--- title: "Digital asset business insurance in Ohio" description: "Review Ohio's digital-asset licensing and custody rules before comparing cover for exchanges, custodians, wallets, or kiosks." canonical: "https://spot.insure/coverage/digital-assets/ohio" page-type: "coverage-state-guide" updated-at: "2026-09-29" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/digital-assets/ohio) # Digital asset business insurance in Ohio Ohio licenses a person that receives money or its equivalent from an Ohio resident for transmission, while its statutory “money” definition is tied to government-issued currency. Ask the regulator about token-only activity rather than assuming it is covered. FinCEN separately classifies personal use differently from businesses that exchange, administer, or transmit virtual currency, so give your broker the exact customer, custody, and transfer flow before comparing policy terms.[^1][^2] **Coverage:** [Digital assets](/coverage/digital-assets) · [Ohio](/coverage/states/ohio) ## What Is Digital Assets? Digital-asset coverage may address custody, theft and business-liability risks, but a custodian’s policy may protect the custodian rather than you. If you hold or safeguard assets, verify the insured entity, wallets, key-loss protection and valuation. [Read the national Digital assets guide](/coverage/digital-assets). ## What to Watch for in Ohio ### Map the State-Law Trigger The definition distinguishes receiving funds for transmission from a retail seller taking prepayment for its own goods or services. Tell the broker whether your platform transfers customer value or settles your own sale.[^1] ### Separate Licensing From Asset Protection Ohio’s current legislature has considered separate digital-asset-kiosk legislation. Do not treat a bill as an enacted rule; confirm current law before you rely on a kiosk exception or compliance plan.[^1] ### Describe the Actual Service FinCEN may classify business exchange or administration as federal money transmission even where a state definition is narrower. Keep federal registration and Ohio licensing analyses separate in your insurance submission.[^2][^1] ## Who Regulates Insurance in Ohio **Ohio Department of Insurance.** ODI licenses insurance agents and agencies and provides a public agent and company locator. Its consumer complaint form accepts insurance complaints and lets you identify an agent or company.[^3][^4][^5] - [Regulator website](https://insurance.ohio.gov/) - [License lookup](https://gateway.insurance.ohio.gov/UI/ODI.Agent.Public.UI/AgentSearch.mvc/DisplaySearch) - [File a complaint](https://gateway.insurance.ohio.gov/UI/ODI.CS.Public.UI/Complaint.mvc/DisplayConsumerComplaintForm) ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 5% of gross premium, net of return premiums For Ohio-home-state surplus-lines placements, Ohio sets a 5% tax on gross premiums after returned premiums and requires the surplus-lines broker to collect it when the policy is delivered. A diligent search usually applies; a qualifying exempt commercial purchaser may request nonadmitted placement in writing after disclosure that authorized-market coverage may offer greater protection, and the policy requires a signed notice of no Ohio guaranty-association benefits.[^6][^7][^8] ## Providers With Documented State Licenses No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. [Check the regulator’s license lookup](https://gateway.insurance.ohio.gov/UI/ODI.Agent.Public.UI/AgentSearch.mvc/DisplaySearch) and confirm availability with a provider when requesting a quote. ## Questions to Ask Before You Buy in Ohio 1. Does this policy cover the Ohio service and legal entity that actually receives, holds, or transfers customer assets? 2. How does the form treat customer property, keys, and assets held by a custodian or third-party wallet provider in Ohio? 3. Are regulatory defense, fraud response, and customer claims covered when a state-specific licensing or kiosk rule affects our operation? ## Digital Assets in Ohio: FAQ ### Is a digital-asset business required to get a license in Ohio? It depends on the activity. Ohio licenses a person that receives money or its equivalent from an Ohio resident for transmission, while its statutory “money” definition is tied to government-issued currency. Ask the regulator about token-only activity rather than assuming it is covered. Ask the state regulator how the rule applies to your exchange, custody, and transfer functions.[^1] ### Does a federal money-services-business analysis settle Ohio licensing? No. FinCEN distinguishes personal use from business exchange or administration under federal BSA rules. For Ohio, start with this rule: Ohio licenses a person that receives money or its equivalent from an Ohio resident for transmission, while its statutory “money” definition is tied to government-issued currency. Ask the regulator about token-only activity rather than assuming it is covered. Check both analyses against your actual customer and transfer flows.[^2][^1] ### Does a money-transmitter license insure customer crypto in Ohio? No. The rule in Ohio—Ohio licenses a person that receives money or its equivalent from an Ohio resident for transmission, while its statutory “money” definition is tied to government-issued currency. Ask the regulator about token-only activity rather than assuming it is covered.—sets a regulatory boundary; it does not promise to reimburse customer token losses. Review the policy’s insured entities, covered assets, causes of loss, and custody terms.