P&COhioeasy
Which best describes Ohio's general rate regulatory approach for most property and casualty lines under R.C. 3937.03?
File-and-use, with ODI retaining authority to disapprove
BPrior approval by ODI before any rate may be used
CState-made rates set annually by the Ohio General Assembly
DNo filing of any kind required
Why this is the answer
For most property and casualty lines, Ohio does not require prior approval. Under R.C. 3937.03 insurers file rates with ODI and may begin using them, subject to the Director's continuing authority to disapprove a rate that is excessive, inadequate, or unfairly discriminatory. The legislature does not set rates, and filings remain required — there is no 'no filing' approach.
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