Ohio Revised Code Chapter 3929 - Domestic And Foreign Insurance Companies Other Than Life

• Section 3929.01 - Powers Of Companies - Deposits Required Of Foreign Companies.
  (A) A domestic, foreign, or alien mutual or stock insurance company, other than a life insurance company, organized or admitted under Title XXXIX [39]...
• Section 3929.011 - Capitalization Requirements.
  (A) (1) As a condition of the issuance of a certificate of authority to transact in this state any of the kinds of insurance...
• Section 3929.012 - Reserve Requirements.
  (A) Each insurance company authorized to transact business in this state, except any life insurance company, shall maintain reserves in at least all of...
• Section 3929.02 - Liability Incurred On Any Single Risk.
  (A) No insurer authorized to engage in the business of property and casualty insurance in this state under Chapter 3925., 3929., or 3941. of...
• Section 3929.03 - Employee Subrogated To Rights Of Employer.
  An employee who recovers against his employer for injuries sustained while in the employ of his employer, and sustained because of the negligence of...
• Section 3929.04 - Rights And Remedies Pass To Personal Representatives.
  In case of the death of any employee by reason of the wrongful or negligent acts of his employer, or negligence or wrongful acts...
• Section 3929.05 - Liability Of Insurance Company For Bodily Injury Or Death.
  Whenever a loss or damage occurs on account of a casualty covered by a contract of insurance made between an insurance company and any...
• Section 3929.06 - Satisfying Final Judgment.
  (A) (1) If a court in a civil action enters a final judgment that awards damages to a plaintiff for injury, death, or loss...
• Section 3929.07 - Deposit With Superintendent Of Insurance Required.
  An insurance company that is required by division (B) of section 3929.01 or section 3953.06 of the Revised Code to deposit fifty thousand dollars...
• Section 3929.08 - Deposits Required By Other States.
  When any insurance company organized under the laws of this state is required by the retaliatory or other laws of any other state or...
• Section 3929.09 - Maintenance And Withdrawal Of Securities.
  Any deposit under sections 3929.07 and 3929.08 of the Revised Code shall be made and maintained in securities worth the amount of the required...
• Section 3929.10 - Deposit Required Of Guaranty Company.
  No company organized under the laws of this state to transact the business of guaranteeing the fidelity of persons holding places of public or...
• Section 3929.11 - Deposit By Foreign Guaranty Company.
  No guaranty company mentioned in section 3929.10 of the Revised Code organized under the laws of another state, territory, district, or country shall be...
• Section 3929.12, 3929.121 - [Repealed].
  Effective Date: 08-08-1991
• Section 3929.13 - Estoppel Of Company Executing Bond.
  A company which executes a bond as surety under sections 3929.10 and 3929.11 of the Revised Code shall, in any proceeding to enforce the...
• Section 3929.14 - Sufficiency Of Bonds Executed By Guaranty Company.
  When a bond, recognizance, or undertaking is required or permitted by law, with one or more sureties, its execution or the guaranteeing thereof, as...
• Section 3929.141 - Surety For Guaranteed Arrest Bond Certificates Issued By Automobile Club Or Association.
  (A) Any domestic or foreign insurance company that is authorized to transact surety business pursuant to division (A)(19) or (20) of section 3929.01 of...
• Section 3929.15 - Allowance Of Premium To Surety Company.
  A judge, court, or officer, whose duty it is to pass upon the account of an assignee, trustee, receiver, guardian, executor, administrator, or other...
• Section 3929.16 - Bonds Of Public Officers.
  Sections 3929.14 and 3929.15 of the Revised Code authorize such a guaranty company as is described therein to become surety upon the bond required...
• Section 3929.17 - Payment Of Premiums On Bonds.
  The premium of any licensed surety company on the bond of any public officer, deputy, or employee shall be allowed and paid by the...
• Section 3929.18 - Lien Of Mutual Companies For Premium Notes.
