    • Jurisdiction: Ohio
    • Legal Business Type: Mark the corresponding Legal Business Type (i.e. C for Corporation)
    • License/Registration Type: Mark "Y" for agency/firm
    • Lines of Authority: Mark only the authority type for which the Business Entity is applying for
    • Previously Licensed: Mark "yes" only if previously licensed in Ohio
  • Background Information: Answer questions 1 through 6 and provide specific information as required.
  • Signatures: The application must be dated and signed by an officer, director, principal or partner of the business entity. The name, title, and complete address of the signatory must be typed or printed.
  • Fees: An application fee must be submitted along with the application. 
  • Attachments: Supporting documents must be attached to the application.

Required documents based on legal business type:

  • Partnership: Copy of the partnership agreement must be included. If a written partnership agreement does not exist, an affidavit that outlines the functions of the partnership may be submitted in lieu of the partnership agreement. 
  • Limited Liability Partnership: Copy of the partnership agreement must be included. If a written partnership agreement does not exist, an affidavit that outlines the functions of the partnership may be submitted in lieu of the partnership agreement. 
  • Limited Liability Company: Copy of the operating agreement must be included along with a certified copy of the articles of organization.

Renewal Application

Non-Resident business entity licenses expire on September 30th of odd numbered years. At least 30 days prior to the license expiration date, the department will send a courtesy reminder to the license holder’s mailing address. Regardless of the reminder notice being received, all license holders are responsible for renewing their license(s) by their license expiration date.  

To view your licensing record and verify your license expiration date, we encourage you to utilize the department’s Agent/Agency Locator.

Securities Registration for Variable Insurance Products

The Securities and Exchange Commission considers variable products (variable annuities and variable life insurance) to be securities. Variable products and those who sell them are subject to federal regulations as well as to state insurance regulations.  Securities requirements of broker/dealer firms and registered representatives selling variable products are in addition to, and not instead of, insurance department requirements.  Registered representatives who sell variable products must be dually licensed/registered to sell securities products and licensed to sell insurance products.
Insurance Licensing Requirements For Variable Annuity Products:

In order to sell variable annuity products in Ohio, agents must be licensed with a variable products qualification. Ohio’s agent licensing laws do not make a distinction between group and individual variable products.

Any applicant applying for variable life/variable annuity line of authority must be registered with the financial industry regulatory authority (FINRA) as a registered representative after having passed at least one of the following examinations administered by the FINRA: the series 6 examination, the series 7 examination, the series 63 examination, the series 66 examination.

Ohio Administrative Code (“O.A.C.”) section 3901-6-02(K) provides that an agent may not solicit an offer to buy or a sale of life insurance in correlation with the sale of shares of a mutual fund or other security unless he is licensed and appointed as a life insurance agent and is also licensed to sell securities by the Ohio Department of Commerce, Division of Securities in accordance with Chapter 1707 of the Ohio Revised Code. Whether an Ohio securities license is necessary depends upon the specifics of the product being sold – if it is a registered security or a life insurance product being solicited or sold in correlation with a mutual fund or other security.