Ohio Administrative Code Search

...provisions of individual and group life insurance policies and to provide required standards of disclosure. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041 and 3915.24 of the Revised Code. (C) Scope This rule shall apply to all accelerated death benefit provisions of individual and group life insurance policies issued or del...

...lement existing regulations on life insurance policies in order to accommodate the development and issuance of universal life insurance plans. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3903.72 to 3903.7211, 3915.05, 3915.07 to 3915.073, 3915.09, 3915.14, and 3921.16 of the Revised Code. (C) Scope This rule applies to ...

...lement existing regulations on life insurance policies in order to accommodate the development and issuance of universal life insurance plans. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3903.72 to 3903.7211, 3915.05, 3915.07 to 3915.073, 3915.09, 3915.14, and 3921.16 of the Revised Code. (C) Scope This rule applies to ...

...mium and flexible premium variable life insurance policies. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under section 3901.041 of the Revised Code. (C) Definitions (1) "Affiliate of an insurer" means any person, directly or indirectly, controlling, controlled by, or under common control with such insurer; any person who regularly furnishes investment advice to suc...

...mium and flexible premium variable life insurance policies. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under section 3901.041 of the Revised Code. (C) Definitions (1) "Affiliate of an insurer" means any person, directly or indirectly, controlling, controlled by, or under common control with such insurer; any person who regularly furnishes investment advice to suc...

...lity This rule shall apply to all life insurance policies, with or without nonforfeiture values, issued on or after January 1, 2000, subject to the following exceptions and conditions. (1) Exceptions (a) This rule shall not apply to any individual life insurance policy issued on or after January 1, 2000 if the policy is issued in accordance with and as a result of the exercise of a reentry provisio...

...lity This rule shall apply to all life insurance policies, with or without nonforfeiture values, issued on or after January 1, 2000, subject to the following exceptions and conditions. (1) Exceptions (a) This rule does not apply to any individual life insurance policy issued on or after January 1, 2000 if the policy is issued in accordance with and as a result of the exercise of a reentry provision...

...nonforfeiture benefits for plans of insurance with separate premium rates for smokers and nonsmokers. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under section 3901.041 of the Revised Code. (C) Definitions (1) "Commissioners 1980 standard ordinary mortality tables (1980 "CSO"), with or without ten-year select mortality factors" means those tabl...

...nonforfeiture benefits for plans of insurance with separate premium rates for smokers and nonsmokers. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under section 3901.041 of the Revised Code. (C) Definitions (1) "Commissioners 1980 standard ordinary mortality tables (1980 "CSO"), with or without ten-year select mortality factors" means those tabl...

...ised Code by permitting individual life insurance policies to provide the same cash surrender values and paid-up nonforfeiture benefits to both men and women. No change in minimum valuation standards is implied by this rule. (C) Definitions (1) "Commissioners 1980 standard ordinary mortality tables" or "1980 CSO" "with or without ten-year select mortality factors" means those tables consisting o...

...ised Code by permitting individual life insurance policies to provide the same cash surrender values and paid-up nonforfeiture benefits to both men and women. No change in minimum valuation standards is implied by this rule. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under section 3901.041 of the Revised Code. (C) Definitions (1) "Commissioners 1980 standard ordi...

...inistrative Code (valuation of life insurance policies). (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3903.723, and 3915.071 of the Revised Code. (C) Definitions (1) "2001 CSO mortality table" means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the American academ...

...f the Administrative Code (valuation of insurance policies). (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3903.723 and 3915.071 of the Revised Code. (C) Definitions (1) "2001 CSO mortality table" means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the American academy of actuaries CS...

... purpose of this rule is to require insurance agents, as defined in this rule, to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers, including fraternal benefit societies, to establish and maintain a system to supervise recommendations so that the insurance needs and financial objectives of consumers, at the time of the transaction, are ...

...e-tax or after-tax basis, and where the insurance company has been notified that plan participants may choose from among two or more fixed annuity providers and there is a direct solicitation of an individual employee by a agent for the purchase of an annuity contract. As used in this paragraph, direct solicitation shall not include any meeting held by an agent solely for the purpose of educating or enrolling employe...

...e-tax or after-tax basis, and where the insurance company has been notified that plan participants may choose from among two or more fixed annuity providers and there is a direct solicitation of an individual employee by an agent for the purchase of an annuity contract. As used in this paragraph, direct solicitation does not include any meeting held by an agent solely for the purpose of educating or enrolling employe...

...is rule is to establish for preneed insurance products minimum mortality standards for reserves and nonforfeiture values, and to require the use of the "1980 Commissioners Standard Ordinary (CSO) Life Valuation Mortality Table" for use in determining the minimum standard of valuation of reserves and the minimum standard nonforfeiture values for preneed insurance products. (B) Authority This rule...

...is rule is to establish for preneed insurance products minimum mortality standards for reserves and nonforfeiture values, and to require the use of the "1980 Commissioners Standard Ordinary (CSO) Life Valuation Mortality Table" for use in determining the minimum standard of valuation of reserves and the minimum standard nonforfeiture values for preneed insurance products. (B) Authority This rule...

... the annual independent review of title insurance agents' escrow, settlement, closing, and security deposit depository institution accounts. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041 and 3953.33 of the Revised Code. (C) Definitions As used in this rule: (1) "Agent" means either an individual title insurance agent or a business entity tit...

...ions coverage to be maintained by title insurance agents or agencies under conditions specified in section 3953.23 of the Revised Code. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041 and 3953.23 of the Revised Code. (C) Surety bond All title insurance agents or agencies that handle escrows in real property transactions not involving the issuan...

...e to be provided to mortgagors by title insurance agents concerning title insurance coverage under conditions specified in section 3953.30 of the Revised Code. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041 and 3953.30 of the Revised Code. (C) Notice A title insurance agent issuing a lender's title insurance policy in conjunction with a reside...

...rship and licensing standards for title insurance agents and agencies in accordance with division (B) of section 3953.21 of the Revised Code, which prohibits certain persons from acting as agents for a title insurance company. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under section 3901.041 of the Revised Code. (C) Definitions As used in this...

...rship and licensing standards for title insurance agents and agencies in accordance with division (B) of section 3953.21 of the Revised Code, which prohibits certain persons from acting as agents for a title insurance company. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under section 3901.041 of the Revised Code. (C) Definitions As used in this...

...e, providing that the superintendent of insurance shall adopt, amend and rescind rules and make adjudications necessary to discharge his duties and exercise his powers under Title 39 of the Revised Code; and section 3902.14 of the Revised Code, providing that the superintendent may adopt rules to carry out the purposes of sections 3902.11 to 3902.14 of the Revised Code. (C) Definitions As used i...

...ny health care expense, including coinsurance or co-payments and without reduction for any applicable deductible, that is covered in full or in part by any of the plans covering the person. (b) If a plan is advised by the covered person that all plans covering the person are high-deductible health plans and the person intends to contribute to a health savings account established in accordance wit...