Ohio Code § 3960.05

§ 3960.05.

(A) Sections 3955.01 to 3955.19 of the Revised Code do not apply to risk retention groups.  No risk retention group shall be required or permitted to join or contribute financially

to the Ohio insurance guaranty association or similar mechanism in this state.  No risk retention group, or its insureds or claimants against its insureds, shall

receive any benefit from any such association or mechanism for claims arising under

the insurance policies issued by the risk retention group. (B) When the laws of this state or any of its political subdivisions require any person

to obtain liability insurance as a condition of licensure, approval, permission, or

other authorization, the insurance may be obtained from a risk retention group as

defined in division (J) of section 3960.01 of the Revised Code , if the public agency administering those laws has made a determination that the

protection of the Ohio insurance guaranty association provided by Chapter 3955. of

the Revised Code is not necessary and that insurance provided by a risk retention

group is acceptable to the public agency under the standards of the law that it administers. (C) When a purchasing group obtains insurance covering its members' risks from an insurer

not authorized in this state or a risk retention group, the risks are not covered

by any insurance guaranty association or similar mechanism in this state. (D) When a purchasing group obtains insurance covering its members' risks from an authorized

insurer, only risks resident or located in this state shall be covered by the state

guaranty association subject to Chapter 3955. of the Revised Code.