Statute Information
3929.482 Contracts to provide administrative and claims adjusting services.
| (A) |
The Ohio fair plan underwriting association by action of its board of governors,
with the approval of the superintendent of insurance, is authorized to enter
into a contract with the Ohio mine subsidence insurance underwriting association
to provide administrative and claims adjusting services required by it. Such
contract shall provide indemnification by the Ohio mine subsidence insurance
underwriting association to the Ohio fair plan underwriting association, its
members, members of its board of governors, and its officers, employees, and
agents against all liability, loss, and expense resulting from acts done or
omitted in good faith in performing such contract. Such contract shall also
provide that the Ohio fair plan underwriting association will be reimbursed for
its actual expenses incurred in performing such services. Common expenses
applicable both to the Ohio fair plan and to the mine subsidence insurance
underwriting association shall be allocated between them on an equitable basis
approved by the superintendent of insurance.
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| (B) |
The Ohio fair plan underwriting association by action of its board of governors,
with the approval of the superintendent of insurance, is authorized to enter into
a contract with the Ohio commercial joint underwriting association to provide
administrative and claims adjusting services required by it. Such contract shall
provide indemnification by the Ohio commercial joint underwriting association to
the Ohio fair plan underwriting association, its members, members of its board of
governors, and its officers, employees, and agents against all liability, loss,
and expenses resulting from acts done or omitted in good faith in performing such
contract. Such contract shall also provide that the Ohio fair plan underwriting
association will be reimbursed for its actual expenses incurred in performing such
services. Common expenses applicable both to the Ohio fair plan and to the Ohio
commercial joint underwriting association shall be allocated between them on an
equitable basis approved by the superintendent of insurance.
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