New Agent Information
Are you a new agent?
If you've never (or "it's been years" since you've) used the Ohio FAIR Plan
Underwriting Association (OFP), you may have questions about how to get started.
Below are the basic steps to apply for coverage through OFP.
OFP has no agents.
OFP does not employ agents. However, you have a responsibility to assist individuals
in applying to OFP. Remember that you have no binding authority for OFP. When
assisting individuals in applying for coverage, you actually serve as their agent,
Getting the application started.
To submit an application, go to Agent Online Services and request a login ID.
After you have received your ID confirmation and password, you can start
submitting applications (please note that there is a one business day lag
after receiving your login ID before you can submit a binder deposit premium
Select the application that best fits the type of property for
which type of coverage is desired. Read the
application and eligibility requirements to ensure that the applied property
will meet the program requirements.
Along with the Applicant, read and complete the application in its entirety.
Attach photos of all structures sought to be insured. Photos must be no more
than six months old. We do not accept auditor, appraisal, or copied pictures.
Make certain that all questions are answered correctly and completely.
Submit the appropriate binder deposit premium if binder coverage is desired.
OFP accepts several different payment methods,
including electronic payment and mailing a payment with a coupon.
Note that the earliest possible effective date of coverage is the day following
OFP's receipt of a completed application, photos, and binder deposit premium.
When can I expect to get the binder?
The application will be reviewed by an OFP underwriter, who will determine eligibility
for coverage. If the application is approved, an inspection of the property will be
ordered, and a binder will be issued. All applications are subject to underwriting
review, so do not assume that coverage will be provided or that it will be provided as
The binder declarations page will be available online after coverage is bound.
You may request a faxed binder on the Agent Comments section of the application.
Please provide the name and fax number to where the binder should be sent. The
need for a faxed binder should be limited to closings for new purchases or
refinance situations. Note that we need a minimum of 2 business days to process
a faxed binder.
When will I get the policy replacing the binder?
This will take approximately 45-60 days from the date OFP received the application.
When the inspection comes into our office, an underwriter will review it and
re-evaluate the coverage. The underwriter may subsequently take one of the following
Issue and mail a policy and a premium invoice, if appropriate, for the coverage
approved for issuance. These will be mailed to all interested parties including
the insured's agent. The insured will have 45 days to submit the balance due, if
any. If the premium invoiced is not received, the policy will be canceled for
non-payment of premium.
Issue a Notice of Cancellation indicating the reasons for non-eligibility. This
notice will be mailed to all interested parties including the insured's agent.
If the binder deposit premium was sufficient to pay the earned premium for the
coverage that has been provided, any return premium will be mailed payable to the
insured. If the earned premium exceeds the binder deposit premium, an invoice
will be issued and mailed to all interested parties including the insured's agent.
What if I don't need a binder?
If you would simply like a quote for future coverage, you may want to send the
completed application without the binder deposit premium. We will:
Underwrite the application,
Order an inspection, and
Underwrite the inspection when the inspection comes into OFP's office and either:
Issue and mail a premium quotation to all interested parties including the
applicant's agent. The quote will stay "active" for 40 days and, if the full
premium is submitted, we will issue a policy effective the day following our
receipt of that premium; or
Issue and mail a declination/notice of non-eligibility to all interested
parties including the applicant's agent. This document will indicate the
reasons for which coverage is being declined.
Will I be paid a commission?
Although you are not an agent for OFP, we will pay a commission to any resident licensed
agent (and any nonresident agent affiliated with a resident agent who assisted the customer).
For residential property, the commission paid is 12% of the earned premium. For
commercial property, the commission rate is 10%.
OFP's commission payments are issued the first week of the month following OFP's issuance
of a policy or "positive" premium-affecting endorsement.
Return commission for a policy cancellation is billed via a Monthly Agency Commission
Invoice unless OFP owes commission for other policies to the agency. This invoice will be
issued during the first week of the month following the effective date of the cancellation
or "negative" premium-affecting endorsement. If OFP does owe commission for some policies
and the agency owes return commission for other policies, the agency's return commission
will be netted out of the commission owed the agency by OFP. In this case, the detail of
the various transactions will be shown on the Monthly Agency Commission Statement mentioned
here for our bulletin regarding commissions.