[^1] ## Digital Assets in Other States - [Alabama](/coverage/digital-assets/alabama) - [Alaska](/coverage/digital-assets/alaska) - [Arizona](/coverage/digital-assets/arizona) - [Arkansas](/coverage/digital-assets/arkansas) - [California](/coverage/digital-assets/california) - [Colorado](/coverage/digital-assets/colorado) - [Connecticut](/coverage/digital-assets/connecticut) - [Delaware](/coverage/digital-assets/delaware) - [District of Columbia](/coverage/digital-assets/district-of-columbia) - [Florida](/coverage/digital-assets/florida) - [Georgia](/coverage/digital-assets/georgia) - [Hawaii](/coverage/digital-assets/hawaii) - [Idaho](/coverage/digital-assets/idaho) - [Illinois](/coverage/digital-assets/illinois) - [Indiana](/coverage/digital-assets/indiana) - [Iowa](/coverage/digital-assets/iowa) - [Kansas](/coverage/digital-assets/kansas) - [Kentucky](/coverage/digital-assets/kentucky) - [Louisiana](/coverage/digital-assets/louisiana) - [Maine](/coverage/digital-assets/maine) - [Maryland](/coverage/digital-assets/maryland) - [Massachusetts](/coverage/digital-assets/massachusetts) - [Michigan](/coverage/digital-assets/michigan) - [Minnesota](/coverage/digital-assets/minnesota) - [Mississippi](/coverage/digital-assets/mississippi) - [Missouri](/coverage/digital-assets/missouri) - [Montana](/coverage/digital-assets/montana) - [Nebraska](/coverage/digital-assets/nebraska) - [Nevada](/coverage/digital-assets/nevada) - [New Hampshire](/coverage/digital-assets/new-hampshire) - [New Jersey](/coverage/digital-assets/new-jersey) - [New Mexico](/coverage/digital-assets/new-mexico) - [New York](/coverage/digital-assets/new-york) - [North Carolina](/coverage/digital-assets/north-carolina) - [North Dakota](/coverage/digital-assets/north-dakota) - [Oklahoma](/coverage/digital-assets/oklahoma) - [Oregon](/coverage/digital-assets/oregon) - [Pennsylvania](/coverage/digital-assets/pennsylvania) - [Rhode Island](/coverage/digital-assets/rhode-island) - [South Carolina](/coverage/digital-assets/south-carolina) - [South Dakota](/coverage/digital-assets/south-dakota) - [Tennessee](/coverage/digital-assets/tennessee) - [Texas](/coverage/digital-assets/texas) - [Utah](/coverage/digital-assets/utah) - [Vermont](/coverage/digital-assets/vermont) - [Virginia](/coverage/digital-assets/virginia) - [Washington](/coverage/digital-assets/washington) - [West Virginia](/coverage/digital-assets/west-virginia) - [Wisconsin](/coverage/digital-assets/wisconsin) - [Wyoming](/coverage/digital-assets/wyoming) [Other Coverage in Ohio](/coverage/states/ohio) ## Sources [^1]: [Transmitters of Money](https://codes.ohio.gov/ohio-revised-code/chapter-1315) — Ohio Laws, Ohio Legislative Service Commission; Ohio Rev. Code §§1315.01–.18; money or its equivalent received for transmission. Accessed 2026-09-29. [^2]: [Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies](https://www.fincen.gov/resources/statutes-regulations/guidance/application-fincens-regulations-persons-administering) — Financial Crimes Enforcement Network; FIN-2013-G001, Users of Virtual Currency; Administrators and Exchangers of Virtual Currency. Accessed 2026-09-29. [^3]: [ohio insurance regulator](https://insurance.ohio.gov/) — State insurance regulator; Official regulator home page and consumer/industry navigation.. Accessed 2026-09-28. [^4]: [Ohio Department of Insurance Agent / Agency Locator](https://gateway.insurance.ohio.gov/UI/ODI.Agent.Public.UI/AgentSearch.mvc/DisplaySearch) — State insurance regulator; Public search fields for agent and agency name, NPN, license number, city, ZIP, residency, and license type.. Accessed 2026-09-28. [^5]: [Ohio Department of Insurance Consumer Complaints Form](https://gateway.insurance.ohio.gov/UI/ODI.CS.Public.UI/Complaint.mvc/DisplayConsumerComplaintForm) — State insurance regulator; Online complaint form collects insurer, coverage, agent, issue, and supporting documents; page warns submissions may be public records.. Accessed 2026-09-28. [^6]: [Ohio Revised Code §3905.36](https://codes.ohio.gov/ohio-revised-code/section-3905.36) — Ohio Laws; Division (B): 5% of gross premiums after return premiums; surplus-lines broker collects from insured at policy delivery.. Accessed 2026-09-28. [^7]: [Ohio Revised Code §3905.38](https://codes.ohio.gov/ohio-revised-code/section-3905.38) — Ohio Laws; Division A: Chapter 3905 rules do not apply when Ohio is not insured's home state.. Accessed 2026-09-28. [^8]: [Ohio Revised Code §3905.33](https://codes.ohio.gov/ohio-revised-code/section-3905.33) — Ohio Laws; Divisions (B)(1), (B)(4): five-market diligence and ECP disclosure/written request; division (C): signed notice of no Ohio Insurance Guaranty Association benefits.. Accessed 2026-09-28. [^9]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^10]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535.. Accessed 2026-09-22. [^11]: [Insurance Producer Licenses](https://www.corgi.insure/broker-licenses) — Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown.. Accessed 2026-09-28. [^12]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-insurance) — Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16. [^13]: [Licenses](https://www.nextinsurance.com/insurance-licenses/) — ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885.. Accessed 2026-09-28. [^14]: [About Risklytics](https://www.risklytics.ai/about/) — Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16. [^15]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number.. Accessed 2026-09-28. [^16]: [Licenses](https://www.vouch.us/legal/licenses) — Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict.. Accessed 2026-09-15. Updated 2026-09-29. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). To suggest a correction, [contact Spot](/contact) with a supporting source. ## Agent and Developer Resources - [Markdown page](https://spot.insure/coverage/digital-assets/ohio.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)