diff --git a/.chloggen/remove_ReportFatalError.yaml b/.chloggen/remove_ReportFatalError.yaml
new file mode 100755
index 00000000000..54f69253e42
--- /dev/null
+++ b/.chloggen/remove_ReportFatalError.yaml
@@ -0,0 +1,25 @@
+# Use this changelog template to create an entry for release notes.
+
+# One of 'breaking', 'deprecation', 'new_component', 'enhancement', 'bug_fix'
+change_type: breaking
+
+# The name of the component, or a single word describing the area of concern, (e.g. otlpreceiver)
+component: component
+
+# A brief description of the change.  Surround your text with quotes ("") if it needs to start with a backtick (`).
+note: Remove `host.ReportFatalError`
+
+# One or more tracking issues or pull requests related to the change
+issues: [6344]
+
+# (Optional) One or more lines of additional information to render under the primary note.
+# These lines will be padded with 2 spaces and then inserted directly into the document.
+# Use pipe (|) for multiline entries.
+subtext:
+
+# Optional: The change log or logs in which this entry should be included.
+# e.g. '[user]' or '[user, api]'
+# Include 'user' if the change is relevant to end users.
+# Include 'api' if there is a change to a library API.
+# Default: '[user]'
+change_logs: [api]
\ No newline at end of file
diff --git a/component/componenttest/nop_host.go b/component/componenttest/nop_host.go
index 4accfab0d8c..f0ae4788dfe 100644
--- a/component/componenttest/nop_host.go
+++ b/component/componenttest/nop_host.go
@@ -15,8 +15,6 @@ func NewNopHost() component.Host {
 	return &nopHost{}
 }
 
-func (nh *nopHost) ReportFatalError(_ error) {}
-
 func (nh *nopHost) GetFactory(_ component.Kind, _ component.Type) component.Factory {
 	return nil
 }
diff --git a/component/componenttest/nop_host_test.go b/component/componenttest/nop_host_test.go
index 99d323681ca..4aada24b1be 100644
--- a/component/componenttest/nop_host_test.go
+++ b/component/componenttest/nop_host_test.go
@@ -4,7 +4,6 @@
 package componenttest
 
 import (
-	"errors"
 	"testing"
 
 	"github.com/stretchr/testify/assert"
@@ -18,7 +17,6 @@ func TestNewNopHost(t *testing.T) {
 	require.NotNil(t, nh)
 	require.IsType(t, &nopHost{}, nh)
 
-	nh.ReportFatalError(errors.New("TestError"))
 	assert.Nil(t, nh.GetExporters()) // nolint: staticcheck
 	assert.Nil(t, nh.GetExtensions())
 	assert.Nil(t, nh.GetFactory(component.KindReceiver, component.MustNewType("test")))
diff --git a/component/host.go b/component/host.go
index 732e37c8c44..4b6933baaef 100644
--- a/component/host.go
+++ b/component/host.go
@@ -6,16 +6,6 @@ package component // import "go.opentelemetry.io/collector/component"
 // Host represents the entity that is hosting a Component. It is used to allow communication
 // between the Component and its host (normally the service.Collector is the host).
 type Host interface {
-	// ReportFatalError is used to report to the host that the component
-	// encountered a fatal error (i.e.: an error that the instance can't recover
-	// from) after its start function had already returned.
-	//
-	// ReportFatalError should be called by the component anytime after Component.Start() ends and
-	// before Component.Shutdown() begins.
-	// Deprecated: [0.87.0] Use TelemetrySettings.ReportComponentStatus instead (with an event
-	// component.StatusFatalError)
-	ReportFatalError(err error)
-
 	// GetFactory of the specified kind. Returns the factory for a component type.
 	// This allows components to create other components. For example:
 	//   func (r MyReceiver) Start(host component.Host) error {
diff --git a/exporter/otlpexporter/config.go b/exporter/otlpexporter/config.go
index a657fa684c9..61440c3a9e3 100644
--- a/exporter/otlpexporter/config.go
+++ b/exporter/otlpexporter/config.go
@@ -4,6 +4,8 @@
 package otlpexporter // import "go.opentelemetry.io/collector/exporter/otlpexporter"
 
 import (
+	"errors"
+
 	"go.opentelemetry.io/collector/component"
 	"go.opentelemetry.io/collector/config/configgrpc"
 	"go.opentelemetry.io/collector/config/configretry"
@@ -19,4 +21,11 @@ type Config struct {
 	configgrpc.ClientConfig `mapstructure:",squash"` // squash ensures fields are correctly decoded in embedded struct.
 }
 
