Below are some of the most common questions and answers that the department's Product Regulation and Actuarial Services division receives. If you have a question not addressed here, please fill the feedback and/or contact forms on the right side of the page or call us at the following numbers:
Life and Health is responsible to review contractual provisions and rates for life, annuity, and health insurance products marketed to Ohio consumers. Policy forms and all health insurance rates are reviewed to ensure they comply with Ohio and federal laws. Life and Health also licenses multiple employer trusts, small employer health care alliances and health insuring corporations (also known as HMOs), and accredits independent review organizations.
Information and resources for Health External Review can be found here.
Property and Casualty is responsible to review policy forms, endorsements, and manual rules and rates for products marketed to Ohio consumers by Ohio licensed property and casualty insurers. Review standards include ensuring that policy language is understandable to consumers and that rates are not excessive, inadequate, or unfairly discriminatory. Property and Casualty also administers Surplus Lines registration and reporting.