automobile residual market consists of licensed drivers unable
to purchase automobile insurance through Ohio’s voluntary
market due to a variety of factors, such as their driving history
or status as a first-time driver. The OAIP often charges the highest
rates in the state and is a “last resort” for licensed
drivers that can’t obtain auto insurance coverage elsewhere.
insurance industry established a mechanism in each state as a
means to provide coverage for these drivers unable to obtain
coverage. However, each
OAIP applicant is required to meet eligibility requirements as
specified in the
Ohio Automobile Insurance Plan manual.