PREMIUM FINANCE COMPANIES
The Division of Financial Institutions regulates insurance premium finance companies in Ohio pursuant to
Sections 1321.20, 1321.71
to 1321.83, and 1321.99
of the Ohio Revised Code.
A person wishing to engage in the business of entering into or otherwise acquiring premium finance agreements in Ohio must first
obtain a license as a premium finance company.
Instructions and the forms required to apply for a premium finance license can be obtained at
The Division will investigate the applicant to determine whether they meet all the statutory requirements for licensure under the act.
Licenses must be renewed annually. Each insurance premium finance company location must be individually licensed. If an office is to
be relocated, the licensee must obtain a new license from the Division prior to conducting business at the new location.
Licensees are responsible for understanding and complying with the applicable statutes. The Division will periodically examine
licensees for compliance with Ohio law and has the power to issue subpoenas in the process of conducting examinations and investigations.
In addition, the Division may deny applications for licensure, revoke, suspend, or refuse to renew licenses, or impose fines against
licensees pursuant to the Ohio Administrative Procedures Act, Chapter 119 of
the Ohio Revised Code.
Questions regarding the industries regulated by Consumer Finance may be e-mailed to: email@example.com