PLOhiomedium
Under R.C. 3937.42, the Ohio Automobile Insurance Plan serves what function in Ohio's personal auto market?
AA state-run insurer that sells coverage directly to consumers at standard market rates without any participation by private carriers
A residual market mechanism that assigns drivers unable to obtain coverage in the voluntary market to participating insurers
CA reinsurance pool for catastrophic medical losses
DA premium-financing subsidiary of the ODI
Why this is the answer
R.C. 3937.42 establishes the Ohio Automobile Insurance Plan as the assigned-risk mechanism for drivers who cannot find coverage voluntarily. Carriers writing auto in Ohio must participate proportionally, and assignments rotate among them. The Plan offers minimum statutory FR limits and is the coverage of last resort.
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