+func (c *Config) Validate() error {
+	if c.SanitizedEndpoint() == "" {
+		return errors.New(`requires a non-empty "endpoint"`)
+	}
+	return nil
+}
+
 var _ component.Config = (*Config)(nil)
diff --git a/exporter/otlpexporter/config_test.go b/exporter/otlpexporter/config_test.go
index ae2fac324d8..f65ce61c27e 100644
--- a/exporter/otlpexporter/config_test.go
+++ b/exporter/otlpexporter/config_test.go
@@ -78,3 +78,39 @@ func TestUnmarshalConfig(t *testing.T) {
 			},
 		}, cfg)
 }
+
+func TestUnmarshalInvalidConfig(t *testing.T) {
+	cm, err := confmaptest.LoadConf(filepath.Join("testdata", "invalid_configs.yaml"))
+	require.NoError(t, err)
+	factory := NewFactory()
+	for _, test := range []struct {
+		name     string
+		errorMsg string
+	}{
+		{
+			name:     "no_endpoint",
+			errorMsg: `requires a non-empty "endpoint"`,
+		},
+		{
+			name:     "http_endpoint",
+			errorMsg: `requires a non-empty "endpoint"`,
+		},
+		{
+			name:     "invalid_timeout",
+			errorMsg: `'timeout' must be non-negative`,
+		},
+		{
+			name:     "invalid_retry",
+			errorMsg: `'randomization_factor' must be within [0, 1]`,
+		},
+	} {
+		t.Run(test.name, func(t *testing.T) {
+			cfg := factory.CreateDefaultConfig()
+			sub, err := cm.Sub(test.name)
+			require.NoError(t, err)
+			assert.NoError(t, component.UnmarshalConfig(sub, cfg))
+			assert.ErrorContains(t, component.ValidateConfig(cfg), test.errorMsg)
+		})
+	}
+
+}
diff --git a/exporter/otlpexporter/factory.go b/exporter/otlpexporter/factory.go
index dfb06073d93..8a72aab8cdc 100644
--- a/exporter/otlpexporter/factory.go
+++ b/exporter/otlpexporter/factory.go
@@ -48,10 +48,7 @@ func createTracesExporter(
 	set exporter.CreateSettings,
 	cfg component.Config,
 ) (exporter.Traces, error) {
-	oce, err := newExporter(cfg, set)
-	if err != nil {
-		return nil, err
-	}
+	oce := newExporter(cfg, set)
 	oCfg := cfg.(*Config)
 	return exporterhelper.NewTracesExporter(ctx, set, cfg,
 		oce.pushTraces,
@@ -68,10 +65,7 @@ func createMetricsExporter(
 	set exporter.CreateSettings,
 	cfg component.Config,
 ) (exporter.Metrics, error) {
-	oce, err := newExporter(cfg, set)
-	if err != nil {
-		return nil, err
-	}
+	oce := newExporter(cfg, set)
 	oCfg := cfg.(*Config)
 	return exporterhelper.NewMetricsExporter(ctx, set, cfg,
 		oce.pushMetrics,
@@ -89,10 +83,7 @@ func createLogsExporter(
 	set exporter.CreateSettings,
 	cfg component.Config,
 ) (exporter.Logs, error) {
-	oce, err := newExporter(cfg, set)
-	if err != nil {
-		return nil, err
-	}
+	oce := newExporter(cfg, set)
 	oCfg := cfg.(*Config)
 	return exporterhelper.NewLogsExporter(ctx, set, cfg,
 		oce.pushLogs,
diff --git a/exporter/otlpexporter/factory_test.go b/exporter/otlpexporter/factory_test.go
index a3232a4094b..e601361c0c1 100644
--- a/exporter/otlpexporter/factory_test.go
+++ b/exporter/otlpexporter/factory_test.go
@@ -50,20 +50,10 @@ func TestCreateMetricsExporter(t *testing.T) {
 func TestCreateTracesExporter(t *testing.T) {
 	endpoint := testutil.GetAvailableLocalAddress(t)
 	tests := []struct {
-		name             string
-		config           *Config
-		mustFailOnCreate bool
-		mustFailOnStart  bool
+		name            string
+		config          *Config
+		mustFailOnStart bool
 	}{
-		{
-			name: "NoEndpoint",
-			config: &Config{
-				ClientConfig: configgrpc.ClientConfig{
-					Endpoint: "",
-				},
-			},
-			mustFailOnCreate: true,
-		},
 		{
 			name: "UseSecure",
 			config: &Config{
@@ -178,10 +168,6 @@ func TestCreateTracesExporter(t *testing.T) {
 			factory := NewFactory()
 			set := exportertest.NewNopCreateSettings()
 			consumer, err := factory.CreateTracesExporter(context.Background(), set, tt.config)
-			if tt.mustFailOnCreate {
-				assert.NotNil(t, err)
-				return
-			}
 			assert.NoError(t, err)
 			assert.NotNil(t, consumer)
 			err = consumer.Start(context.Background(), componenttest.NewNopHost())
diff --git a/exporter/otlpexporter/otlp.go b/exporter/otlpexporter/otlp.go
index 495213825b5..21864d7723a 100644
--- a/exporter/otlpexporter/otlp.go
+++ b/exporter/otlpexporter/otlp.go
@@ -5,7 +5,6 @@ package otlpexporter // import "go.opentelemetry.io/collector/exporter/otlpexpor
 
