2006 Ohio Revised Code - 3905.49. False representation as independent agent prohibited.
§ 3905.49. False representation as independent agent prohibited.
(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.
(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.
HISTORY: RC § 3905.47, 138 v H 807 (Eff 7-18-80); 142 v H 1 (Eff 1-5-88); RC § 3905.49, 149 v S 129. Eff 9-1-2002.
Not analogous to former RC § 3905.49, amended and renumbered RC § 3905.14 in 149 v S 129, eff 9-1-2002.
The effective date is set by section 3 of SB 129.
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