On February 25, 2010, House Bill 300 was signed into law. As the result, Chapter 3905 of the Ohio Revised Code was updated to include national licensing standards designed by state insurance regulators and industry trade associations. In light of the bill’s passage, Ohio’s agent licensing laws now mirror the licensing laws of at least 46 other states.
As part of Ohio’s new licensing laws, all Ohio insurance agents and business entities who hold a major line, limited line and/or title insurance license are required to renew their license(s) every two years.
While a $25 renewal fee is required to be paid by all limited line and non-resident agents, the renewal fee is waived for all Resident agents with a continuing education requirement. Agents with a continuing education requirement must obtain all required credits prior to their license expiration date. An agent will not be eligible to renew their insurance license(s) until they have satisfied their continuing education requirement.
The continuing education requirements for Resident agents are:
24 Hours - with 3 Hours being Ethics specific
|SURETY BAIL BOND LICENSE:
||7 Hours - with 6 hours being Surety Bail Bond specific and 1 hour being classified as Ethics|
||12 Hours - with 10 Hours being Title specific & 2 Hours being classified as Ethics|
|VIATICAL SETTLEMENT LICENSE:
||15 Hours - with all 15 hours being Viatical specific|
|LIMITED LINE LICENSE:
||No Continuing Education Requirement|
Included for your convenience are links to Ohio’s revised licensing laws and rules, the Department’s conversion plan, as well as application and fee information. Should you have any questions regarding Ohio’s new agent licensing laws, please contact the Ohio Department of Insurance Licensing Division at 614-644-2665.
To determine if your initial or renewal application has been processed or to check an existing license record, please utilize the Agent/Agency Locater at www.insurance.ohio.gov.