Financial Responsibility (motor vehicles)

What this document is

Ohio Revised Code Chapter 4509 - Financial Responsibility (motor vehicles) (complete chapter, all 81 sections 4509.01 through 4509.81) is a state statute published by Ohio Legislative Service Commission (codes.ohio.gov). It is one of the Ohio documents that insurance license exam questions are written from, including ohio property & casualty, ohio personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Ohio Rev. Code § 4509.101(A)(1) (Operating a motor vehicle without proof of financial responsibility)

  “(A)(1) No person shall operate, or permit the operation of, a motor vehicle in this state, unless proof of financial responsibility is maintained continuously throughout the registration period with respect to that vehicle, or, in the case of a driver who is not the owner, with respect to that...”

• Ohio Rev. Code § 4509.70(H)(6)(d) (Assigned risk plan; agent may assume insurer declines)

  “(d) An insurance agent may assume that an authorized insurer declines to provide coverage to the applicant seeking insurance upon either of the following: (i) Receiving notice from the insurer declining coverage; (ii) Receiving no response from the insurer within ten days after the date the...”

• Ohio Rev. Code § 4509.51(B) (Requirements for owner's liability insurance)

  “(1) Twenty-five thousand dollars because of bodily injury to or death of one person in any one accident; (2) Fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident; (3) Twenty-five thousand dollars because of injury to property of others in any one accident.”

• Ohio Rev. Code § 4509.56 (Binder fulfills requirements)

  “Any binder issued pending the issuance of a motor-vehicle liability policy fulfills the requirements for such a policy.”

• Ohio Rev. Code § 4509.52 (Requirements for operator's insurance)

  “Every operator's policy of liability insurance shall insure the person named as insured against loss from the liability imposed upon him by law for damages arising out of the use by him of any motor vehicle not owned by him, within the same territorial limits and subject to the same limits of...”

• Ohio Rev. Code § 4509.53(D) (Provisions incorporated into policy by law)

  “The policy, the written application therefor, and any rider or indorsement which does not conflict with sections 4509.01 to 4509.78 of the Revised Code, shall constitute the entire contract between the parties.”

• Ohio Rev. Code § 4509.104 (Conspicuous warning that policy does not meet minimum amounts)

  “Any automobile insurance policy that does not provide liability coverage at the time of issuance of at least the minimum amounts provided under division (K) of section 4509.01 of the Revised Code for proof of financial responsibility shall contain a clear and conspicuous warning on the face of the...”

• Ohio Rev. Code § 4509.53 (Provisions incorporated into policy by law)

  “Every motor-vehicle liability policy is subject to the following provisions which need not be contained therein: (A) Subject to the terms and conditions of the policy, the liability of the insurance carrier with respect to the insurance required by sections 4509.01 to 4509.78 of the Revised Code,...”

• Ohio Rev. Code § 4509.70(H)(6)(a) to (c) (Plan for apportionment of applicants for insurance; agent due diligence)

  “(a) An insurance agent shall not submit an application to the plan for automobile insurance coverage unless the agent exercises due diligence in confirming that the person seeking insurance is unable to obtain coverage through an insurer authorized to do business in this state. (b) For the purposes...”

• Ohio Rev. Code § 4509.54 (Permissible exclusions of liability policies)

  “A motor-vehicle liability policy need not insure any liability under any workers' compensation law, or any liability on account of bodily injury to or death of an employee of the insured while engaged in the employment, other than domestic, of the insured, or while engaged in the operation,...”

• Ohio Rev. Code § 4509.51(B)(1) to (B)(3) (Requirements for owner's liability insurance; monetary limits)

  “(B) Shall insure the person named therein and any other person, as insured, using any such motor vehicles with the express or implied permission of the insured, against loss from the liability imposed by law for damages arising out of the ownership, maintenance, or use of such vehicles within the...”

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