Section 3901.71 | Application of Mandated Health Benefits.
Effective: November 24, 1995 Latest Legislation: Senate Bill 150 – 121st General Assembly (A) As used in this section, “mandated health benefits” means any required coverage, or required offering of coverage, for the expenses of specified services, treatments, or diseases under any policy, contract, plan, or other arrangement providing sickness and accident or other health […]
Section 3901.72 | Money Advanced to Insurance Company or Health Insuring Corporation.
Effective: September 26, 2003 Latest Legislation: House Bill 95 – 125th General Assembly Any person may advance to a domestic insurance company or a health insuring corporation any sum of money necessary for the purpose of the insurance company’s or health insuring corporation’s business, or to enable the insurance company or health insuring corporation to […]
Section 3901.73 | Department to Forward Copy of Late Filing Notice to Board of Directors.
Effective: June 18, 2002 Latest Legislation: Senate Bill 171 – 124th General Assembly The department of insurance shall forward a copy of any written notice received from any insurance company or health insuring corporation domiciled in this state that the insurer or health insuring corporation will be late in making the filing of any quarterly […]
Section 3901.74 | Notice of Life Insurance Company Discontinuing Business.
Effective: September 1, 2002 Latest Legislation: Senate Bill 129 – 124th General Assembly When a life insurance company doing business in this state decides to discontinue its business, the superintendent of insurance upon the application of the company or association shall give notice, at its expense, of such intention at least once a week for […]
Section 3901.75 | Notice of Insurance Companies Other Than Life Discontinuing Business.
Effective: September 1, 2002 Latest Legislation: Senate Bill 129 – 124th General Assembly When any insurance company or corporation other than life, which company or corporation has made a deposit with the superintendent of insurance, intends to discontinue its business in this state, the superintendent, upon the application of the company or corporation, shall give […]
Section 3901.76 | Security Valuation Expense Fund.
Effective: September 1, 2002 Latest Legislation: Senate Bill 129 – 124th General Assembly As used in this section, “securities” means the stocks, bonds, debentures, and other assets subject from time to time to valuation by the committee on valuation of securities of the national association of insurance commissioners. For the purpose of enabling the superintendent […]
Section 3901.77 | Forms, Instructions, Manuals – Determination of Accounting Practices and Methods.
Effective: September 1, 2002 Latest Legislation: Senate Bill 129, Senate Bill 171 – 124th General Assembly (A) The superintendent of insurance shall adopt the forms, instructions, and manuals prescribed by the national association of insurance commissioners, for the preparation and filing of statutory financial statements and other financial information. However, the superintendent may by rule […]
Section 3901.78 | Certificate of Compliance.
Effective: September 29, 2005 Latest Legislation: House Bill 66 – 126th General Assembly Upon request or in any other circumstance that the superintendent of insurance determines to be appropriate, the superintendent may issue certificates of compliance to insurance companies and associations authorized to do business in this state, which shall be on either forms established […]
Section 3901.63 | Credit for Reinsurance Ceded as Reduction of Liability.
Effective: September 4, 2014 Latest Legislation: Senate Bill 140 – 130th General Assembly (A) If section 3901.62 of the Revised Code does not apply to the reinsurance ceded to an assuming insurer by a domestic ceding insurer that is authorized to do any insurance business in this state, the ceding insurer may take credit for […]
Section 3901.631 | Management of Reinsurance Recoverables by Domestic Ceding Insurer.
Effective: September 4, 2014 Latest Legislation: Senate Bill 140 – 130th General Assembly (A) A domestic ceding insurer shall take steps to manage its reinsurance recoverables proportionate to its own book of business. (1) A domestic ceding insurer shall notify the superintendent within thirty days after reinsurance recoverables from any single assuming insurer, or group […]