Ohio Code 3905.49 – Prohibiting false representation as independent agent
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(A) As used in this section and section 3905.50 of the Revised Code, “independent insurance agent” means an insurance agent who is neither employed nor controlled solely by an insurer, whose agency contract with an insurer provides that upon termination of the contract, the ownership of the property rights of all expiration information vests in the agent or the agent’s heirs or assigns, and whose agency contract with an insurer permits the agent to represent concurrently other insurers of the agent’s choice.
Terms Used In Ohio Code 3905.49
- 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
- Contract: A legal written agreement that becomes binding when signed.
- Insurance: means any of the lines of authority set forth in Chapter 1739. See Ohio Code 3905.01
- Property: means real and personal property. See Ohio Code 1.59
(B) No agent other than an independent insurance agent shall represent self, or shall be represented, to the public as an independent insurance agent or agency.