Section 3999.36 | Notice of Impairment to Be Given by Chief Executive.
Effective: June 18, 2002 Latest Legislation: Senate Bill 138 – 124th General Assembly (A) As used in this section and sections 3999.37 and 3999.38 of the Revised Code: (1) “Insurer” means any person that is authorized to engage in the business of insurance in this state under Title XXXIX of the Revised Code, any health […]
Section 3999.37 | Prohibiting Fraudulent Acts Concerning Impairment or Insolvency of Insurer.
Effective: August 8, 1991 Latest Legislation: Senate Bill 137 – 119th General Assembly No person shall do any of the following: (A) Conceal any property belonging to an insurer; (B) Transfer or conceal his own property or property belonging to an insurer in contemplation of a proceeding under Chapter 3903. of the Revised Code; (C) […]
Section 3999.38 | Prohibiting Payment of Dividend When Insurer Is Impaired.
Effective: August 8, 1991 Latest Legislation: Senate Bill 137 – 119th General Assembly No insurer shall knowingly declare or pay any dividend whenever the insurer is impaired. For purposes of this section, “insurer” also includes any person doing the business of insurance in this state.
Section 3999.41 | Insurer to Adopt Antifraud Program.
Effective: March 17, 1998 Latest Legislation: House Bill 248 – 122nd General Assembly (A) Except as provided in division (D) of this section, every insurer, as defined in division (A) of section 3999.36 of the Revised Code, shall adopt an antifraud program and shall specify in a written plan the procedures it will follow when […]
Section 3999.42 | Insurer to Notify Department of Insurance Fraud.
Effective: March 17, 1998 Latest Legislation: House Bill 248 – 122nd General Assembly (A) If an insurer, as defined in division (A) of section 3999.36 of the Revised Code, has a reasonable belief that a person is perpetrating or facilitating an insurance fraud, as established by section 2913.47 of the Revised Code, or has done […]
Section 3999.99 | Penalty.
Effective: July 2, 2004 Latest Legislation: House Bill 281 – 125th General Assembly (A) Whoever violates section 3999.02 of the Revised Code is guilty of a misdemeanor of the second degree. (B) Whoever violates section 3999.03, 3999.07, 3999.13, 3999.14, or 3999.15 of the Revised Code is guilty of a misdemeanor of the first degree. (C) […]
Section 3999.12 | Disbursements by Domestic Life Insurance Companies.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No domestic life insurance company making a disbursement of one hundred dollars or more shall fail to have it evidenced by a voucher signed by or on behalf of the person, firm, or corporation receiving the money and correctly describing the consideration […]
Section 3999.13 | Unlawful Reinsurance.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No officer, director, or stockholder of a company organized under the laws of this state to do the business of life, accident, or health insurance, either on the stock, mutual, stipulated premiums, assessment, or fraternal plan, shall violate or consent to a […]
Section 3999.14 | Foreign Life Insurance Companies on the Assessment Plan.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No officer or agent of a corporation, company, or association organized under the laws of any other state of the United States to transact the business of life or accident insurance or life and accident insurance on the assessment plan, shall violate […]
Section 3999.15 | Violations by Accident Insurance Companies and Officers Thereof.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No company organized under the laws of this state for the special purpose of insuring against accidental personal injury and loss of life sustained while traveling by railroad, steamboat, or other mode of conveyance, against accidental personal injury and loss of life […]