Ohio Revised Code Chapter 3918 - Credit Life And Accident And Health Insurance

• Section 3918.01 - Consumer Credit Insurance.
  All consumer credit insurance issued or sold in connection with loans or other credit transactions for personal, family, or household purposes is subject to...
• Section 3918.02 - Credit Life And Accident And Health Insurance Definitions.
  As used in sections 3918.01 to 3918.13 of the Revised Code: (A) "Consumer credit insurance" means credit life insurance and credit accident and health...
• Section 3918.03 - Form Of Policies.
  Credit life insurance and credit accident and health insurance shall be issued only in the following forms: (A) Individual policies of life insurance issued...
• Section 3918.04 - Amount Of Credit Life Insurance Not To Exceed Initial Indebtedness.
  (A) The amount of credit life insurance shall not exceed the initial indebtedness. Where an indebtedness repayable in substantially equal installments is secured by...
• Section 3918.05 - Coverage Date.
  The term of any credit life insurance or credit accident or health insurance shall, subject to acceptance by the insurer, commence on the date...
• Section 3918.06 - Delivery Of Policy Or Group Certificate Of Insurance To Debtor.
  (A) All credit life insurance and credit accident and health insurance sold shall be evidenced by an individual policy, or in the case of...
• Section 3918.07 - Filing Policies With Superintendent Of Insurance.
  (A) All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders providing coverage on residents of Ohio shall be...
• Section 3918.08 - Filing Schedules Of Premium Rates With Superintendent Of Insurance.
  (A) Each insurer issuing credit life insurance or credit accident and health insurance shall file with the superintendent of insurance its schedules of premium...
• Section 3918.09 - Authorized Insurers.
  All policies of credit life insurance and credit accident and health insurance shall be delivered or issued for delivery in this state only by...
• Section 3918.10 - Reporting And Payment Of Claims.
  (A) All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All...
• Section 3918.11 - Debtor Has Option Of Furnishing Additional Security Through Existing Policies.
  When credit life insurance or credit accident and health insurance is required as additional security for an indebtedness, the debtor shall, upon request to...
• Section 3918.12 - Rules And Regulations - Enforcement.
  The superintendent may, in accordance with section 119.03 of the Revised Code, adopt such rules and regulations as he deems appropriate, for the enforcement...
• Section 3918.13 - Judicial Review.
  Any party to the proceeding affected by an order of the superintendent shall be entitled to judicial review by following the procedure set forth...
• Section 3918.99 - Penalty.
  Whoever violates sections 3918.01 to 3918.13, inclusive, of the Revised Code, shall be fined not less than one hundred nor more than one thousand...

Last modified: October 10, 2016