Insurance Agents and the Ohio FAIR Plan
The Ohio FAIR Plan (OFP) has no agents. However, any licensed property and casualty agent
has a responsibility to assist property owners in applying for coverage through OFP, if
such coverage is necessary. Ohio Administrative Rule
Upon request, a licensed agent shall assist any owner of property in completing an
application for insurance with the association.
No licensed agent, although licensed to represent one or more member insurers of the
association, shall hold himself out as an agent for the Ohio FAIR Plan.
If a prospective FAIR Plan insured/applicant contacts you about the OFP, you have a duty
to assist the individual in applying for coverage through OFP. You would then become the
agent for that applicant.
OFP will always encourage consumers to select a licensed agent as their insurance
professional. OFP pays commission to Ohio resident agents (and nonresident agents
affiliated with a resident agent who assisted the customer) on new and replacement
business at rates of:
- 10% for commercial business
- 12% for residential business