Ohio Revised Code Chapter 3955 - Property And Casualty Insurance Guaranty Association

• Section 3955.01 - Property And Casualty Insurance Guaranty Association Definitions.
  As used in sections 3955.01 to 3955.19 of the Revised Code: (A) "Account" means either of the two accounts created by division (B) of...
• Section 3955.02 - Citing Act.
  Sections 3955.01 to 3955.19 of the Revised Code may be cited as the Ohio insurance guaranty association act. Effective Date: 10-26-1989
• Section 3955.03 - Purposes Of Chapter.
  The purposes of sections 3955.01 to 3955.19 of the Revised Code are to provide a mechanism for the payment of covered claims under certain...
• Section 3955.04 - Liberal Construction Of Chapter.
  Sections 3955.01 to 3955.19 of the Revised Code shall be liberally construed to effect the purpose stated under section 3955.03 of the Revised Code,...
• Section 3955.05 - Nonapplicability To Certain Kinds Of Insurance.
  Sections 3955.01 to 3955.19 of the Revised Code apply to all kinds of direct insurance, except: (A) Title insurance; (B) Fidelity or surety bonds,...
• Section 3955.06 - Ohio Insurance Guaranty Association.
  (A) There is hereby created an unincorporated nonprofit association to be known as the Ohio insurance guaranty association. All member insurers, as defined in...
• Section 3955.07 - Board Of Directors.
  (A) The board of directors of the Ohio insurance guaranty association shall consist of not less than five nor more than nine persons serving...
• Section 3955.08 - Association Powers And Duties.
  (A) The Ohio insurance guaranty association shall: (1) Be obligated to the extent of the covered claims existing prior to the determination that an...
• Section 3955.09 - Plan Of Operation And Amendments.
  (A) The Ohio insurance guaranty association shall submit to the superintendent of insurance a plan of operation and any amendments to the plan necessary...
• Section 3955.10 - Superintendent Of Insurance - Powers And Duties.
  (A) The superintendent of insurance shall: (1) Immediately furnish to the association a copy of any complaint filed by the superintendent in any court...
• Section 3955.11 - [Repealed].
  Effective Date: 05-21-1976
• Section 3955.12 - Subrogation Of Association - Recovery Against Insolvent Insurers.
  (A) The Ohio insurance guaranty association shall be subrogated to the rights of any person recovering under sections 3955.01 to 3955.19 of the Revised...
• Section 3955.13 - Exhausting Rights Under Other Policy.
  (A) Any person having a covered claim upon which recovery is also presently possible under an insurance policy written by another insurer shall be...
• Section 3955.14 - Aiding Detection And Prevention Of Insurer Insolvencies.
  To aid in the detection and prevention of insurer insolvencies: (A) The board of directors of the Ohio insurance guaranty association, upon a majority...
• Section 3955.15 - Examination And Regulation By Superintendent - Annual Financial Report.
  The Ohio insurance guaranty association is subject to examination and regulation by the superintendent of insurance. The association shall submit in a form approved...
• Section 3955.16 - Exemption From Fees And Taxation.
  The Ohio insurance guaranty association is exempt from payment of all fees and taxes levied by this state or any of its subdivisions. Effective...
• Section 3955.17 - Rates - Factors And Calculation.
  (A) A rate shall not be found excessive under section 3935.03 or 3937.02 of the Revised Code solely because it contains a factor designed...
• Section 3955.18 - Immunity.
  There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer, the...
• Section 3955.19 - Staying Pending Proceedings Involving Insolvent Insurers.
  To permit a proper defense by the Ohio insurance guaranty association of all pending causes of action, all proceedings in which an insolvent insurer...
• Section 3955.20 - [Repealed].
  Effective Date: 10-26-1989
• Section 3955.21 - [Repealed].
  Effective Date: 08-08-1991

Last modified: October 10, 2016