We were excited to see that Ohio Governor John Kasich signed H.B. 177 into law earlier this week. The legislation paves the way for captives and special purpose vehicles to call the Buckeye State home.
Captives that domicile in Ohio will be able to insure commercial lines of insurance such as commercial multiple peril, marine, medical malpractice and workers‘ compensation.
Ohio now joins a growing list of 30 U.S. states that allow captives.
More details about Ohio’s captive legislation can be found in H.B. 117.