Notwithstanding any other provision of this chapter, the superintendent of insurance shall issue to a nonresident person licensed as a limited line credit insurance agent or other type of limited lines insurance agent in the person’s home state a nonresident limited lines insurance agent license in accordance with division (A) of section 3905.07 of the Revised Code, with the same scope of authority as the person has under the license issued by the person’s home state. However, the recognition of a limited lines authority under this section shall not create any new line of authority.

Terms Used In Ohio Code 3905.072

  • agent: means any person that, in order to sell, solicit, or negotiate insurance, is required to be licensed under the laws of this state, including limited lines insurance agents and surplus line brokers. See Ohio Code 3905.01
  • Home state: means the state or territory of the United States, including the District of Columbia, in which an insurance agent maintains the insurance agent's principal place of residence or principal place of business and is licensed to act as an insurance agent. See Ohio Code 3905.01
  • Insurance: means any of the lines of authority set forth in Chapter 1739. See Ohio Code 3905.01
  • License: means the authority issued by the superintendent to a person to act as an insurance agent for the lines of authority specified, but that does not create any actual, apparent, or inherent authority in the person to represent or commit an insurer. See Ohio Code 3905.01
  • Limited line credit insurance: means credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection insurance, or any other form of insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation and that is designated by the superintendent as limited line credit insurance. See Ohio Code 3905.01
  • Limited lines insurance: means those lines of authority set forth in divisions (B)(7) to (13) of section 3905. See Ohio Code 3905.01
  • Limited lines insurance agent: means a person authorized by the superintendent to sell, solicit, or negotiate limited lines insurance. See Ohio Code 3905.01
  • Person: means an individual or a business entity. See Ohio Code 3905.01
  • state: means the state of Ohio. See Ohio Code 1.59

For purposes of this section, “limited lines insurance” means any authority granted by the home state that is less than the total authority provided in the associated major lines set forth in divisions (B)(1) to (6) of section 3905.06 of the Revised Code.

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