Ohio Administrative Code Search

...d requirements for the certification of insurance navigators as recognized by the department as both an individual and business entity, and the requirements for agents who sell health coverage on the exchange. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3905.12, 3905.47 to 3905.473 of the Revised Code. (C) Insurance navigato...

...ods of transacting the business of life insurance and by establishing certain requirements pertaining to solicitation and sale of life insurance and annuity contracts. (B) Applicability This rule applies to all soliciting, marketing, and selling of all life insurance and annuity products solicited, marketed, or sold in this state. (C) Prohibition of misleading policies In reviewing policies for approval or disap...

...o the solicitation and sale of life insurance and annuity contracts. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3901.21, and 3901.212 of the Revised Code. (C) Applicability This rule applies to all life insurance and annuity products solicited, marketed, or sold in this state. (D) Prohibition of misleading policies In re...

...rule is issued by the superintendent of insurance pursuant to section 3901.041 of the Revised Code, which empowers the superintendent "... to adopt, amend and rescind rules and to make adjudications necessary to discharge his duties and exercise his powers ..." under various sections of the Revised Code, subject to sections 119.01 to 119.13 of the Revised Code. This rule implements sections 3901.21, 3901.99, 3905.02,...

...rvice, or collect premiums for life insurance which is sold as part of a mutual fund or other security. (B) Authority This rule is promulgated pursuant to the authority invested in the superintendent under sections 3901.041, 3901.21, and 3901.212 of the Revised Code. (C) Applicability This rule applies to: (1) Acts and practices in the advertising promotion, solicitation, negotiation of, or e...

...surers to deliver to purchasers of life insurance information which will improve the buyer's ability to select the most appropriate plan of life insurance for the buyer's needs, improve the buyer's understanding of the basic features of the policy which has been purchased or which is under consideration and improve the ability of the buyer to evaluate the relative costs of similar plans of life in...

...urers to deliver information about life insurance policies that will better allow those consumers to select the most appropriate policy for their needs, improve their understanding of the policy's basic features, and improve the consumer's ability to evaluate the relative costs of different policies. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent un...

...s rule is to provide rules for life insurance policy illustrations that will protect consumers and foster consumer education. The rule provides illustration formats, prescribes standards to be followed when illustrations are used, and specifies the disclosures that are required in connection with illustrations. The goals of this rule are to ensure that illustrations do not mislead purchasers of li...

...s rule is to provide rules for life insurance policy illustrations that will protect consumers and foster consumer education. The rule provides illustration formats, prescribes standards to be followed when illustrations are used, and specifies the disclosures that are required in connection with illustrations. The goals of this rule are to ensure that illustrations do not mislead purchasers of li...

...ect to the replacement of existing life insurance and annuities. (2) Protect the interests of life insurance and annuity purchases by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions. It will: (a) Assure that purchasers receive information with which a decision can be made in his or her own best interest; (b) Reduce the opportunity for misrepresentation and ...

...to the replacement of existing life insurance and annuities. (2) Protect the interests of life insurance and annuity purchases by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions. It will: (a) Assure that purchasers receive information with which a decision can be made in the purchaser's own best interest; (b) Reduce the opportunity for m...

...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...

...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...