Ohio Admin. Code 4501-1-06

Current through all regulations passed and filed through December 9, 2024

Section 4501-1-06 - Insurance coverage

The director shall not issue a license to any person, and may revoke, suspend, or take other appropriate action on any license held by any person who does not have or does not maintain in effect either of the following:

(A) Minimum insurance coverage in the amounts of:

(1) Bodily insurance liability - $500,000 per person.

(2) Bodily insurance liability - $1,000,000 per accident occurrence.

(3) Property damage liability - $500,000 per accident occurrence.

(4) Medical payment - $5,000 per person.

(B) An insurance policy with minimum umbrella coverage of $1,000,000.

Ohio Admin. Code 4501-1-06

Five Year Review (FYR) Dates: 10/16/2017 and 10/01/2022
Promulgated Under: 119.03
Statutory Authority: 4511.76
Rule Amplifies: 4511.76, 4511.763
Prior Effective Dates: 10/21/1966, 04/01/1998, 05/22/2003, 01/01/2008

R.C. 119.032 review dates: 11/26/2012 and 10/16/2017
Promulgated Under: 119.03
Statutory Authority: R.C. 4511.76
Rule Amplifies: R.C. 4511.76, R.C. 4511.763
Prior Effective Dates: 10/21/66, 4/1/98, 5/22/03, 1/1/08