  Any building insured by a mutual company must be pledged to such company, together with the right and title of the insured in the...
• Section 3929.19 - Cancellation Of Policies.
  A fire insurance company doing business under the laws of this state, which issues policies of insurance covering property located in this state, and...
• Section 3929.20 - Rates Of Cancellation For Cash Policies.
  When a policy issued on the cash plan is canceled, in accordance with section 3929.19 of the Revised Code, the company issuing such policy...
• Section 3929.21 - Rates Of Cancellation For Policies On The Mutual Plan.
  When a policy issued on the mutual plan is canceled in accordance with section 3929.19 of the Revised Code, the company issuing such policy...
• Section 3929.22 - Rates Of Cancellation For Policies On Installment Plan.
  When a policy issued on the installment plan is canceled, in accordance with section 3929.19 of the Revised Code, the company issuing such policy...
• Section 3929.23 - [Repealed].
  Effective Date: 09-24-1963
• Section 3929.24 - Enforcement By Superintendent.
  When it comes to the knowledge of the superintendent of insurance, or an officer having charge of the division of insurance, that any one...
• Section 3929.25 - Extent Of Liability Under Policy.
  A person, company, or association insuring any building or structure against loss or damage by fire or lightning shall have such building or structure...
• Section 3929.26 - More Than One Policy On Same Property.
  When there are two or more insurance policies upon the same property, each policy shall contribute to the payment of the whole or of...
• Section 3929.27 - Solicitor Agent Of Company.
  A person who solicits insurance and procures the application therefor shall be considered as the agent of the party, company, or association thereafter issuing...
• Section 3929.28 - Execution Of Contracts.
  Policies or contracts of insurance made or entered into by a company may be made either with or without its seal. They shall be...
• Section 3929.29 - Restrictions In Advertisements - Forfeiture.
  No fire insurance company organized under the laws of this state, or admitted to do business in this state, shall include in a statement...
• Section 3929.30 - Annual Report.
  The president or the vice-president and the secretary of each insurance company organized under the laws of this or any other state and doing...
• Section 3929.301 - [Repealed] Rules Requiring Property And Casualty Insurer To File Report.
  Repealed by 128th General AssemblyFile No.18, HB 300, §2, eff. 5/26/2010. Effective Date: 01-05-1988 Related Legislative Provision: See 128th General AssemblyFile No.18, HB 300,
• Section 3929.302 - Annual Claims Report By Medical Malpractice Insurers - Fine - Confidentiality.
  (A) The superintendent of insurance, by rule adopted in accordance with Chapter 119. of the Revised Code, shall require each authorized insurer, surplus lines...
• Section 3929.31 - Special Report.
  The annual statement required by section 3929.30 of the Revised Code of a company, whose capital is composed in whole or part of notes,...
• Section 3929.32 - Prohibition Against Failure To Make Statement.
  No company organized under a law of this state, another state, or a foreign government shall fail to make and deposit the statement required...
• Section 3929.33 - Schedule Of Experience As To Liabilities With Annual Statement.
  The indebtedness for outstanding losses under insurance against loss or damage resulting from accident to, or injuries suffered by, an employee or other person,...
• Section 3929.34 - Distribution Of Unallocated Payments.
  (A) All unallocated payments in division (B) of section 3929.33 of the Revised Code made in a given calendar year subsequent to the first...
• Section 3929.35 - Determination Of Indebtedness Charged For Outstanding Losses.
  Each corporation of the type described in section 3929.33 of the Revised Code shall be charged with indebtedness for outstanding losses upon its policies...
• Section 3929.36 - Schedule Requirements For Corporations Issuing Certain Policies.
  A corporation which has been issuing policies covering the kinds of insurance described in section 3929.33 of the Revised Code for a period of...
• Section 3929.37 - Action By Attorney General.
  On the request of the superintendent of insurance, the attorney general shall institute the action authorized by section 3929.32 of the Revised Code against...
