What legal document must an insurance company file to implement rate changes in Ohio?

In Ohio, when an insurance company intends to implement changes to its rates, it is required to submit a rate filing application. This document provides the regulatory authorities with the necessary details about the proposed rates, including the rationale behind the changes and supporting data. The rate filing application ensures that the changes comply with state regulations and allows for proper oversight by the Ohio Department of Insurance. This process is intended to protect consumers and ensure that rates are justified and not discriminatory.

The other options do not fulfill this specific requirement. A standard application form is typically used for initial applications for insurance policies rather than for rate changes. A financial report provides a broader overview of the company’s financial health but does not specifically address rate changes. A consumer feedback report may inform the company about customer satisfaction or concerns but is not a formal requirement for implementing rate changes. Therefore, the rate filing application is the critical document needed for this process.