Ohio § 3951.06

§ 3951.06.

(A) A fee of one hundred dollars shall be paid to the superintendent by the applicant

for a public insurance adjuster's certificate of authority before the initial application

is granted.  If the applicant is a firm, association, partnership, or corporation, the fee shall

be paid for each person specified in the application. (B) A firm, association, partnership, or corporation to which a certificate of authority

has been issued by the superintendent may at any time make an application to the superintendent

for the issuance of a supplemental certificate of authority authorizing additional

officers or directors of the corporation or members of the firm, association, or partnership

to act as a public insurance adjuster, and the superintendent may thereupon issue

to such firm, association, partnership, or corporation a supplemental certificate

accordingly upon the payment of a fee of fifty dollars for each member or officer

or director thereby authorized to act as a public insurance adjuster. (C) Every public insurance adjuster's certificate of authority shall expire on the thirty-first

day of December of the calendar year in which it was issued, and shall be renewed

according to the standard renewal procedure of sections 4745.01 to 4745.03 of the Revised Code .  Every public insurance adjuster's certificate of authority with a payment of a fifty-dollar

fee can be renewed for the ensuing year without examination, but if an application

for the renewal of such certificate has been filed with the superintendent before

January first of any year the certificate of authority sought to be renewed shall

continue in full force and effect until the issuance by the superintendent of the

new certificate applied for or until five days after the superintendent has refused

to issue a new certificate and has served notice of such refusal on the applicant

therefor.  Service of such notice shall be made by registered or certified mail directed to

the applicant at the place of business specified in the application. (D) No certificate of authority shall be issued or renewed unless, the applicant is a

resident of the state, a lending institution, a bona fide employee of a lending institution

who is authorized to act as a public insurance adjuster in another state on behalf

of the lending institution, or a nonresident that is licensed as a public insurance

adjuster and is in good standing in the applicant's home state, and there is on file

with the superintendent a bond, executed by such applicant and by approved sureties,

in the penal sum of one thousand dollars for each person designated in the application,

conditioned for the faithful performance by such applicant and by all persons designated

in such application, of their duties as public insurance adjusters.  Such bond shall be approved as to form by the attorney general and as to sufficiency

by the superintendent.  Such bond shall be made payable to the state and shall specifically authorize recovery

for and on behalf of an injured party of the sum provided therein in case the adjuster

has been guilty of fraudulent or dishonest practices in connection with the transaction

of business as an adjuster.