A corporation, company, or association which is organized for the purpose of doing a purely accident insurance business, and which creates a reserve or guarantee fund from the premiums collected by assessments or otherwise, as provided in its bylaws, is not required to deposit a bond of one hundred thousand dollars; but the treasurer of such organization, before it commences business, shall deposit with the superintendent of insurance a bond with approved securities, to his acceptance, in the sum of ten thousand dollars, for the use and purposes provided in section 3919.34 of the Revised Code.
Effective Date: 10-01-1953
Section: Previous 3919.28 3919.29 3919.30 3919.31 3919.32 3919.33 3919.34 3919.35 3919.36 3919.37 3919.38 3919.39 3919.40 3919.41 NextLast modified: October 10, 2016