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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3906.09 | Payment in different currencies.

Ohio Revised Code
/
Title 39 Insurance
/
Chapter 3906 Alternate Investment Law
 
Effective:
September 4, 2014
Latest Legislation:
Senate Bill 140 - 130th General Assembly
PDF:
Download Authenticated PDF
 

An insurer investing under this chapter that is doing business that requires the insurer to make payment in different currencies shall have investments in securities in each of these currencies in an amount that, independent of all other investments, meets the requirements of this chapter, as applied separately to the insurer's obligations in each currency. The superintendent may, by order, exempt an insurer, or, by rule, a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial solidity would be created by substantial fluctuations in relative currency values.

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