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 3999.31 | Immunity for Providing or Receiving Information Relating to Suspected Fraudulent Insurance Acts.
Effective: March 17, 1998 Latest Legislation: House Bill 248 – 122nd General Assembly (A) As used in this section: (1) “Fraudulent insurance act” means an act committed by a person who, knowingly and with intent to defraud, presents, causes to be presented, or prepares with knowledge or belief that it will be presented to or […]
Section 3999.32 | Notice of Failure to Make Required Premium Payment or Contribution.
Effective: June 4, 1997 Latest Legislation: Senate Bill 67 – 122nd General Assembly (A) As used in this section: (1) “Certificate holder” means any person whose employment or retirement status is the basis of eligibility for coverage under a group policy of sickness and accident insurance or for enrollment under a group contract of a […]
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 […]