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Sen. Lang outlines six updates in S.B. 306 to modernize Ohio insurance code
Summary
Sponsor Senator Lang told the Financial Institutions, Insurance and Technology Committee S.B. 306 would add electronic signature authority, consumer protections for repair shops, towing statute fixes, codify special purpose financial captives, license unaffiliated agents, and strengthen assigned‑risk anti‑fraud provisions.
Senator Vernon Lang, sponsor of Senate Bill 306, told the Senate Financial Institutions, Insurance and Technology Committee that the measure makes a series of technical and policy updates to Ohio’s insurance code intended to keep the state competitive and protect consumers and insurers.
"I call this and I'm excited to bring forward to you the most boring bill that you will see in this GA," Lang said in sponsor testimony, before outlining six principal changes.…
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