Ohio § 3929.42

§ 3929.42.

As used in sections 3929.41 to 3929.49 of the Revised Code , or any regulations adopted pursuant thereto: (A) “ Basic property insurance ” means insurance against direct loss to property as defined and limited in standard

fire policies and extended coverage endorsements thereon, as approved by the superintendent

of insurance, and insurance for such types, classes and locations of property against

the perils of vandalism, malicious mischief, burglary, or theft, as the superintendent

shall designate.  Such insurance shall not include automobile insurance nor insurance on such types

of manufacturing risks as may be excluded by the superintendent. (B) “ Homeowners insurance ” means insurance on owner-occupied dwellings providing personal multi-peril property

and liability coverages commonly known as homeowners insurance, and is subject to

such reasonable underwriting standards, exclusions, deductibles, rates, and conditions

as are customarily used by member insurers for similar coverages. (C) “ Insurer ” includes any insurance company or group of companies under common ownership which

is authorized to engage in the business of property insurance in this state. (D) “ Association ” means the Ohio fair plan underwriting association created by section 3929.43 of the Revised Code . (E) “ Fair plan ” means a plan to assure fair access to insurance requirements. (F) “ Premiums written ” means gross direct premiums, including that portion of premium which is attributable

to a riot loading or factor, excluding that portion of premium on risks ceded to the

association, charged with respect to property in the state on all policies of basic

property insurance and homeowners insurance and the basic property insurance premium

components of all multi-peril policies, as computed by the association, covering property

in this state, less all premiums and dividends returned, paid, or credited to policyholders,

or the unused or unabsorbed portions of premium deposits. (G) “ Inspection bureau ” means any fire insurance rating bureau or other organization designated by the association

to assist in the collection of information necessary to determine eligibility and

rating for basic property insurance or homeowners insurance.