This course provides basic information on Ohio state statutes, rules, and regulations common to all lines of insurance including responsibilities of the Superintendent of Insurance, licensing requirements, unfair trade practices, bail bond procedures including discharging bail, collateral, bond posting and transfers, bail recovery, responsibilities of surety bail bond agents including agent liability, reporting requirements, fiduciary responsibility, and definitions pertaining to bail bonds.
You can study on your own time, when and where you wish – its just you and the material! You will be required to pass an examination before you receive a Certificate of Course Completion. This, of course, means you have to pass a proctored exam* before you can take the state exam.
As a part of the Five Year Rule Review, several updates were made to the Ohio Administrative Code. These changes became effective November 14, 2019. Attached to this email are the revised forms that must be used effective January 1, 2020.
As an Ohio Approved Pre-licensing Education Provider, there are a few updates that specifically impact your business. Below is a brief overview of the items that are of greatest importance to our Pre-licensing Providers. Please take time to review the code in its entirety at http://codes.ohio.gov/oac/3901-5 to ensure that you maintain compliance with the laws in their current form.
The Department is very excited about the rule changes and the flexibility they give you so that you can utilize more technologically advanced methods to satisfy your customer needs. Please review the rules and contact the Department with any questions that you may have.