An SR-22/Bond is a minimum limit liability insurance policy that covers only the individual named on the policy. It is sometimes referred to as “high risk insurance,” and can cost significantly more than conventional insurance. It will pay, up to the limits of liability, for damages and personal injury to the other party in the event of an accident. It does not act as comprehensive insurance and will not pay for damages/fire/theft for one’s own vehicle.

To file an SR-22/Bond with the Bureau, an individual must contact an insurance agent or company, apply for the SR-22/Bond policy and make the appropriate payment. The insurance company will then file the SR-22/Bond on behalf of the individual.

Individuals who live in a different state or who move to a different state must still file the SR-22/Bond if their Ohio suspension requires an SR-22/Bond filing. The SR-22/Bond must be an Ohio SR-22/Bond, from an insurance company licensed to do business in Ohio. The insurance company is required by law to notify Ohio if the policy cancels. Most of the larger insurance companies are licensed in Ohio and other states and can assist with the proper filing.

Many insurance companies send the Bureau SR-22/Bond filings electronically. These filings are usually processed the same day that they are received.

Paper copies of SR-22/Bonds are generally processed within 72 hours of receipt. Although this time can be extended for various reasons, it is seldom greater than five business days.

Sometimes SR-22/Bonds are rejected and returned to the insurance company because information is incomplete or incorrect.