Effective: January 1, 2021 Latest Legislation: House Bill 339 – 133rd General Assembly As used in sections 3903.01 to 3903.59 of the Revised Code: (A) “Admitted assets” means investment in assets which will be admitted by the superintendent of insurance pursuant to the law of this state. (B) “Affiliate” has the same meaning as “affiliate […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) Sections 3903.01 to 3903.59 of the Revised Code may be cited as “the insurers supervision, rehabilitation, and liquidation act.” (B) Sections 3903.01 to 3903.59 of the Revised Code do not limit the powers granted the superintendent of insurance under any other […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly The proceedings authorized by sections 3903.01 to 3903.59 of the Revised Code may be applied to any one or more of the following: (A) All insurers who are doing, or have done, an insurance business in this state, and against whom claims […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) No delinquency proceeding shall be commenced under this chapter by anyone other than the superintendent of insurance of this state. No court has jurisdiction to entertain, hear, or determine any delinquency proceeding commenced by any other person. (B) No court of […]
Effective: March 23, 2018 Latest Legislation: Senate Bill 169 – 132nd General Assembly (A) Upon complaint or motion of any receiver, conservator, rehabilitator, or liquidator appointed in a proceeding under sections 3903.01 to 3903.59 of the Revised Code, any court of general jurisdiction may issue a temporary restraining order, a preliminary injunction, a permanent injunction, […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) Any officer, manager, director, trustee, owner, employee, or agent of any insurer, or any other persons with authority over or in charge of any segment of the insurer’s affairs, shall cooperate with the superintendent of insurance in any proceeding under sections […]
Effective: April 10, 1991 Latest Legislation: House Bill 573 – 118th General Assembly (A) In any proceeding under sections 3903.01 to 3903.59 of the Revised Code, the superintendent of insurance and his deputies are responsible on their official bonds for the faithful performance of their duties. If the court considers it desirable for the protection […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly Every proceeding to rehabilitate or liquidate an insurer commenced under the laws in effect before the effective date of sections 3903.01 to 3903.59 of the Revised Code shall be continued as it would have been continued had these sections not been enacted.
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) Whenever the superintendent of insurance has reasonable cause to believe, and determines, after a hearing held under division (E) of this section, that any domestic insurer has committed or engaged in, or is about to commit or engage in, any act, […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) The superintendent of insurance may file in the court of common pleas a complaint alleging, with respect to a domestic insurer all of the following: (1) That there exist any grounds that would justify a court order for a formal delinquency […]
Effective: June 18, 2002 Latest Legislation: Senate Bill 138 – 124th General Assembly (A) In all proceedings and judicial reviews thereof under sections 3903.09 and 3903.10 of the Revised Code, all records of the insurer, other documents, and all department of insurance files and court records and papers, so far as they pertain to or […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly The superintendent of insurance may file a complaint in the court of common pleas for an order authorizing him to rehabilitate a domestic insurer or an alien insurer domiciled in this state on any one or more of the following grounds: (A) […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) An order to rehabilitate the business of a domestic insurer, or an alien insurer domiciled in this state, shall appoint the superintendent of insurance and his successors in office the rehabilitator, and shall direct the rehabilitator forthwith to take possession of […]
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly (A) The superintendent of insurance as rehabilitator may appoint one or more special deputies, who shall have all the powers and responsibilities of the rehabilitator granted under this section, and the superintendent may employ such clerks and assistants as considered necessary. The […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) Any court in this state, before which any action or proceeding in which the insurer is a party or is obligated to defend a party is pending when a rehabilitation order against the insurer is entered, shall stay the action or […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) Whenever the superintendent of insurance believes rehabilitation of an insurer would substantially increase the risk of loss to creditors, policyholders, or the public, or would be futile, the superintendent may file a motion in the court of common pleas for an […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly The superintendent of insurance may file a complaint in the court of common pleas for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis of any one or more of the […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) An order to liquidate the business of a domestic insurer shall appoint the superintendent of insurance and his successors in office as liquidator and shall direct the liquidator forthwith to take possession of the assets of the insurer and to administer […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly (A) All policies, other than life or health insurance or annuities, in effect at the time of issuance of an order of liquidation shall continue in force only for the lesser of any of the following: (1) A period of thirty days […]
Effective: March 7, 1983 Latest Legislation: House Bill 830 – 114th General Assembly The superintendent of insurance may file a motion for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this state at the time he files a complaint for a liquidation […]
