OH HB757

Establishes a regulatory framework for "rental home marketplace guarantees" offered by online platforms (such as short-term rental websites) that reimburse property owners for damages caused by renters

Requires providers offering these guarantees to back them with reimbursement insurance policies from insurers authorized to do business in Ohio

Explicitly exempts rental home marketplace guarantees from being classified as insurance contracts, meaning providers are not subject to Ohio insurance laws or considered insurance companies

Mandates that guarantees include disclosure statements informing users the guarantee is not insurance and that they may file claims directly with the backing insurer if the provider fails to pay within 180 days after proof of loss

Classifies the sale of these guarantees as consumer transactions under Ohio's Consumer Sales Practices Act (sections 1345.01-1345.13), providing consumer protection rights to guarantee holders