P&COhiohard
Which statement best describes how private passenger auto rates are regulated in Ohio?
AAuto rates are set by the Ohio Automobile Insurance Plan and cannot be deviated from
BAuto rates require prior approval by both ODI and the Ohio General Assembly before any insurer may use them in the voluntary market
Auto rates operate under R.C. 3937 open-competition file-and-use, with ODI authority to disapprove rates that violate R.C. 3937.02
DAuto rates are fixed annually by the ODI Director and apply uniformly to all insurers
Why this is the answer
Ohio applies its general R.C. Chapter 3937 file-and-use regime to private passenger auto. Insurers file rates with ODI and may use them, subject to ODI's authority to disapprove rates that are excessive, inadequate, or unfairly discriminatory under R.C. 3937.02. The Ohio Automobile Insurance Plan addresses assigned-risk placements, not the broader voluntary market; legislative or uniform Director-set rates are not the system.
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