Ohio Revised Code Chapter 3925 - Domestic Insurance Companies Other Than Life
- Section 3925.01 - Approval And Recording Of Articles.
The articles of incorporation of a company formed for the purpose of insurance, other than life insurance, must be forwarded to the secretary of...
- Section 3925.02 - Subscription To Stock.
The persons named in the articles of incorporation of a company formed for the purpose of insurance other than life, or a majority of...
- Section 3925.03 - Election Of Directors And Officers.
Within one month after the subscription books of a stock insurance company are filled, as provided in section 3925.02 of the Revised Code, and...
- Section 3925.04 - Other Officers - Bylaws And Regulations.
When convened at the office of the company, the board of directors elected or appointed as provided in section 3925.03 or 3941.05 of the...
- Section 3925.05 - Investment Of Capital.
No insurance company organized under any law of this state for the purpose provided in section 3925.01 of the Revised Code shall invest its...
- Section 3925.06 - Additional Investments.
In addition to the investments provided by law, investments in any of the following securities are authorized investments for the capital and accumulations of...
- Section 3925.07 - Deposit Of Securities.
Whenever a deposit of securities is required from a domestic or foreign insurance company, either life or other than life, as a condition upon...
- Section 3925.08 - Investment Of Accumulated Funds Or Surplus.
Funds accumulated in the course of business, or surplus money above the capital stock, of any company organized under any law of this state,...
- Section 3925.081 - Investing In Mortgage Related Securities.
(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 3925.09 - Limitations On Certain Investments.
No insurance company shall own more than one fourth of the capital stock of a national bank, nor invest in or loan on the...
- Section 3925.10 - Liability Of Directors.
If an investment or loan is made by an insurance company in a manner not authorized by sections 3925.01 to 3925.34, inclusive, of the...
- Section 3925.101 - Regulation Of Foreign Branches Of Domestic Companies.
With the approval of the superintendent of insurance, sections 3925.06 to 3925.09 and 3925.20 of the Revised Code shall not apply to a domestic...
- Section 3925.11 - Examination Of Company - Renewal Of License.
When an insurance company notifies the superintendent of insurance that sections 3925.01 to 3925.03, inclusive, of the Revised Code, have been complied with, he...
- Section 3925.12 - Capitalization Requirements.
(A) (1) Except as otherwise provided in Title XXXIX of the Revised Code before commencing the business of insurance. (2) (a) Except as otherwise...
- Section 3925.13 - Annual Cash Premiums Collectible In Advance.
Mutual fire insurance companies organized under sections 3925.01 to 3925.34, inclusive, of the Revised Code, may thereafter charge and collect in advance upon their...
- Section 3925.14 - Mutual Associations Excepted.
Sections 3925.12 and 3925.13 of the Revised Code are not applicable to associations which are organized as provided by law for the mutual protection...
- Section 3925.15 - Transfers Of Stock.
Transfers of stock may be made on the books of an insurance company by any shareholder, or his legal representative, subject to such reasonable...
- Section 3925.16 - Increase Of Capital Stock.
When, in the opinion of its directors, a company organized under sections 3925.01 to 3925.34, inclusive, of the Revised Code, requires an increased amount...
- Section 3925.17 - Restriction On Dividends - Liability Of Directors.
No fire insurance company organized under a law of this state shall declare or pay any dividend which impairs its capital or capital stock,...
- Section 3925.18 - Scrip Dividends.
Section 3925.17 of the Revised Code does not prevent the declaration of scrip dividends by participating or mutual insurance companies, but no such dividend...
- Section 3925.19 - Accumulation Of Permanent Fund.
In its bylaws any insurance company organized under sections 3925.01 to 3925.34, inclusive, of the Revised Code, may provide for the accumulation of a...
- Section 3925.20 - Authorized Real Estate Holdings.
No insurance company organized under Chapter 3925. of the Revised Code, shall purchase, hold, or convey real estate, except for the following purposes and...
- Section 3925.21 - Disposal Of Real Estate.
Real estate acquired under division (B), (C), or (D) of section 3925.20 of the Revised Code shall be disposed of within two years after...
- Section 3925.22 - Restriction Against Debts.
No mutual insurance company shall borrow money or create a debt, except for necessary office buildings, which is to continue beyond the period when...
- Section 3925.23 - Enforcement Of Assessments.
If a member of a mutual insurance company neglects for thirty days after the publication of notice by the directors, and after demand for...
- Section 3925.24 - Proof Of Assessments And Notice.
In actions for the recovery of assessments levied by the directors of a mutual fire insurance company, or for money due on the liability...
- Section 3925.25 - Accident Companies Authorized.
Companies may be organized for any of the following special purposes: (A) Insuring persons against accidental personal injury or loss of life while they...
- Section 3925.26 - Deposit By Accident Companies.
When a company organized under section 3925.25 of the Revised Code desires to do business in another state, by the laws of which, to...
- Section 3925.27 - Consolidation.
When a joint stock fire and marine insurance company determines by a vote of the holders of two thirds of its stock to consolidate...
- Section 3925.28 - Rights And Duties Of Consolidated Companies.
Upon filing with the superintendent of insurance a certificate of the consolidation authorized by section 3925.27 of the Revised Code, the companies thenceforth shall...
- Section 3925.29 - Distribution Of New Shares Of Stock - Limitation Of Capital Stock.
Upon a consolidation of insurance companies authorized by section 3925.27 of the Revised Code, the true value of each outstanding share of the capital...
- Section 3925.30 - Election Of Directors.
Immediately upon the consolidation of insurance companies authorized by section 3925.27 of the Revised Code, the directors of the consolidating companies shall elect from...
- Section 3925.31 - Filing Of Certificate Of Consolidation.
Within thirty days after any consolidation of insurance companies authorized by section 3925.27 of the Revised Code, a certificate shall be filed in the...
- Section 3925.32 - Approval Of Official Bonds.
An insurance company which, by its charter, is required to have its official bonds approved by a judge of the court of common pleas...
- Section 3925.33 - Reinsurance Of Risks.
A fire, marine, fidelity, accident, plate-glass, boiler, or other insurance company organized or existing under the laws of this state, with the approval of...
- Section 3925.34 - Authorized Fields Of Insurance For Fire Insurance Companies.
All companies, organized or admitted to do business for the purpose of insuring against loss or damage by fire, may insure against any of...
Last modified: October 10, 2016