Ohio Admin. Code 4501:1-2-05 - Self-insurance
(A) Any person in whose name more than
twenty-five motor vehicles are registered in this state may qualify as a
self-insurer by obtaining a certificate of self-insurance issued by the
registrar of motor vehicles as provided in division (B) of section
4509.72 of the Revised Code and
this rule. The registrar shall
will prescribe a definite term of not more than five
years for each certificate.
(B) The
registrar shall
may issue a certificate of self-insurance upon receipt
of an "Application for Self-Insurance General" form "BMV 3148"
(5/18)
(7/22).
The application is available via the Ohio bureau of motor vehicles website at
https://www.bmv.ohio.gov/doc-forms.aspx
, if the registrar determines that all of the following
conditions are met:
http://www.bmv.ohio.gov/bmv_forms.stm.
(1)
The applicant
operates more than twenty-five motor vehicles that are registered in this state
and are either owned or leased by the applicant;
(2)
The applicant is
financially solvent, and not subject to any actions in bankruptcy, trusteeship,
receivership or any other court proceeding in which the applicant's financial
solvency is in question;
(3)
The applicant has a net worth of at least one hundred
thousand dollars and sufficient reserves to pay any judgment likely to be taken
against the applicant arising out of the operation, maintenance or use of any
motor vehicle;
(4)
The applicant has no judgments taken against him that
have remained unsatisfied more than thirty days after becoming
final;
(5)
There are no other factors that cause the registrar to
believe the applicant is not of sufficient financial ability to pay judgments
against the applicant.
(C) The registrar shall issue a
certificate of insurance if the registrar determines that all of the following
conditions are met:
(1) The applicant operates more than
twenty-five motor vehicles that are registered in this state and are either
owned or leased by the applicant;
(2) The applicant is financially
solvent, and not subject to any actions in bankruptcy, trusteeship,
receivership or any other court proceeding in which the applicant's financial
solvency is in question;
(3) The applicant has a net worth of
at least one hundred thousand dollars and sufficient reserves to pay any
judgment likely to be taken against the applicant arising out of the operation,
maintenance or use of any motor vehicle;
(4) The applicant has no judgments
taken against him that have remained unsatisfied more than thirty days after
becoming final;
(5) There are no other factors that
cause the registrar to believe the applicant is not of sufficient financial
ability to pay judgments against the applicant.
(1) The corporation is a nonprofit
corporation in good standing with the Ohio secretary of state under Chapter
1702. of the Revised Code;
(2)
Members of the nonprofit corporation operate more than twenty-five motor
vehicles that are registered in this state and are either owned or leased by
them;
(3) One of the purposes of
the nonprofit corporation is to allow its members to pool their risks in the
operation of motor vehicles;
(4)
The nonprofit corporation is financially solvent, and not subject to any
actions in bankruptcy, trusteeship, receivership or any other court proceeding
in which the nonprofit corporation's financial solvency is in
question;
(5) The nonprofit
corporation maintains a reserve of at least one hundred thousand dollars to
assure payment of any judgment taken against its covered members arising out of
the operation, maintenance or use of a motor vehicle;
(6) Neither the nonprofit corporation nor any
of its covered members has any judgments arising out of the operation,
maintenance or use of a motor vehicle taken against them which have remained
unsatisfied for more than thirty days after becoming final; and
(7) There are no other factors which cause
the registrar to believe that the nonprofit corporation is not of sufficient
financial ability to pay judgments against it or its covered members.
(1) Members of the regligious
religious
organization operate more than twenty-five motor vehicles which are registered
in this state and are either owned or leased by them;
(2) The members hold a common belief in
mutual financial assistance in time of need to the extent that they share in
financial obligations of other members who would otherwise be unable to meet
their obligations;
(3) The
religious organization is financially solvent, and not subject to any actions
in bankruptcy, trusteeship, receivership or any other court proceeding in which
the organization's financial solvency is in question;
(4) Neither the religious organization nor
any of its participating members has any judgments arising out of the
operation, maintenance or use of a motor vehicle taken against them which have
remained unsatisfied for more than thirty days after becoming final;
and
(5) There are no other factors
which cause the registrar to believe that the religious organization and its
members are not of sufficient financial ability to pay judgments taken against
them.
Notes
Promulgated Under: 119.03
Statutory Authority: 4501.02, 4509.101
Rule Amplifies: 4509.101, 4509.72, 4509.45
Prior Effective Dates: 04/20/1995, 03/31/2015, 03/01/2020
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