PLOhiomedium
What is the principal function of the Ohio Automobile Insurance Plan established under R.C. 4509.70?
ATo act as a guaranty fund for insolvent auto insurers, reimbursing policyholders for unpaid claims from assessments levied against all admitted carriers
To assign high-risk applicants who cannot obtain auto coverage in the voluntary market to admitted carriers in proportion to market share
CTo set uniform auto rates across all Ohio insurers
DTo pay PIP benefits for uninsured drivers
Why this is the answer
R.C. 4509.70 authorizes the Ohio Automobile Insurance Plan, the residual market for applicants who cannot obtain voluntary auto coverage. The Plan apportions assigned-risk drivers among admitted carriers based on each carrier's share of voluntary auto premium in the state.
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