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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Section 3955.11 - [Repealed].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