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Committee accepts technical amendment and hears Ohio Insurance Institute on broad insurance‑code changes
Summary
Committee adopted amendment 1268 by unanimous consent to substitute Senate Bill 306 and heard proponent testimony from Michael Farley of the Ohio Insurance Institute on towing and storage reforms, repair‑shop consumer protections, assigned‑risk plan underwriting changes, special‑purpose captive reinsurance clarifications and licensing of unaffiliated agents.
The committee took up substitute Senate Bill 306 for a second hearing and, at the chair’s request, Vice Chair Lang moved to amend the substitute with amendment number 1268; the amendment was explained as technical and, seeing no objections, the amendment was adopted into the substitute bill by unanimous consent.
Michael Farley, appearing for the Ohio Insurance Institute, summarized a range of changes in the substitute bill. On towing and storage, Farley said insurers would have 30–45 days to file an action to recover a…
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