Section 3965.05 | Powers of Superintendent.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly (A) The superintendent of insurance shall have power to examine and investigate into the affairs of any licensee to determine whether the licensee has been or is engaged in any conduct in violation of this chapter. This power is in addition to […]
Section 3965.06 | Confidentiality.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly (A)(1) Any documents, materials, or other information in the control or possession of the department of insurance that are furnished pursuant to divisions (H)(1) and (I) of section 3965.02 and divisions (B)(1)(b), (c), (d), (e), (h), (j), and (k) of section 3965.04 […]
Section 3965.07 | Exemptions.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly (A) A licensee is exempt from the requirements of section 3965.02 of the Revised Code if it meets any of the following criteria: (1) The licensee has fewer than twenty employees. (2) The licensee has less than five million dollars in gross […]
Section 3965.08 | Affirmative Defense.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly (A) A licensee that satisfies the provisions of this chapter shall be entitled to an affirmative defense to any cause of action sounding in tort that is brought under the laws of this state or in the courts of this state and […]
Section 3965.09 | Applicability and Scope of Chapter.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly Notwithstanding any other provision of law, the provisions of this chapter and any rules adopted pursuant to this chapter constitute the exclusive state standards and requirements applicable to licensees regarding cybersecurity events, the security of nonpublic information, data security, investigation of cybersecurity […]
Section 3965.10 | Adoption of Rules.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly The superintendent of insurance, pursuant to Chapter 119. of the Revised Code, may adopt rules as necessary to carry out the provisions of this chapter.
Section 3964.20 | Foreign Companies.
Effective: September 17, 2014 Latest Legislation: House Bill 117 – 130th General Assembly A captive insurance company organized under the laws of another state or jurisdiction may become a domestic captive insurance company pursuant to section 3913.40 of the Revised Code after complying with all the requirements of this chapter relative to the organization and […]
Section 3964.21 | Rules.
Effective: September 17, 2014 Latest Legislation: House Bill 117 – 130th General Assembly The superintendent may adopt rules in accordance with Chapter 119. of the Revised Code as are reasonably necessary for the implementation and operation of this chapter.
Section 3964.178 | Conversion of Captive Insurance Company to Protected Cell Captive Insurance Company.
Effective: September 17, 2014 Latest Legislation: House Bill 117 – 130th General Assembly (A) A captive insurance company may amend its organizational document to become a protected cell captive insurance company. (B) The amendment of the organizational document of a captive insurance company to become a protected cell captive insurance company shall require approval by […]
Section 3964.179 | Transfer of Protected Cells.
Effective: September 17, 2014 Latest Legislation: House Bill 117 – 130th General Assembly (A) A protected cell of a protected cell captive insurance company may be transferred to another protected cell captive insurance company. (B) The protected cell captive insurance companies between which a protected cell is being transferred shall enter into a written agreement […]