 import (
 	"context"
-	"errors"
 	"fmt"
 	"runtime"
 	"time"
@@ -47,17 +46,13 @@ type baseExporter struct {
 	userAgent string
 }
 
-func newExporter(cfg component.Config, set exporter.CreateSettings) (*baseExporter, error) {
+func newExporter(cfg component.Config, set exporter.CreateSettings) *baseExporter {
 	oCfg := cfg.(*Config)
 
-	if oCfg.Endpoint == "" {
-		return nil, errors.New("OTLP exporter config requires an Endpoint")
-	}
-
 	userAgent := fmt.Sprintf("%s/%s (%s/%s)",
 		set.BuildInfo.Description, set.BuildInfo.Version, runtime.GOOS, runtime.GOARCH)
 
-	return &baseExporter{config: oCfg, settings: set.TelemetrySettings, userAgent: userAgent}, nil
+	return &baseExporter{config: oCfg, settings: set.TelemetrySettings, userAgent: userAgent}
 }
 
 // start actually creates the gRPC connection. The client construction is deferred till this point as this
diff --git a/exporter/otlpexporter/testdata/invalid_configs.yaml b/exporter/otlpexporter/testdata/invalid_configs.yaml
new file mode 100644
index 00000000000..73c24e3f13e
--- /dev/null
+++ b/exporter/otlpexporter/testdata/invalid_configs.yaml
@@ -0,0 +1,55 @@
+no_endpoint:
+  timeout: 10s
+  sending_queue:
+    enabled: true
+    num_consumers: 2
+    queue_size: 10
+  retry_on_failure:
+    enabled: true
+    initial_interval: 10s
+    randomization_factor: 0.7
+    multiplier: 1.3
+    max_interval: 60s
+    max_elapsed_time: 10m
+http_endpoint:
+  endpoint: http://
+  timeout: 10s
+  sending_queue:
+    enabled: true
+    num_consumers: 2
+    queue_size: 10
+  retry_on_failure:
+    enabled: true
+    initial_interval: 10s
+    randomization_factor: 0.7
+    multiplier: 1.3
+    max_interval: 60s
+    max_elapsed_time: 10m
+invalid_timeout:
+  endpoint: example.com:443
+  timeout: -5s
+  sending_queue:
+    enabled: true
+    num_consumers: 2
+    queue_size: 10
+  retry_on_failure:
+    enabled: true
+    initial_interval: 10s
+    randomization_factor: 0.7
+    multiplier: 1.3
+    max_interval: 60s
+    max_elapsed_time: 10m
+invalid_retry:
+  endpoint: example.com:443
+  timeout: 30s
+  sending_queue:
+    enabled: true
+    num_consumers: 2
+    queue_size: 10
+  retry_on_failure:
+    enabled: true
+    initial_interval: 10s
+    randomization_factor: -5
+    multiplier: 1.3
+    max_interval: 60s
+    max_elapsed_time: 10m
diff --git a/extension/auth/client.go b/extension/auth/client.go
index cf1bdb55fb8..d1855d8aece 100644
--- a/extension/auth/client.go
+++ b/extension/auth/client.go
@@ -25,7 +25,7 @@ type Client interface {
 	PerRPCCredentials() (credentials.PerRPCCredentials, error)
 }
 
