Licensing Requirements: Surplus lines brokers are required to be licensed under Ohio law. Ohio Rev. Code Ann. § 3905.30. To be eligible for a resident surplus lines broker’s license, a
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? No. An insurance producer may not,
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Agents may charge fees in addition to commissions for
Fees must be disclosed separately from premium and agreed to by the policyholder. Ohio law, however, does not specify that the agreement must be in writing. Ohio Rev. Code Ann. § 3905.55.
What entities are covered? “Any person* that owns or licenses computerized data that includes personal information.” § 1349.19(B)(1). “‘[P]erson” includes a business entity only if the business entity conducts business
