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 3965.01 | Definitions.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly As used in this chapter: (A) “Assuming insurer” has the same meaning as in section 3901.61 of the Revised Code. (B) “Authorized individual” means an individual authorized by the licensee to access nonpublic information held by the licensee and its information systems. […]
Section 3965.02 | Information Security Program.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly (A) Each licensee shall develop, implement, and maintain a comprehensive written information security program based on the licensee’s risk assessment. The program shall be commensurate with the size and complexity of the licensee, the nature and scope of the licensee’s activities including […]
Section 3965.03 | Investigation of Events.
Effective: March 20, 2019 Latest Legislation: Senate Bill 273 – 132nd General Assembly (A) If a licensee learns that a cybersecurity event has or may have occurred, the licensee or an outside vendor or service provider designated to act on behalf of the licensee shall conduct a prompt investigation. (B) During the investigation, the licensee […]
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 […]
Section 3964.1710 | Incorporation of Other Insurance Companies as Captive Cell; Approval of Superintendent.
Effective: September 17, 2014 Latest Legislation: House Bill 117 – 130th General Assembly (A) Any insurance company organized under Chapter 3925. of the Revised Code, and any captive insurance company that is not a protected cell captive insurance company, may become a protected cell of a protected cell captive insurance company, with the approval of […]
Section 3964.18 | Liquidation.
Effective: September 17, 2014 Latest Legislation: House Bill 117 – 130th General Assembly (A) If a protected cell captive insurance company with one or more protected cells is being liquidated, the protected cell captive insurance company may be considered to have no assets and no liabilities only if the protected cell captive insurance company continues […]