EDUCATION

OAPSLO is your source for information on Education and Career Development courses offered for new and seasoned insurance professionals.

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LEGISLATIVE ADVOCACY

OAPSLO continues to monitor and express our position on state and federal issues affecting the specialty lines industry.

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NETWORKING

OAPSLO offers exceptional networking opportunities for members. Our Annual Golf Outing and Spring and Fall Mixers are some of the specialty lines industry’s premier events.

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WHOLESALE VALUE

OAPSLO is committed to the value wholesale brokers bring to the insurance industry in placing specialty lines coverage.

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Affidavit/Notary Requirements to Change in Ohio

Ohio Governor John Kasich recently signed House Bill 64, also known as “Main Operating Budget FY2016-FY2017”. One of the many provisions of the bill includes a section that removes the requirement for a notarization section of the Affidavit (no longer called an Affidavit, it’s now an “Original Signed Statement)” from the insured when placing business with a nonadmitted carrier. The proposed amendments are included below in their entirety. As of this date (July 1, 2015) the “form” on the insurance department’s website still contains the affidavit with the notarization section. OAPSLO is pursuing clarification on when this provision change goes into effect, and when a new form will be available. [update] Information received from the Ohio Department of Insurance indicates the new rule goes into effect on September 29, 2015. The existing affidavit form should be used until then. The new “signed statement” form will be available and can be used starting September 30, 2015. We’ll update this article with a link to the new form, when available. [Important Update 08/20/2015] The Ohio Department of Insurance has released the new “Surplus Lines Statement”. It goes into effect on September 30, 2015 and is available for download at this link:  http://www.insurance.ohio.gov/Forms/Pages/FormsDetail.aspx?FID=1050 Pursuant to the “Nonadmitted and Reinsurance Reform Act of 2010,” 15 U.S.C. 8201 et seq., 124 Stat. 1589, or any successor or replacement law, where this state is the home state of the insured, an insurer shall be considered eligible to write insurance on an unauthorized basis in this state if either of the following are true: The insurer meets the requirements and criteria in sections 5A(2) and 5C(2)(a) of the... read more

Great American Announces Expanded Capacity for Pollution Products

Great American Insurance Group Environmental Announces Expanded Capacity for Pollution Products CINCINNATI — April 7, 2015 — Great American Insurance Group is pleased to announce $50 million per loss/$100 million policy aggregate limits of liability for its complete pollution product line. This expanded capacity, which is among the highest in the environmental insurance marketplace, can be offered on both a primary layer or on an excess of loss basis. John Reynolds, President of Great American’s Environmental Division, stated, “This major expansion, combined with our significant underwriting expertise and capabilities, places Great American Environmental as one of the elite insurers in the environmental liability arena.” Great American’s robust environmental liability products and expanded capacity are available to companies domiciled in the United States or Canada, including some associated international exposures, and are currently sold through retail and wholesale brokers throughout the U.S. and Canada. Great American’s Environmental Division offices are located in Plymouth Meeting, PA, San Francisco, CA, and New York, NY. Click Here to Access the Full Press... read more

NAPSLO Annual Convention Sept 9th

NAPSLO’s annual convention will be begin Sept 9th in San Diego. A number of OAPSLO members will be attending. We hope to see you there! From the NAPSLO website: The 2015 NAPSLO Annual Convention will be held September 9-11 in San Diego at the Manchester Grand Hyatt San Diego and Marriott Marquis San Diego Marina. The Embassy Suites San Diego Bay-Downtown will provide additional sleeping rooms. The Annual Convention offers unparalleled networking opportunities for NAPSLO members. Widely recognized as the premier event for the surplus lines industry, the Annual Convention is attended by 3,970 surplus lines professionals from the United States and Great Britain.... read more