P&COhioeasy
Under R.C. 3905.42, before an insurer may transact the business of insurance in Ohio, what must it obtain?
AA surplus lines broker's license issued by the ODI Director for unauthorized placements only
BRegistration with the Ohio Secretary of State
CApproval by the Ohio Attorney General
A certificate of authority issued by the ODI Director
Why this is the answer
An authorized (admitted) insurer holds a certificate of authority from the ODI Director under R.C. 3905.42. Without one, the insurer is unauthorized and may only access the Ohio market through the surplus lines mechanism beginning at R.C. 3905.30.
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