Ohio Fair Plan Underwriting Association

What Ohio Fair Plan Underwriting Association does

The Ohio Fair Plan Underwriting Association (OFP) is a state-mandated joint underwriting association established in 1968 under Ohio Revised Code 3929.41 et seq., providing basic property insurance to Ohio property owners who have been declined by at least two insurers in the voluntary market. The association is supported by approximately 800 property insurers authorized to write fire insurance in Ohio, each of which is a mandatory member and participates in writings, expenses, profits and losses in proportion to its Ohio premium volume. OFP offers a defined product set — Dwelling Property (DP 0001), Homeowners (HO 0008/0003/0006/0004), Commercial Property (CP 0082), Farm Fire, Crime, Rehabilitation, and Mine Subsidence (via OMSIUA) — with statewide coverage since 1977.

The technology stack is a web-based insurance platform supporting online quoting, agent application submission, member-company servicing, customer self-service, document upload, and a 2023-launched mobile app. Underwriting and rating rules are state-approved, and policies are bound exclusively through licensed Ohio property and casualty agents, who receive 10% (commercial) and 12% (residential) commission. OFP also operates the Blue Ribbon Arson Committee (since 1973) as a community-facing fraud-prevention program.

OFP's revenue comes from insurance premiums at state-approved rates and assessments levied against member insurers; it is exempt from most state and local taxes. The association is governed by a 12-member Board of Governors (4 gubernatorial appointments plus 8 member-company representatives) under the regulatory oversight of the Ohio Superintendent of Insurance.

Name

Ohio Fair Plan Underwriting Association

Legal name

Ohio Fair Plan Underwriting Association

Website

https://ohiofairplan.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

The Ohio Fair Plan Underwriting Association is a state-mandated joint underwriting association, backed by ~800 Ohio property insurers, providing basic property insurance statewide to owners declined by the voluntary market.

Ownership category

akta.pro rank

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Insurance Premiums: The Ohio FAIR Plan collects premiums from policyholders for basic property insurance and homeowners coverage. Premiums are based on rates approved by the Ohio Superintendent of Insurance. As a joint underwriting association, the Plan shares losses with member insurers in direct proportion to their premium volume in Ohio.
2. Member Assessments: The Plan levies assessments against member insurers to cover operating costs and deficits. Member insurers may recoup these assessments by adjusting their premiums with a rating factor approved by the superintendent.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

The Ohio Fair Plan Underwriting Association (OFP) is a state-mandated joint underwriting association created under Ohio Revised Code Section 3929.41 et seq. that provides basic property insurance coverage to Ohio property owners who have been unable to secure coverage through the voluntary insurance market (declined by at least two insurers). Coverage is sold through Ohio-licensed property and casualty agents at standard rates approved by the Ohio Superintendent of Insurance, with members sharing losses proportionally to their Ohio premium volume.

Product overview

Ohio Fair Plan Underwriting Association is a state-mandated property insurance pool that provides basic property insurance coverage for eligible properties unable to obtain coverage through the voluntary insurance market. The organization operates as a joint underwriting association offering multiple coverage types: Dwelling Property (DP 0001) and Homeowners (HO 0008, HO 0003, HO 0006, HO 0004) for residential properties; Commercial Property (CP 0082) for commercial establishments and apartment buildings; Farm Fire Coverage for agricultural properties; Crime Coverage (Residential and Commercial) for burglary and robbery protection; Rehabilitation Coverage for vacant properties under renovation; and Mine Subsidence Coverage through a partnered association. All coverage requires properties to meet underwriting standards and be denied by at least two insurance companies. The association also administers the Blue Ribbon Arson Committee (BRAC) program to combat arson in Ohio.

