Effective: September 1, 1961 Latest Legislation: Senate Bill 96 – 104th General Assembly No life insurance company organized by act of congress, or under the laws of any other state of the United States, shall transact any business of insurance defined in section 3911.01 of the Revised Code, on the capital stock or mutual plan, […]
Effective: September 25, 1981 Latest Legislation: House Bill 265 – 114th General Assembly No life insurance company organized by act of congress or under the laws of another state of the United States shall take risks or transact any business of insurance in this state, unless it is possessed of the amount of paid-in capital, […]
Effective: October 1, 1953 Latest Legislation: Senate Bill 361 – 100th General Assembly No life insurance company organized by act of congress or under the laws of another state of the United States shall transact any business of insurance in this state unless at least one hundred thousand dollars of its assets are invested in […]
Effective: January 1, 2021 Latest Legislation: House Bill 339 – 133rd General Assembly Every life insurance company organized by act of congress or under the laws of another state of the United States shall file with the superintendent of insurance a certified copy of its charter, or deed of settlement, together with a statement, under […]
Effective: October 29, 2003 Latest Legislation: House Bill NO137 – 125th General Assembly (A) Any life insurance company organized by act of congress or under the laws of another state of the United States that transacts any business of insurance in this state shall have and maintain an agent, sometimes referred to as the “statutory […]
Effective: September 1, 2002 Latest Legislation: Senate Bill 129 – 124th General Assembly Every life insurance company organized by act of congress or under the laws of another state of the United States doing business in this state, annually shall file a statement of its condition and affairs in the office of the superintendent of […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Every life insurance company organized by act of congress or under the laws of another state of the United States, after the payment of the first premium, and not more than sixty nor less than ten days prior to the maturity of […]
Effective: January 13, 1978 Latest Legislation: House Bill 534 – 112th General Assembly If the annual statement required by section 3909.06 of the Revised Code is satisfactory evidence to the superintendent of insurance of the solvency and ability of the company to meet all its engagements at maturity, and that the deposit is maintained as […]
Effective: October 29, 2003 Latest Legislation: House Bill NO137 – 125th General Assembly No person shall act in this state as agent, or otherwise, in receiving or procuring applications for life insurance, nor in any manner aid in transacting the business of any company, partnership, or association incorporated by or organized under the laws of […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Every company, partnership, or association described in section 3909.09 of the Revised Code shall file a statement of its condition and affairs in the office of the superintendent of insurance, in the form and manner required for the annual statements of similar […]
Effective: January 13, 1978 Latest Legislation: House Bill 534 – 112th General Assembly No person, directly or indirectly, shall act as agent for any company, partnership, or association described in section 3909.09 of the Revised Code, either in procuring applications for insurance, taking risks, or in any manner aiding in the transaction of the business […]
Effective: January 13, 1978 Latest Legislation: House Bill 534 – 112th General Assembly If the annual statement required by section 3909.10 of the Revised Code is satisfactory evidence to the superintendent of insurance of the solvency and ability of the company, partnership, or association to meet all its engagements at maturity, he shall issue renewal […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If a company, partnership, or association, organized without this state, neglects or refuses to make annual statements, all persons acting in this state as its agents, or otherwise, in transacting the business of insurance, shall be subject to the penalties provided by […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly All licenses granted by the superintendent of insurance under sections 3907.01 to 3907.21, inclusive, and 3909.01 to 3909.17, inclusive, of the Revised Code, shall continue in force, unless suspended or revoked, until the first day of April next after the date of […]
Effective: October 29, 2003 Latest Legislation: House Bill NO137 – 125th General Assembly If a company, partnership, or association, organized under the laws of any other state or government, ceases to transact the business of life insurance in this state according to law, the statutory agent last designated by or acting for it is deemed […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Sections 3909.01 to 3909.17, inclusive, of the Revised Code do not prevent a company, partnership, or association mentioned in such sections from collecting the interest on any securities deposited by it, so long as it continues solvent and complies with such sections, […]
