P&COhiomedium
Under R.C. Chapter 3964, an Ohio captive insurance company is primarily organized to:
Insure the risks of its parent and affiliated companies or other defined groups
BSell personal lines coverage directly to Ohio residents through retail agents and brokers
CProvide Ohio FAIR Plan residual-market wind coverage
DReinsure the BWC state fund
Why this is the answer
Ohio's captive statute (R.C. Chapter 3964) permits pure, association, and special-purpose captives. Captives provide self-insurance vehicles for parent companies or groups, often for hard-to-place commercial risks, subject to ODI licensing and capital and surplus requirements.
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