Ohio agreed to the Baldwin-United settlement.

Ohio’s insurance director said that he will sign an agreement to pave the way for Baldwin-United’s annuity holders to gain access to their money. Ohio is the 49th state to sign the Regulatory Peace Agreement that calls for policyholders to receive an interest rate of at least 7.5% on the single-premium deferred annuities that they bought from six Baldwin-United insurance company subsidiaries. The settlement with 22 brokerage firms that sold the annuities was reported Sept. 9 by associations representing state attorneys general and state insurance regulators.