• Section 3929.41 - Purposes.
  The purposes of sections 3929.41 to 3929.49 of the Revised Code are to: (A) Assure stability in the property insurance market for property located...
• Section 3929.42 - Urban Homeowners Insurance Definitions.
  As used in sections 3929.41 to 3929.49 of the Revised Code, or any regulations adopted pursuant thereto: (A) "Basic property insurance" means insurance against...
• Section 3929.43 - Ohio Fair Plan Underwriting Association.
  (A) The Ohio fair plan underwriting association is hereby created consisting of all insurers authorized to write within this state, on a direct basis,...
• Section 3929.44 - Application By Person Unable To Obtain Basic Property Or Homeowners Insurance.
  (A) Any person having an insurable interest in real property or tangible personal property, or both, at a fixed location in an urban area,...
• Section 3929.45 - Examination Into Operation Of Association.
  The superintendent of insurance or any person designated by him may visit and examine into the operation of the Ohio fair plan underwriting association...
• Section 3929.46 - Superintendent May Require Reports From Insurers.
  The superintendent of insurance may require such reports from insurers concerning risks insured under any plan approved pursuant to sections 3929.41 to 3929.49 of...
• Section 3929.47 - Appeals - Judicial Review.
  Any person or insurer aggrieved by any action or decision of the administrator of the plan, the Ohio fair plan underwriting association, or of...
• Section 3929.48 - Immunity.
  There shall be no liability on the part of, and no cause of action of any nature shall arise against any insurer, inspection bureau,...
• Section 3929.481 - Issuing Fair Plan Policies.
  The Ohio fair plan underwriting association is authorized to issue fair plan policies of insurance in its own name and to perform acts relative...
• Section 3929.482 - Contracts To Provide Administrative And Claims Adjusting Services.
  (A) The Ohio fair plan underwriting association by action of its board of governors, with the approval of the superintendent of insurance, is authorized...
• Section 3929.49 - Furnishing Information To Show Compliance With Law.
  The superintendent of insurance may, at any time, require any property insurer to furnish him with such information as he finds necessary in order...
• Section 3929.50 - Mine Subsidence Insurance Definitions.
  As used in sections 3929.50 to 3929.61 of the Revised Code: (A) "Mine subsidence" means loss caused by the collapse or lateral or vertical...
• Section 3929.51 - Mine Subsidence Insurance Underwriting Association - Reinsurance - Governing Board.
  (A) The Ohio mine subsidence insurance underwriting association is hereby created, consisting of all insurers authorized to write and engaged in writing within the...
• Section 3929.52 - Mine Subsidence Insurance Fund.
  There is hereby created the mine subsidence insurance fund, which shall be administered by the mine subsidence insurance governing board for the purpose of...
• Section 3929.53 - Proposed Plan Of Operation For Economical, Fair, And Nondiscriminatory Administration Of Mine Subsidence Insurance Fund.
  The mine subsidence insurance governing board shall submit to the superintendent of insurance, for his approval, a proposed plan of operation for the economical,...
• Section 3929.54 - [Repealed].
  Effective Date: 07-18-1980
• Section 3929.55 - Auditor Of State - Annual Audit Of Insurance Fund.
  The auditor of state shall, at least once each year, audit the affairs of the mine subsidence insurance fund in order to ascertain its...
• Section 3929.56 - Mine Subsidence Coverage For Homeowners In Designated Counties.
  (A) (1) Every insurer that offers basic property and homeowners insurance insuring on a direct basis a structure located in the counties of Athens,...
• Section 3929.57 - [Repealed].
  Effective Date: 08-03-1992
• Section 3929.58 - Reinsurance Agreement With Ohio Mine Subsidence Insurance Underwriting Association.
  All companies authorized to write basic property insurance in this state shall enter into a reinsurance agreement with the Ohio mine subsidence insurance underwriting...
