Report Report - Ohio Department of Insurance - State of Ohio
Report Report - Ohio Department of Insurance - State of Ohio
Report Report - Ohio Department of Insurance - State of Ohio
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Accomplishments<br />
<strong>Department</strong> Unveils CHAT Research Tool to Gather<br />
Health Coverage Data<br />
The <strong>Ohio</strong> <strong>Department</strong> <strong>of</strong> <strong>Insurance</strong> and partner organizations the American<br />
Association <strong>of</strong> Retired Persons (AARP), the Free Clinics Association, Access<br />
Health Columbus, St. Vincent Charity Hospital and the Academy <strong>of</strong> Medicine<br />
<strong>of</strong> Cleveland and Northern <strong>Ohio</strong> (AMCNO) took the Choosing Healthplans All<br />
Together (CHAT) research tool across the state to gather data about <strong>Ohio</strong>ans’<br />
decision making process regarding health coverage. Participants<br />
are faced with making choices about health benefits packages<br />
with limited resources. The information gathered from the<br />
community CHAT sessions will provide valuable information on<br />
consumer views regarding health coverage reforms in <strong>Ohio</strong>.<br />
STOLI Legislation Protects <strong>Ohio</strong>’s Seniors<br />
The <strong>Ohio</strong> General Assembly enacted Amended Substitute House<br />
Bill 404, which included amendments to the <strong>Ohio</strong> <strong>Insurance</strong><br />
Code that would help to limit Stranger Originated Life <strong>Insurance</strong><br />
(STOLI) transactions in <strong>Ohio</strong>. The legislation was supported by<br />
the <strong>Ohio</strong> <strong>Department</strong> <strong>of</strong> <strong>Insurance</strong>. Amended Substitute House<br />
Bill 404 protects consumers against STOLI transactions, where<br />
investors prey on seniors and misuse life insurance for their own<br />
gain, and strengthens the <strong>Department</strong>’s oversight authority over<br />
the conduct <strong>of</strong> all viatical sales and life settlements.<br />
<strong>Department</strong> Continues Fight Against Unsuitable Sales<br />
Practices to Seniors<br />
The <strong>Department</strong> continued its pledge on behalf <strong>of</strong> <strong>Ohio</strong>’s seniors to fight<br />
unsuitable practices by those selling certain Medicare, annuity and Stranger/<br />
Investor Originated Life <strong>Insurance</strong> (STOLI) by holding statewide speaking<br />
engagements and senior summits along with workshops with the insurance<br />
industry. These efforts were complimented by the creation <strong>of</strong> special sections<br />
on the <strong>Department</strong>’s web site, tip sheets and brochures, and news article<br />
placement and other media coverage initiatives.<br />
19<br />
www.insurance.ohio.gov