Ohio Revised Code Chapter 3907 - Domestic Legal Reserve Life Insurance Companies

• Section 3907.01 - Formation Of Insurance Company.
  Any number of persons, not less than thirteen, may associate and form a company to make insurance upon the lives of individuals, and every...
• Section 3907.02 - Articles Of Incorporation.
  The persons forming a company under section 3907.01 of the Revised Code shall file in the office of the secretary of state articles of...
• Section 3907.03 - Approval By Attorney General.
  When the articles of incorporation are filed in the office of the secretary of state under section 3907.02 of the Revised Code, and the...
• Section 3907.04 - Organization Of Company.
  When the signers of the articles of incorporation required by section 3907.02 of the Revised Code receive from the secretary of state a certified...
• Section 3907.05 - Escrowing Amount For Paid-in Capital And Contributed Surplus.
  (A) (1) No company shall be incorporated under sections 3907.01 to 3907.21 of the Revised Code, on or after January 1, 1982, until the...
• Section 3907.06 - Increase Of Capital Stock.
  When, in the opinion of its board of directors, a legal reserve life insurance company organized under any law of this state, requires a...
• Section 3907.07 - Deposit Of Securities With Superintendent Of Insurance.
  Any legal reserve life insurance company organized under the laws of this state may invest its capital in the stocks, bonds, or mortgages authorized...
• Section 3907.08 - Commencement Of Business.
  When a company is fully organized and has deposited the amount of securities required by section 3907.07 of the Revised Code, it shall file...
• Section 3907.09 - [Repealed].
  Repealed by 130th General Assembly File No. TBD, SB 140, §2, eff. 9/4/2014. Effective Date: 10-01-1953
• Section 3907.10 - [Repealed].
  Repealed by 130th General Assembly File No. TBD, SB 140, §2, eff. 9/4/2014. Effective Date: 10-30-1969
• Section 3907.11 - [Repealed].
  Repealed by 130th General Assembly File No. TBD, SB 140, §2, eff. 9/4/2014. Effective Date: 10-01-1953
• Section 3907.12 - Reinsurance.
  Any domestic legal reserve life insurance company may reinsure a fractional part of any individual risk, not exceeding four-fifths thereof, in a company authorized...
• Section 3907.13 - [Repealed].
  Repealed by 130th General Assembly File No. TBD, SB 140, §2, eff. 9/4/2014. Effective Date: 10-01-1953
• Section 3907.14 - Investment Of Capital, Surplus, And Accumulations.
  The capital, surplus, and all accumulations of every domestic life insurance company shall be invested as follows: (A) A domestic company may acquire, hold,...
• Section 3907.141 - Federal Limitations On Investments.
  (A) Any securities described in section 77r-1 of the "Secondary Mortgage Market Enhancement Act of 1984," 98 Stat. 1689, 15 U.S.C.A. 77r-1, shall be...
• Section 3907.15 - Allocating Premiums.
  (A) A domestic life insurance company may, subject to section 3911.011 of the Revised Code, issue policies, annuities, or other contracts, whether on an...
• Section 3907.16 - [Repealed].
  Effective Date: 10-13-1953
• Section 3907.17 - Certain Action Authorized.
  Actions may be maintained by an insurance company formed under the laws of this state, against any of its members, officers, policyholders, or stockholders,...
• Section 3907.18 - Dividends.
  The directors, managers, or officers of any legal reserve life insurance company organized under the laws of this state shall not, directly or indirectly,...
• Section 3907.19 - Annual Statements.
  The president or vice-president, and the secretary or actuary, or a majority of the directors of each insurance company organized under the laws of...
• Section 3907.20 - Valuation Of Securities.
  (A) All investments shall be valued in accordance with the valuation standards published by the national association of insurance commissioners. Securities investments for which...
• Section 3907.21 - Companies Previously Organized.
  All companies organized under any law of this state shall continue to be corporations for the purpose for which they were chartered, but they...

Last modified: October 10, 2016