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OH HB278
Bill
Status
3/22/2013
Primary Sponsor
William Batchelder
Click for details
AI Summary
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Increases minimum liability insurance amounts from $12,500/$25,000/$7,500 to $25,000/$50,000/$25,000 per accident for bodily injury and property damage, effective nine months after enactment for new and renewed policies.
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Reduces mandatory automobile insurance policy periods from two years to one year, effective six months after enactment.
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Prohibits insurers from charging premium rates that are excessive, inadequate, or unfairly discriminatory based solely on the insured's residence location in private passenger automobile insurance.
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Prohibits enforcement of intrafamily liability exclusions in automobile insurance policies, except when the policy includes uninsured-underinsured motorist coverage with an intrafamily exclusion.
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Permits insurance companies to obtain salvage certificates of title without possessing the original certificate by providing evidence of payment and certified mail notice to the vehicle owner and lienholder.
Legislative Description
To make changes to the law governing automobile insurance policies, to increase the minimum amounts required for valid proof of financial responsibility, to make it an unfair and deceptive act or practice in the business of insurance to charge excessive, inadequate, or unfairly discriminatory premium rates in private passenger automobile insurance based solely on the insured's residence location, to reduce from two years to one year the minimum policy period for automobile insurance policies, to prohibit an automobile insurer from enforcing certain intrafamily exclusions, and to permit insurance companies to obtain a salvage certificate of title for a motor vehicle in certain circumstances when the insurance company does not have possession of the certificate of title.
Proof of financial responsibility-increase minimum amounts
Last Action
Effective Date
3/22/2013