Section 3925.10 | Liability of Directors.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If an investment or loan is made by an insurance company in a manner not authorized by sections 3925.01 to 3925.34, inclusive, of the Revised Code, the directors who make or authorize such investment or loan shall be personally liable to the […]
Section 3925.101 | Regulation of Foreign Branches of Domestic Companies.
Effective: September 23, 2008 Latest Legislation: House Bill 562 – 127th General Assembly With the approval of the superintendent of insurance, sections 3925.06 to 3925.09 and 3925.20 of the Revised Code shall not apply to a domestic insurance company that qualifies as a foreign country branch of a United States company that writes policies exclusively […]
Section 3925.11 | Examination of Company – Renewal of License.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When an insurance company notifies the superintendent of insurance that sections 3925.01 to 3925.03, inclusive, of the Revised Code, have been complied with, he shall make an examination of its condition, and if he finds that the capital required of the company […]
Section 3925.03 | Election of Directors and Officers.
Effective: June 18, 2002 Latest Legislation: Senate Bill 171 – 124th General Assembly Within one month after the subscription books of a stock insurance company are filled, as provided in section 3925.02 of the Revised Code, and after the articles of incorporation of a stock insurance company are filed with the secretary of state, a […]
Section 3925.01 | Approval and Recording of Articles.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The articles of incorporation of a company formed for the purpose of insurance, other than life insurance, must be forwarded to the secretary of state, who shall submit them to the attorney general for examination. If such articles are found by him […]
Section 3925.02 | Subscription to Stock.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The persons named in the articles of incorporation of a company formed for the purpose of insurance other than life, or a majority of such persons, shall be commissioners to open books for the subscription of stock in the company, at such […]