Ohio Revised Code Chapter 3956 - Life And Health Insurance Guaranty Association

• Section 3956.01 - Life And Health Insurance Guaranty Association Definitions.
  As used in this chapter: (A) "Account" means either of the two accounts created under section 3956.06 of the Revised Code. (B) "Contractual obligation"...
• Section 3956.02 - Citing Chapter.
  This chapter may be cited as the Ohio life and health insurance guaranty association act. Effective Date: 11-20-1989
• Section 3956.03 - Purpose Of Chapter.
  The purpose of this chapter is to protect, subject to certain limitations, the persons specified in division (A) of section 3956.04 of the Revised...
• Section 3956.04 - Application Of Chapter.
  (A) This chapter provides coverage, by the Ohio life and health insurance guaranty association, for the policies and contracts specified in division (B) of...
• Section 3956.05 - Liberal Construction Of Chapter.
  This chapter shall be liberally construed to effect its purpose as set forth in section 3956.03 of the Revised Code. Effective Date: 11-20-1989
• Section 3956.06 - Creating Ohio Life And Health Insurance Guaranty Association.
  (A) There is hereby created an unincorporated nonprofit association to be known as the Ohio life and health insurance guaranty association. All member insurers...
• Section 3956.07 - Board Of Directors.
  (A) The board of directors of the Ohio life and health insurance guaranty association shall consist of not less than nine nor more than...
• Section 3956.08 - Duties As To Impaired Or Insolvent Member Insurer.
  (A) (1) Subject to any conditions imposed as provided in division (A)(2) of this section, the Ohio life and health insurance guaranty association may...
• Section 3956.09 - Assessment Of Members For Funds.
  (A) For the purpose of providing the funds necessary to carry out the powers and duties of the Ohio life and health insurance guaranty...
• Section 3956.10 - Plan Of Operation And Amendments.
  (A) (1) The Ohio life and health insurance guaranty association shall submit to the superintendent of insurance a plan of operation and any amendments...
• Section 3956.11 - Powers Of Superintendent - Appeals - Notification Of Chapter Provisions.
  (A) The superintendent of insurance shall: (1) Upon request of the board of directors of the Ohio life and health insurance guaranty association, provide...
• Section 3956.12 - Detection And Prevention Of Insurer Insolvencies Or Impairments - Duties Of Superintendent.
  To aid in the detection and prevention of insurer insolvencies or impairments: (A) The superintendent of insurance shall do all of the following: (1)...
• Section 3956.13 - Liability For Unpaid Assessments - Records - Rehabilitation Or Liquidation Proceedings.
  (A) Nothing in this chapter shall be construed to reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer...
• Section 3956.14 - Examination And Regulation By Superintendent - Annual Financial Report.
  The Ohio life and health insurance guaranty association is subject to examination and regulation by the superintendent of insurance. The board of directors shall...
• Section 3956.15 - Exemption From Fees And Taxes.
  The Ohio life and health guaranty association is exempt from payment of all fees and all taxes levied by this state or any of...
• Section 3956.16 - Acts Or Omissions - Immunity.
  There shall be no liability on the part of, and no cause of action of any nature shall arise against, any member insurer or...
• Section 3956.17 - Proceedings Involving Insolvent Insurer.
  All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed sixty days from the date...
• Section 3956.18 - Advertising Prohibitions - Summary Document.
  (A) (1) No person shall make, publish, disseminate, circulate, or place before the public, or cause to be made, published, disseminated, circulated, or placed...
• Section 3956.19 - Exempted Insurers.
  This chapter does not apply to any insurer that is insolvent or unable to fulfill its contractual obligations on the effective date of this...
• Section 3956.20 - Offset Of Assessments Against Premium Or Franchise Tax Liability.
  (A) (1) A member insurer may offset against its premium or franchise tax liability twenty per cent of the assessment described in division (H)...

Last modified: October 10, 2016