Ohio Revised Code Chapter 3960 - Risk Retention

• Section 3960.01 - Risk Retention Definitions.
  As used in sections 3960.01 to 3960.13 of the Revised Code: (A) "Completed operations liability" means liability arising out of the installation, maintenance, or...
• Section 3960.02 - Requirements For Transacting Business.
  (A) No risk retention group organized under the laws of this state shall transact business in this state unless both of the following apply:...
• Section 3960.03 - Requirements For Foreign Risk Retention Groups.
  All of the following apply to risk retention groups chartered and licensed in states other than this state, that seek to do business as...
• Section 3960.04 - Notices On Application Forms And Policies.
  (A) (1) Every application form for insurance from a risk retention group and every policy or certificate of insurance issued by a risk retention...
• Section 3960.05 - No Coverage By Ohio Insurance Guaranty Association Or Similar Mechanism.
  (A) Sections 3955.01 to 3955.19 of the Revised Code do not apply to risk retention groups. No risk retention group shall be required or...
• Section 3960.06 - Applicability Of Laws To Purchasing Group.
  (A) A purchasing group and its insurer or insurers are subject to all applicable laws of this state, except that a purchasing group and...
• Section 3960.07 - Requirements Of Purchasing Group For Transacting Business.
  (A) No purchasing group shall conduct business in this state unless it has done both of the following: (1) Issued a notice to the...
• Section 3960.08 - Restricting Purchases Of Insurance.
  (A) No purchasing group shall purchase insurance from a risk retention group that is not chartered, or from an insurer that is not admitted...
• Section 3960.09 - Premium Taxes Or Taxes On Premiums Paid For Coverage Of Risks.
  Premium taxes or taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members...
• Section 3960.10 - Authority And Powers Of Superintendent Of Insurance.
  (A) The superintendent of insurance may exercise any powers to enforce the insurance laws of this state applicable to risk retention groups and purchasing...
• Section 3960.11 - Soliciting, Negotiating, Or Procuring Liability Insurance Restricted To Licensed Agents And Brokers.
  (A) No person shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state from a risk retention...
• Section 3960.12 - Adoption Of Rules For Enforcement.
  The superintendent of insurance may adopt any rules necessary or desirable for the enforcement of sections 3960.01 to 3960.13 of the Revised Code. Effective...
• Section 3960.13 - Enforcement Powers Of Superintendent Of Insurance.
  The superintendent of insurance, after notice and an opportunity for hearing under Chapter 119. of the Revised Code, may do all of the following:...

Last modified: October 10, 2016