Effective: June 30, 1997 Latest Legislation: House Bill 215 – 122nd General Assembly All consumer credit insurance issued or sold in connection with loans or other credit transactions for personal, family, or household purposes is subject to sections 3918.01 to 3918.13 of the Revised Code, except for all of the following: (A) Insurance written in […]
Effective: June 30, 1997 Latest Legislation: House Bill 215 – 122nd General Assembly As used in sections 3918.01 to 3918.13 of the Revised Code: (A) “Consumer credit insurance” means credit life insurance and credit accident and health insurance. (B) “Credit life insurance” means insurance on the life of a debtor pursuant to or in connection […]
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly Credit life insurance and credit accident and health insurance shall be issued only in the following forms: (A) Individual policies of life insurance issued to debtors on the term plan; (B) Individual policies of accident and health insurance issued to debtors on […]
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly (A) The amount of credit life insurance shall not exceed the initial indebtedness. Where an indebtedness repayable in substantially equal installments is secured by an individual policy of credit life insurance the amount of insurance shall at no time exceed the scheduled […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly The term of any credit life insurance or credit accident and health insurance shall, subject to acceptance by the insurer, commence on the date when the debtor becomes obligated to the creditor, or the date from which interest or finance charges accrue […]
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly (A) All credit life insurance and credit accident and health insurance sold shall be evidenced by an individual policy, or in the case of group insurance by a certificate of insurance, which individual policy or group certificate of insurance shall be delivered […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly (A) All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders providing coverage on residents of Ohio shall be filed with the superintendent of insurance. (B) The superintendent shall within thirty days after the filing of any […]
Effective: November 5, 1965 Latest Legislation: House Bill 177 – 106th General Assembly (A) Each insurer issuing credit life insurance or credit accident and health insurance shall file with the superintendent of insurance its schedules of premium rates for use in connection with such insurance. Any insurer may revise such schedules from time to time, […]
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly All policies of credit life insurance and credit accident and health insurance shall be delivered or issued for delivery in this state only by an insurer authorized to do an insurance business in this state.
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly (A) All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims shall be settled as soon as possible and in accordance with the terms of the insurance contract. […]
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly When credit life insurance or credit accident and health insurance is required as additional security for an indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned […]
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly The superintendent may, in accordance with section 119.03 of the Revised Code, adopt such rules and regulations as he deems appropriate, for the enforcement of sections 3918.01 to 3918.11 of the Revised Code. Whenever the superintendent finds that there has been a […]
Effective: January 1, 1960 Latest Legislation: House Bill 1058 – 103rd General Assembly Any party to the proceeding affected by an order of the superintendent shall be entitled to judicial review by following the procedure set forth in section 119.12 of the Revised Code.
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly Whoever violates sections 3918.01 to 3918.13, inclusive, of the Revised Code, shall be fined not less than one hundred nor more than one thousand dollars. The penalty provided in this section is in addition to any other penalty provided by law.
