OH SB306

Prohibits auto repair shops from requiring consumers to sign contracts that interfere with insurance policies, waive rights to legal action, require payment of the shop's legal fees, or prohibit vehicle title transfers; violations constitute deceptive trade practices under Ohio consumer protection law

Expands insurers' authority to use electronic signatures for any signature requirement in the Ohio Revised Code, not just requirements under the insurance title

Allows special purpose financial captive insurance companies to admit unimpaired assets held by affiliates to secure reinsurance obligations, and changes reinsurance credit fund holding requirements from mandatory to permissive

Authorizes the Ohio assigned risk insurance plan to directly issue policies and process claims, establish agent registration procedures, require applicant actions as conditions of coverage, and use technology to review eligibility and detect fraud; extends timeline for insurers to file civil actions against towing/storage facilities from 30 to 45 days

Requires towing and storage facilities to stop accruing storage fees once notified a vehicle is a total loss, release vehicles within two business days of receiving complaint notice, and mandates courts impose penalties of up to $100 per day for non-compliance