1301:8-4-12 Cancellation charge.

(A) For purposes of sections 1321.71 to 1321.84 of the Revised Code, “date of cancellation” shall mean the date specified in the notice of cancellation mailed by the licensee to the insurer.

(B) A cancellation charge may be assessed on or after the date of cancellation.

(C) In the event of reinstatement of a canceled insurance policy, a cancellation charge may be assessed each additional occasion that a notice of cancellation is mailed by the licensee to the insurer.

HISTORY: Eff. 7-10-95; 6-3-04

Rule promulgated under: RC 119.03

Rule authorized by: RC 1321.77

Rule amplifies: RC 1321.80

R.C. 119.032 review dates: 03/19/2004 and 05/24/2009