Ohio Specific Guaranty
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FAQ
Any student who scores 48 or higher on the reading subscore will be eligible for promotion to fourth grade at the end of the 2023-2024 school year, even if the student scores below 690 on Ohio's State Test for grade 3 English language arts.
The state insurance commissioner gives insurance guaranty associations their powers. Most of these organizations are funded with the money they collect from conducting assessments of member insurers. The total payout in most states is capped at $300,000 per individual.
Assessments are not unlimited. We can only assess our member insurers in any one-year 1.5% of their Ohio premium in the year prior to the insolvency.
The maximum total amount the Guarantee Association will provide for any one individual for life insurance and annuity coverage is $300,000, even if that individual is covered by multiple life insurance policies and annuities.
Life insurance death benefit: $300,000. Life insurance cash surrender: $100,000. Health insurance claims: $500,000 for major medical insurance/$300,000 for disability or long-term care insurance/$100,000 for other types of health insurance.
No individual may receive benefits aggregating more than $300,000 from the Guaranty Association as the result of the failure of any one insurer except with respect to benefits for major medical insurance in which case aggregate benefits cannot exceed $500,000.
The Ohio Guaranteed Transfer Pathways (OGTPs) are designed to provide a clear path to degree completion for students pursuing associate degrees who plan to transfer to an Ohio public university to complete their bachelor's degree.
RIMP REQUIREMENTS A school must create a RIMP for a student who is not on-track (reading below grade level) within 60 days of receiving the reading diagnostic results. The district must involve the student's parent or guardian and the classroom teacher in developing the plan.
