The ODI provides consumer protection through education and regulation while promoting a stable and competitive environment for insurance companies.
It was created under the authority of section 121.02 of the Ohio Revised Code (ORC) and is administered by the Director of Insurance.
Insurance companies operating in the state of Ohio are subject to regulation under Title 39; and depending upon the entity of the organization, Chapters 1751 and 1753 of the ORC.
The department also determines if services and benefits offered by companies are consistent with insurance policy provisions and Ohio law, reviews and approves more than 6,200 company filings per year for life, accident, health, managed care, and property and casualty policy forms and rates.
The Director of Insurance, who is appointed by the Governor, heads the department, which employs approximately 248 full-time permanent staff.