-// ClientOption represents the possible options for NewServerAuthenticator.
+// ClientOption represents the possible options for NewClient.
 type ClientOption func(*defaultClient)
 
 // ClientRoundTripperFunc specifies the function that returns a RoundTripper that can be used to authenticate HTTP requests.
diff --git a/extension/extensiontest/nop_extension.go b/extension/extensiontest/nop_extension.go
index fcb9ab001f7..f92ff388d94 100644
--- a/extension/extensiontest/nop_extension.go
+++ b/extension/extensiontest/nop_extension.go
@@ -39,13 +39,13 @@ type nopConfig struct{}
 
 var nopInstance = &nopExtension{}
 
-// nopExtension stores consumed traces and metrics for testing purposes.
+// nopExtension acts as an extension for testing purposes.
 type nopExtension struct {
 	component.StartFunc
 	component.ShutdownFunc
 }
 
-// NewNopBuilder returns a extension.Builder that constructs nop receivers.
+// NewNopBuilder returns a extension.Builder that constructs nop extension.
 func NewNopBuilder() *extension.Builder {
 	nopFactory := NewNopFactory()
 	return extension.NewBuilder(
diff --git a/processor/processortest/nop_processor.go b/processor/processortest/nop_processor.go
index dad0a9f0566..0651bc5b6ba 100644
--- a/processor/processortest/nop_processor.go
+++ b/processor/processortest/nop_processor.go
@@ -15,7 +15,7 @@ import (
 
 var nopType = component.MustNewType("nop")
 
-// NewNopCreateSettings returns a new nop settings for Create* functions.
+// NewNopCreateSettings returns a new nop settings for Create*Processor functions.
 func NewNopCreateSettings() processor.CreateSettings {
 	return processor.CreateSettings{
 		ID:                component.NewID(nopType),
@@ -53,14 +53,14 @@ var nopInstance = &nopProcessor{
 	Consumer: consumertest.NewNop(),
 }
 
-// nopProcessor stores consumed traces and metrics for testing purposes.
+// nopProcessor acts as a processor for testing purposes.
 type nopProcessor struct {
 	component.StartFunc
 	component.ShutdownFunc
 	consumertest.Consumer
 }
 
-// NewNopBuilder returns a processor.Builder that constructs nop receivers.
+// NewNopBuilder returns a processor.Builder that constructs nop processors.
 func NewNopBuilder() *processor.Builder {
 	nopFactory := NewNopFactory()
 	return processor.NewBuilder(
diff --git a/receiver/receivertest/nop_receiver.go b/receiver/receivertest/nop_receiver.go
index 4c5565e6019..0c7cee87cf3 100644
--- a/receiver/receivertest/nop_receiver.go
+++ b/receiver/receivertest/nop_receiver.go
@@ -14,7 +14,7 @@ import (
 
 var componentType = component.MustNewType("nop")
 
-// NewNopCreateSettings returns a new nop settings for Create* functions.
+// NewNopCreateSettings returns a new nop settings for Create*Receiver functions.
 func NewNopCreateSettings() receiver.CreateSettings {
 	return receiver.CreateSettings{
 		ID:                component.NewID(componentType),
@@ -49,7 +49,7 @@ type nopConfig struct{}
 
 var nopInstance = &nopReceiver{}
 
-// nopReceiver stores consumed traces and metrics for testing purposes.
+// nopReceiver acts as a receiver for testing purposes.
 type nopReceiver struct {
 	component.StartFunc
 	component.ShutdownFunc
diff --git a/service/host.go b/service/host.go
index b749564b0dd..870e0bfc446 100644
--- a/service/host.go
+++ b/service/host.go
@@ -30,13 +30,6 @@ type serviceHost struct {
 	serviceExtensions *extensions.Extensions
 }
 
-// ReportFatalError is used to report to the host that the receiver encountered
-// a fatal error (i.e.: an error that the instance can't recover from) after
-// its start function has already returned.
-// Deprecated: [0.87.0] Replaced by servicetelemetry.Settings.ReportComponentStatus
-func (host *serviceHost) ReportFatalError(err error) {
-	host.asyncErrorChannel <- err
-}
 func (host *serviceHost) GetFactory(kind component.Kind, componentType component.Type) component.Factory {
 	switch kind {
 	case component.KindReceiver: