Ohio Department of Insurance – Month in Review

Working to Maintain Ohio’s Financially Sound Insurance Marketplace By Jillian Froment, Director of the Ohio Department of Insurance In the early days of the COVID-19 pandemic, the Ohio Department of Insurance took prompt action with a focus on consumer protection and regulatory flexibility. Quick action was needed to help Ohioans get through a challenging time. Throughout CONTINUE


NAIFA Backs Ohio’s Suitability in Annuity Transactions Proposal Albeit Minor Edits

By Julie Harrison, Jun 23, 2020 5:41:30 PM Ohio’s Department of Insurance recently proposed updates to its “3901-6-13 Suitability Annuity Transactions” rule.  The state’s Director of Insurance, Jillian Froment, chaired the National Association of Insurance Commissioner’s Annuity Suitability Working Group while the working group crafted revisions to the NAIC’s “Suitability CONTINUE


House Committee Moves Surprise Billing Measure after Accepting Sub Bill

The substitute version of HB388 (Holmes), which was reported out of the House Finance Committee by a unanimous vote of members present on Tuesday, represents “perhaps the first time in the country where there has been agreement” among major stakeholders on the issue of surprise medical bills, House Speaker Pro CONTINUE


Here to Help During These Challenging Times

May is Mental Health Awareness Month, and this year it arrives when so many people are overwhelmed with challenges and emotions in a world suddenly altered by the COVID-19 pandemic. As Ohioans, we value our capacity to endure. In these times of change and uncertainty, we are all uplifted by CONTINUE


Bulletin 2020-08: Temporary Licenses During State of Emergency

The purpose of this Bulletin is to notify the insurance industry, including applicants, agents, and insurers, that the Superintendent has determined that it is in the public interest to issue temporary resident agent licenses during the Stay at Home Order issued by the Director of the Ohio Department of Health. CONTINUE


Householder: Budget Hole Could Be as Big as $2 Billion

Calling it a “perfect storm” of circumstance that is increasing costs for the state at the same time as state revenue is plummeting, House Speaker Larry Householder (R-Glenford) said the state budget could be as much as $2 billion short of projections by the end of the fiscal year on CONTINUE


By the Numbers: Jobs Market Shaken by COVID-19

The U.S. Bureau of Labor Statistics (BLS) recently released March unemployment figures that are trending up since the arrival of COVID-19; meanwhile, foodbanks are seeing increased demand and new clients. 7,000 – Ohio unemployment claims made during the week of March 8, 2020 through March 14, 2020. 187,000 – Ohio unemployment claims CONTINUE

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