PIE Mutual Insurance v. Ohio Insurance Guaranty Ass'n

This case presents for our consideration the extent of OIGA’s liability under R.C. Chapter 3955.2 The central issue is whether OIGA is required to reimburse two insurance carriers for a pro-rata share of amounts the insurers paid to settle a medical malpractice action.

I

At the outset, it is important to recognize the General Assembly’s purpose behind the enactment of R.C. Chapter 3955, the Ohio Insurance Guaranty Association Act (the “Act”). To this effect, former R.C. 3955.03 specifically stated:

“The purposes of sections 3955.01 to 3955.20, inclusive, of the Revised Code are to provide a…