Differentiator

Problem solved

Functional benefit

Products and services

• Dwelling Property Coverage (DP 0001) Property insurance coverage for 1-4 family dwellings (owner-occupied or tenant-occupied), mobile/manufactured homes, condominiums, and seasonal properties. Covers perils including fire, lightning, explosion, windstorm, hail, and optional earthquake coverage. Minimum coverage of $1,000 required; total coverage cannot exceed $1,500,000 with minimum premium of $100.
• Homeowners Coverage (HO 0008, HO 0003, HO 0006, HO 0004) Multi-peril insurance coverage for owner-occupied 1-4 family dwellings, including HO 0008 (comprehensive), HO 0003 (open perils on dwelling/structures, named perils on personal property), HO 0006 (condominium unit owners), and HO 0004 (renters). Includes personal liability and medical payments coverage.
• Commercial Property Coverage (CP 0082) Insurance coverage for commercial (non-manufacturing) establishments and apartment buildings with 5 or more units. Covers perils including sonic boom, windstorm, aircraft, vehicles, riot, sinkhole collapse, and volcanic action. Agent commission of 10% on earned premium; maximum liability of $2 million per location across all combined policies.
• Farm Fire Coverage Commercial Farm Fire Form coverage for eligible farm property including dwellings, tools, machinery, harvested crops, farm buildings, and livestock. Covers basic perils including fire, lightning, windstorm, hail, explosion, smoke, vandalism, theft, and collision. Designed for active farms where over 50% of crops/livestock is produced for sale.
• Crime Coverage (OCR-2 and OCI-C-2) Residential Crime (OCR-2) and Commercial Crime (OCI-C-2) coverage providing protection against burglary, robbery, and damage during burglary or robbery. Available in coverage amounts from $1,000 to $10,000 (residential) and up to $15,000 (commercial).
• Rehabilitation Coverage Property insurance coverage for vacant properties undergoing significant formal rehabilitation. Covers fire and extended coverages with optional vandalism and malicious mischief for residential dwellings. Maximum coverage period of one year.
• Mine Subsidence Coverage Coverage through the Ohio Mine Subsidence Insurance Underwriting Association for 1-4 family dwelling structures against collapse or movement resulting from underground mine caving. Covers coal, clay, limestone, and salt mines.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Blue Ribbon Arson Committee (BRAC)minorOthers · 1 January 1973OFP has operated the Blue Ribbon Arson Committee since 1973 to bring together law enforcement officers, firefighters, and insurance industry personnel to combat arson. Programs include cash rewards for information leading to arson convictions and an art contest for students.
• Ohio Mine Subsidence Insurance Underwriting Association (OMSIUA)coreStrategic or Co-development PartnerOFP provides administrative and claims adjusting services to OMSIUA under contract approved by the Ohio Superintendent of Insurance. The partnership allows OFP policyholders to obtain mine subsidence coverage through a single application process. Common expenses are allocated between the organizations on an equitable basis.
• Ohio Commercial Joint Underwriting AssociationminorStrategic or Co-development PartnerOFP provides administrative and claims adjusting services to the Ohio Commercial Joint Underwriting Association under contract with superintendent approval.
• All Property Insurers Authorized in OhiocoreOthersApproximately 800 property insurers authorized to write property insurance in Ohio are mandatory members of the Ohio FAIR Plan. Each company shares in losses in direct proportion to its premium volume in Ohio. Members must participate in writings, expenses, profits, and losses of the association.
• Property Insurance Plans Service Office (PIPSO)minorOthersNational organization serving FAIR Plans and similar property insurance pools. Referenced as a resource for industry information and best practices.
• Ohio Insurance InstituteminorOthersFormulated the FAIR Plan for Ohio at the request of the Ohio Department of Insurance following the Federal Riot Reinsurance Act of 1968.
• Ohio Insurance Agents AssociationminorChannel Partner/ Reseller/ DistributorState association providing annual seminars that include OFP training. Licensed agents use this channel for continuing education on FAIR Plan products.
• Insurance Board of Northern OhiominorChannel Partner/ Reseller/ DistributorRegional association providing annual seminars including OFP training for agents in northern Ohio.
• Cincinnati Insurance BoardminorChannel Partner/ Reseller/ DistributorRegional association providing annual seminars including OFP training for agents in the Cincinnati area.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Pennsylvania FAIR Plan: Pennsylvania's residual-market property insurance association providing basic fire and extended coverage for property unable to obtain insurance in the voluntary market. Direct FAIR Plan peer with the same joint-underwriting framework as OFP.
• Illinois FAIR Plan Association: Illinois' joint underwriting association providing basic property insurance in the voluntary market's residual space. Mirrors OFP's structure as a state-mandated pool with mandatory membership for all authorized property insurers and agent-based distribution.
• California FAIR Plan Association: California's state-mandated property insurance joint underwriting association serving homeowners and commercial property owners unable to obtain coverage in the voluntary market. Operates the same residual-market FAIR Plan model as OFP, with mandatory insurer participation, agent-only distribution, and statutory oversight.
• Florida Citizens Property Insurance Corporation: Florida's residual-market property insurer of last resort, providing residential and commercial wind and property coverage to applicants unable to find coverage in the voluntary market. Operates under a similar joint-underwriting/mandated-membership framework backed by all authorized Florida property insurers.
• Texas Windstorm Insurance Association (TWIA): Texas's statutorily created residual-market property insurer providing windstorm and hail coverage along the Texas Gulf Coast. Functions under the same FAIR Plan-style model as OFP — joint underwriting, mandatory insurer participation, and statutory rate-setting oversight.
• New York Property Insurance Underwriting Association (NYPIUA): New York's FAIR Plan equivalent, providing basic property and crime coverage for property owners unable to obtain insurance in the voluntary market. Operates as a joint underwriting association with all licensed New York property insurers as members, directly comparable in structure to Ohio's OFP.
• Louisiana Citizens Property Insurance Corporation: Louisiana's residual-market property insurer of last resort, offering personal and commercial property coverage to applicants unable to secure insurance in the voluntary market. Same statutory joint underwriting model, with member assessments and a clear regulatory mandate to absorb non-standard risks.
• New Jersey FAIR Plan: New Jersey's state-mandated basic property insurance association for property owners unable to obtain coverage in the voluntary market. Same model as OFP: joint underwriting association, all-licensed-insurer membership, distribution exclusively through licensed agents.
• Massachusetts Property Insurance Underwriting Association: Massachusetts' FAIR Plan equivalent, providing basic property insurance for risks declined by the voluntary market. Operates under a comparable statutory joint underwriting structure with broad insurer membership.

Others

• Property Insurance Plans Service Office (PIPSO): National service organization supporting all U.S. FAIR Plans and similar property insurance pools. Provides industry coordination, training, and best-practice resources to OFP and its direct peers, but does not itself underwrite insurance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ohio Fair Plan Underwriting Association