Section 3925.19 | Accumulation of Permanent Fund.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In its bylaws any insurance company organized under sections 3925.01 to 3925.34, inclusive, of the Revised Code, may provide for the accumulation of a permanent fund, by reserving a portion of its net profits, to be invested and be a reserve for […]
Section 3925.20 | Authorized Real Estate Holdings.
Effective: May 13, 1980 Latest Legislation: House Bill 729 – 113th General Assembly No insurance company organized under Chapter 3925. of the Revised Code, shall purchase, hold, or convey real estate, except for the folowing purposes and in the following manner: (A) Real estate requisite for its convenient accommodation in the transaction of its business; […]
Section 3925.21 | Disposal of Real Estate.
Effective: May 13, 1980 Latest Legislation: House Bill 729 – 113th General Assembly Real estate acquired under division (B), (C), or (D) of section 3925.20 of the Revised Code shall be disposed of within two years after title to the real estate is acquired, unless the company determines to hold the real estate as an […]
Section 3925.04 | Other Officers – Bylaws and Regulations.
Effective: June 18, 2002 Latest Legislation: Senate Bill 171 – 124th General Assembly When convened at the office of the company, the board of directors elected or appointed as provided in section 3925.03 or 3941.05 of the Revised Code, or a majority of the board, may appoint a secretary and other officers or agents necessary […]
Section 3925.05 | Investment of Capital.
Effective: September 30, 1955 Latest Legislation: Senate Bill 386 – 101st General Assembly No insurance company organized under any law of this state for the purpose provided in section 3925.01 of the Revised Code shall invest its capital, or any part thereof, otherwise than in the following securities: (A) Bonds or other interest-bearing obligations of […]
Section 3925.06 | Additional Investments.
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly In addition to the investments provided by law, investments in any of the following securities are authorized investments for the capital and accumulations of insurance companies, both life and other than life, which are organized under the laws of this state, subject […]
Section 3925.07 | Deposit of Securities.
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly Whenever a deposit of securities is required from a domestic or foreign insurance company, either life or other than life, as a condition upon which such company may transact business in this state, the following securities may be deposited for that purpose […]
Section 3925.08 | Investment of Accumulated Funds or Surplus.
Effective: September 4, 2014 Latest Legislation: Senate Bill 140 – 130th General Assembly Funds accumulated in the course of business, or surplus money above the capital stock, of any company organized under any law of this state, for the purpose provided in section 3925.01 of the Revised Code, shall only be loaned or invested in […]
Section 3925.081 | Investing in Mortgage Related Securities.
Effective: January 31, 1992 Latest Legislation: House Bill 490 – 119th General Assembly (A) Any securities described in section 77r-1 of the “Secondary Mortgage Market Enhancement Act of 1984,” 98 Stat. 1689, 15 U.S.C.A. 77r-1, shall be subject to all limitations prescribed in section 3925.08 of the Revised Code for investments not guaranteed by the […]
Section 3925.09 | Limitations on Certain Investments.
Effective: January 1, 2021 Latest Legislation: House Bill 339 – 133rd General Assembly No insurance company shall own more than one fourth of the capital stock of a national bank, nor invest in or loan on the stocks and bonds, both included, of any railroad company, to an extent exceeding one fifth of its own […]