Section 3915.12 | Exchange, Alteration, or Conversion of Policy.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Any life insurance company, at the request of the policyholder, may exchange, alter, or convert any policy of life or endowment insurance or any annuity issued by it for or into a policy of another plan of insurance or annuity as of […]
Section 3915.13 | Back-Dating Policies.
Effective: January 1, 2021 Latest Legislation: House Bill 339 – 133rd General Assembly No life insurance company nor any of its agents shall knowingly make, issue, or deliver in this state any policy or contract of life insurance which purports to be issued or to take effect as of a date more than six months […]
Section 3915.14 | Filing of Forms of Policies.
Effective: September 13, 2004 Latest Legislation: Senate Bill 187 – 125th General Assembly (A) No policy of life insurance, nor any indorsement, rider, or application which becomes or is designed to become a part of any such policy, shall be delivered, issued for delivery, or used in this state, or be issued by a life […]
Section 3915.141 | Filing of Form of Indorsement or Rider Providing Accelerated Benefits.
Effective: October 23, 1991 Latest Legislation: House Bill 16 – 119th General Assembly In the case of an indorsement or rider that provides accelerated benefits in accordance with sections 3915.21 to 3915.24 of the Revised Code, the filing of the form of the indorsement or rider as required by section 3915.14 of the Revised Code […]
Section 3915.15 | Provisions of Policies of Foreign Companies.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The policies of a life insurance company, not organized under the laws of this state, may contain any provision which the law of the state, territory, district, or country under which the company is organized prescribes shall be in such policies when […]
Section 3915.16 | Interstate Insurance Product Regulation Code Adopted.
Effective: August 21, 2006 Latest Legislation: Senate Bill 268 – 126th General Assembly The “Interstate Insurance Product Regulation Compact” is intended to help states join together to establish an interstate compact to regulate designated insurance products. Pursuant to terms and conditions of this section, the state of Ohio seeks to join with other states and […]
Section 3915.21 | Accelerated Benefits Definitions.
Effective: October 23, 1991 Latest Legislation: House Bill 16 – 119th General Assembly As used in sections 3915.21 to 3915.24 of the Revised Code: (A) “Accelerated benefits” means the benefits that are payable under a policy and that meet all of the following criteria: (1) The benefits are payable to the policyholder or certificate holder […]
Section 3915.22 | Application of Chapter.
Effective: October 23, 1991 Latest Legislation: House Bill 16 – 119th General Assembly (A) Except as provided in division (B) of this section, every policy that provides accelerated benefits and that is issued or delivered in this state on or after the effective date of this section is subject to this chapter. (B) Sections 3915.21 […]
Section 3915.23 | Accelerated Benefits Calculated on Mortality Risks.
Effective: October 23, 1991 Latest Legislation: House Bill 16 – 119th General Assembly The accelerated benefits provided by any policy subject to this chapter are life insurance benefits and are calculated primarily on the basis of mortality risks rather than morbidity risks.
Section 3915.24 | Rules.
Effective: October 23, 1991 Latest Legislation: House Bill 16 – 119th General Assembly Within six months after the effective date of this section, the superintendent of insurance shall adopt rules in accordance with Chapter 119. of the Revised Code to carry out the purposes of sections 3915.21 to 3915.24 of the Revised Code. The rules […]