Effective: September 11, 2008
Latest Legislation: House Bill 404 – 127th General Assembly
Any insurance company that issues life insurance policies in this state shall file electronically, in a format prescribed by the superintendent of insurance, on or before June first of each year, a description of the measures taken by the insurance company to detect and prevent stranger-originated life insurance. The description shall be attested to by an officer of the company. The reports shall be maintained by the superintendent as confidential and not a matter of public record.
As used in this section, “stranger-originated life insurance” has the same meaning as in section 3916.01 of the Revised Code.