The Ohio FAIR Plan is committed to providing prompt, professional, and courteous service. All
activities must strictly adhere to the governing legal and regulatory frameworks, including the
Ohio Revised Code and the
Administrative Rules
of the Ohio Department of Insurance.
History
In the late 1960’s, the Ohio Department of Insurance asked that the Ohio Insurance Institute formulate a
FAIR Plan for Ohio. The Ohio FAIR Plan Underwriting Association (OFPUA) was created under the Ohio Revised Code.
The statute provided for OFPUA’s issuance of Basic Property Insurance (fire, extended coverage-windstorm, hail,
aircraft damage, riot, vehicle damage, explosion, and smoke, and vandalism and malicious mischief) for eligible
property at "standard" rates. This coverage was to be provided through an association of all property insurers
writing coverage in the State of Ohio. These insurers participate in the losses (and profits) of OFPUA in direct
proportion to their premium volume in the state.
Initially, OFPUA coverage was available only in 10 major urban areas of Ohio. By 1977, the entire state of Ohio
was designated as eligible for OFPUA coverage. Since 1981, OFPUA has had Homeowners Insurance available for 1 and/or
2 family owner-occupied properties. The availability of Homeowners coverage provided the opportunity for theft and
liability coverage for these properties.
The FAIR Plan is committed to providing quality service to the insurance industry, the insuring public and its agents,
and the Board of the FAIR Plan and its committees. The service contemplates timely processing, as well as professional
and courteous handling of matters. These activities must be accomplished within the framework established by Ohio Revised
Code, Administrative Rule of the Ohio Department of Insurance, and OFPUA’s Underwriting Guidelines.