An SR-22/bond is a minimum-limit liability insurance policy that covers only the individual named on the policy. To file an SR-22/bond, the individual must contact an insurance company licensed to do business in Ohio, apply and pay for the policy. The insurance company will then file the SR-22/bond with the Ohio Bureau of Motor Vehicles (BMV). Many insurance companies file SR-22/bonds electronically, which usually process within 72 hours of receipt.
If you live in a different state or move to a different state, you must still file the SR-22/bond if it is a requirement for your Ohio suspension. The SR-22/bond must be written for the state of Ohio.
Insurance companies are required by law to report to the BMV if an SR-22/bond policy is canceled.
Ohio Revised Code: 4509.20
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