Bill > SB175

This bill amends sections of the Ohio Revised Code regarding insurance regulations and taxes. The key provisions are: This bill amends various sections of the Ohio Revised Code related to insurance regulations and taxes. It requires the Superintendent of Insurance to amend the base inventory of regulatory restrictions to remove restrictions necessary to meet accreditation requirements. It also applies changes to the insurance premium tax to annual statements filed in 2021 and thereafter, allowing for refund applications if the changes result in a tax reduction. The bill also establishes new regulations for pet insurance policies, including required disclosures, waiting periods, preexisting condition exclusions, and the separation of wellness programs from insurance. The provisions related to pet insurance take effect 90 days after the bill's effective date.

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https://www.legislature.ohio.gov/legislation/135/sb175