Ohio Code 3929.41 – Purposes
The purposes of sections 3929.41 to 3929.49 of the Revised Code are to:
Terms Used In Ohio Code 3929.41
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Property: means real and personal property. See Ohio Code 1.59
- state: means the state of Ohio. See Ohio Code 1.59
(A) Assure stability in the property insurance market for property located in urban areas of the state;
(B) Assure the availability of basic property insurance as defined by sections 3929.41 to 3929.49 of the Revised Code;
(C) Assure the availability, at the option of the applicant, of homeowners insurance as defined in division (B) of section 3929.42 of the Revised Code;
(D) Encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by authorized insurers;
(E) Provide for the equitable distribution among authorized insurers of the responsibility for insuring eligible property, for which basic property insurance cannot be obtained through the normal insurance market;
(F) Authorize the establishment of a FAIR plan (fair access to insurance requirements), and the Ohio fair plan underwriting association.