Effective: April 6, 2017 Latest Legislation: Senate Bill 273 – 131st General Assembly (A)(1) An insurer or insurance group shall have discretion regarding the format of its corporate governance annual disclosure. (2) The CGAD shall be prepared consistent with the rules adopted by the superintendent pursuant to section 3901.077 of the Revised Code regarding the […]
Effective: April 6, 2017 Latest Legislation: Senate Bill 273 – 131st General Assembly (A) Documents, materials, or other information, including the corporate governance annual disclosure, in the possession or control of the department of insurance that are obtained by, created by, or disclosed to the superintendent or any other person under sections 3901.072 to 3901.078 […]
Effective: April 6, 2017 Latest Legislation: Senate Bill 273 – 131st General Assembly (A) The superintendent may retain a third- party consultant, including attorneys, actuaries, accountants, and other experts not otherwise part of the superintendent’s staff, as is reasonably necessary to assist the superintendent in reviewing a corporate governance annual disclosure and related information or […]
Effective: April 6, 2017 Latest Legislation: Senate Bill 273 – 131st General Assembly The superintendent shall adopt rules in accordance with Chapter 119. of the Revised Code as are reasonably necessary to implement sections 3901.072 to 3901.078 of the Revised Code.
Effective: April 6, 2017 Latest Legislation: Senate Bill 273 – 131st General Assembly (A) If the superintendent finds, after notice and an opportunity for a hearing conducted in accordance with Chapter 119. of the Revised Code, that an insurer has failed to file a corporate governance annual disclosure as required by division (A) of section […]
Effective: September 28, 1990 Latest Legislation: House Bill 629 – 118th General Assembly The superintendent of insurance may make written requisitions upon the officers or directors of any national bank, state bank, or state bank and trust company of this state, and upon any clearing corporation, direct participant, or member bank, as defined in section […]
Effective: September 28, 1990 Latest Legislation: House Bill 629 – 118th General Assembly Any officer or director of any national bank, state bank, or state bank and trust company of this state, and any clearing corporation, direct participant, or member bank, as defined in section 3901.51 of the Revised Code, domiciled or doing business in […]
Effective: September 4, 1970 Latest Legislation: House Bill 1121 – 108th General Assembly If it appears to the superintendent of insurance upon satisfactory evidence that the assets of an insurance company, organized under the laws of this state, after deducting therefrom all liabilities including reinsurance, reserve, or unearned premium fund, computed according to the laws […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Any domestic insurer and any foreign or alien insurer authorized to do business in this state may retain, invest in, or acquire the whole or any part of the capital stock of any other insurer, or have a common management with any […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Any person otherwise qualified may be a director of two or more insurers which are competitors or which have a common management, but no such interlocking directorate shall be used as a means of substantially lessening competition generally in the business of […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Whenever the superintendent of insurance has reason to believe that there is a violation of section 3901.11 or 3901.12 of the Revised Code, he shall serve upon the insurers and directors a notice of a hearing before the superintendent to be held […]
Effective: September 6, 1965 Latest Legislation: House Bill 149 – 106th General Assembly The superintendent of insurance shall preserve a full record of his proceedings, including a concise statement of the condition of each insurance company or association authorized to transact business in this state. Each year the superintendent shall report their general conduct and […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The laws relating to the superintendent of insurance apply to all persons, companies, and associations, whether incorporated or not, engaged in the business of insurance.
Effective: October 1, 1998 Latest Legislation: House Bill 361 – 122nd General Assembly Any association, company, or corporation, including a health insuring corporation, which violates any law relating to the superintendent of insurance, any provision of Chapter 1751. or 1753. of the Revised Code, or any insurance law of this state, for the violation of […]
Effective: September 4, 2014 Latest Legislation: Senate Bill 140 – 130th General Assembly (A) As used in this section: (1) “Captive insurer” has the same meaning as in section 3905.36 of the Revised Code. (2) “Insurer” includes, but is not limited to, any person that is an affiliate of or affiliated with the insurer, as […]
Effective: November 21, 1967 Latest Legislation: House Bill 436 – 107th General Assembly (A) Before any unauthorized foreign or alien insurer may enter an appearance in any court action, suit, or proceeding or in any administrative proceeding before the superintendent of insurance, such unauthorized insurer shall either: (1) Deposit with the clerk of the court […]
Effective: September 1, 2002 Latest Legislation: Senate Bill 129 – 124th General Assembly As used in sections 3901.19 to 3901.26 of the Revised Code: (A) “Person” means any individual, corporation, association, partnership, reciprocal exchange, inter-insurer, fraternal benefit society, title guarantee and trust company, health insuring corporation, and any other legal entity. (B) “Residents” includes any […]
Effective: January 5, 1988 Latest Legislation: House Bill 1 – 117th General Assembly No person shall engage in this state in any trade practice which is defined in sections 3901.19 to 3901.23 of the Revised Code as, or determined pursuant to those sections to be, an unfair or deceptive act or practice in the business […]
Effective: July 21, 2022 Latest Legislation: Senate Bill 256 – 134th General Assembly The following are hereby defined as unfair and deceptive acts or practices in the business of insurance: (A) Making, issuing, circulating, or causing or permitting to be made, issued, or circulated, or preparing with intent to so use, any estimate, illustration, circular, […]
Effective: April 27, 2005 Latest Legislation: House Bill 425 – 125th General Assembly (A)(1) No person may require as a condition precedent to the lending of money or the extension of credit, or any renewal thereof, that the person to whom such money or credit is extended or whose obligation a creditor is to acquire […]