• Section 3929.59 - Distribution Of Premiums Collected.
  Thirty per cent of all mine subsidence insurance premiums collected by each insurer for policies delivered, issued for delivery, or renewed in a county...
• Section 3929.60 - Report Of Amount Of Mine Subsidence Insurance Premiums.
  Every mine subsidence insurance underwriting association member shall report at times designated by the superintendent of insurance the amounts of mine subsidence insurance premiums...
• Section 3929.61 - No Right Of Recourse Except For Fraud.
  Except in case of fraud by the company, the Ohio mine subsidence insurance underwriting association shall have no right of recourse against the company....
• Section 3929.62 - Definitions.
  As used in sections 3929.62 to 3929.70 of the Revised Code and any rules adopted pursuant to those sections: (A) "Applicant" means any licensed...
• Section 3929.63 - Creating Medical Liability Underwriting Association.
  (A) A medical liability underwriting association for medical liability insurance may be created for one or more classes of insurance by rule of the...
• Section 3929.631 - Stabilization Reserve Fund.
  (A) In the event the superintendent of insurance creates the medical liability underwriting association under section 3929.63 of the Revised Code or reactivates the...
• Section 3929.632 - Dissolution Or Suspension.
  (A) The medical liability underwriting association created under section 3929.63 of the Revised Code may be dissolved, or its operations may be suspended, by...
• Section 3929.64 - Board Of Governors.
  (A) (1) A board of governors consisting of nine members shall govern the medical liability underwriting association. The members shall be appointed by the...
• Section 3929.65 - Proposing Plan Of Operation.
  (A) (1) Within forty-five days after the creation or a reactivation of the medical liability underwriting association, the board of governors of the medical...
• Section 3929.66 - Application For Medical Liability Insurance.
  (A) Any applicant practicing or operating in this state seeking to purchase medical liability insurance being offered by the medical liability underwriting association, on...
• Section 3929.661 - Option Of Being Liable As A Co-insurer.
  The medical liability underwriting association may offer policyholders the option of being liable as a co-insurer on sums paid out by way of settlement...
• Section 3929.67 - Reasons For Cancellation.
  (A) A medical liability insurance policy that insures a physician or podiatrist, written by or on behalf of the medical liability underwriting association pursuant...
• Section 3929.68 - No Liability.
  (A) There shall be no liability imposed on the part of, and no cause of action of any nature arises against, the medical liability...
• Section 3929.681 - Appeals.
  Any insurer or other person aggrieved by any action or decision of the medical liability underwriting association may appeal to the board of governors....
• Section 3929.682 - Medical Liability Fund.
  A medical liability fund is hereby created in the state treasury. The medical liability fund shall be used for the purposes of funding the...
• Section 3929.69 - Filing Statement Of Transactions And Affairs.
  (A) Annually on or before the first day of March, the medical liability underwriting association and the stabilization reserve fund shall file in the...
• Section 3929.70 - Exemption From Fees And Taxes.
  The medical liability underwriting association and the stabilization reserve fund are exempt from all license fees, and income, franchise, premium, and privilege taxes levied...
• Section 3929.71 To 3929.73 - [Repealed].
  Effective Date: 12-30-2004
• Section 3929.74 - [Repealed].
  Effective Date: 06-29-1991
• Section 3929.75 To 3929.84 - [Repealed].
  Effective Date: 12-30-2004
• Section 3929.85 - Limits On Assessments By Associations.
  No insurer licensed to carry on the business of insurance in this state that is required by law to contribute to or participate in,...
• Section 3929.86 - Fire Loss Claims.
  (A) No insurance company doing business in this state shall pay a claim of a named insured for fire damage to a structure located...
• Section 3929.87 - Determination As To Whether Loss Caused By Arson.
  Within ninety days of the occurrence of a fire loss in excess of five thousand dollars to real or personal property, the fire marshal...

Last modified: October 10, 2016