Ohio Revised Code Chapter 3906 - Alternate Investment Law

• Section 3906.01 - Definitions.
  As used in this chapter: (A) "Annual financial statement" means an insurer's statutorily required financial statement under the insurer's respective authorizing chapter of the...
• Section 3906.02 - Applicability.
  (A) This chapter, and any rules adopted under it, apply to entities organized under Chapters 1731., 1751., 3907., 3919., 3921., 3925., 3931., 3939., 3941.,...
• Section 3906.03 - Alternative Minimum Financial Security Benchmarks.
  (A) (1) Unless otherwise established in accordance with divisions (A)(2) and (3) of this section, the amount of the minimum financial security benchmark for...
• Section 3906.04 - Rights Of Insurer.
  (A) Subject to this chapter, an insurer making investments under this chapter may loan or invest its funds, and may buy, sell, hold title...
• Section 3906.05 - Consideration Of Relevant Factors.
  (A) An insurer making investments under this chapter shall consider the factors listed in division (C) of this section along with its business in...
• Section 3906.06 - Investment Policy.
  In acquiring, investing, exchanging, holding, selling, and managing investments under this chapter, an insurer shall establish and follow a written investment policy that shall...
• Section 3906.07 - Classes Of Investment For Purposes Of Minimum Asset Requirement.
  All of the following classes of investments may be counted for the purposes specified in section 3906.11 of the Revised Code, whether they are...
• Section 3906.08 - Determination Of Minimum Asset Requirement.
  (A) For the purposes of determining an insurer's minimum asset requirement under section 3906.11 of the Revised Code, the following limitations on classes of...
• Section 3906.09 - Payment In Different Currencies.
  An insurer investing under this chapter that is doing business that requires the insurer to make payment in different currencies shall have investments in...
• Section 3906.10 - Prohibited Investments.
  (A) An insurer investing under this chapter shall not invest in investments that are prohibited for an insurer by statute or rules of this...
• Section 3906.11 - Minimum Asset Requirement.
  (A) An insurer investing under this chapter shall maintain assets in an amount equivalent to the sum of its liabilities and its minimum financial...
• Section 3906.12 - Derivative Use Plan.
  (A) Prior to an insurer entering into derivative transactions, the board of directors of the insurer investing under this chapter shall approve a derivative...
• Section 3906.13 - Powers Of Superintendent.
  (A) If the superintendent determines that an insurer's investment practices do not meet the requirements of this chapter, the superintendent may, after notification to...
• Section 3906.14 - Hearings.
  (A) An insurer subject to an order of the superintendent under section 3906.03 or 3906.13 of the Revised Code may request a hearing within...
• Section 3906.15 - Adoption Of Rules.
  (A) The superintendent may, in accordance with section 119.03 of the Revised Code, adopt rules interpreting and implementing the provisions of this chapter. (B)...

Last modified: October 10, 2016