Ohio Administrative Code Search

... any options, warrants or rights to purchase any securities, other than warrants or rights issued to security holders as such, on a pro rata basis. If the solicitation is made on behalf of persons other than the issuer, the information required need be furnished only as to nominees of the person making the solicitation and associates of such nominees. (2) Current remuneration. Furnish the inf...

...respect to all securities of the issuer purchased or sold within the past two years, the dates on which they were purchased or sold and the amount purchased or sold on each such date. (4) If any part of the purchase price or market value of any of the securities specified in paragraph (C) of this rule is represented by funds borrowed or otherwise obtained for the purpose of acquiring or holding such securities, so s...

... last two fiscal years. Item 9. Recent purchases of voting securities Describe any purchases of any voting securities of the insurer by the applicant, its affiliates or any person listed in item 3 during the twelve calendar months preceding the filing of this statement. Include in the description the dates of purchase, the names of the purchasers, and the consideration paid or agreed to be paid therefore. State whe...

... last two fiscal years. Item 9. Recent purchases of voting securities Describe any purchases of any voting securities of the insurer by the applicant, its affiliates or any person listed in item 3 during the twelve calendar months preceding the filing of this statement. Include in the description the dates of purchase, the names of the purchasers, and the consideration paid or agreed to be paid therefore. State whe...

...ate of the transaction. Item 3. Sales, purchases, exchanges, loans, extensions of credit, guarantees or investments If notice is being given under division (A)(1) of section 3901.341 of the Revised Code, furnish a brief description of the amount and source of funds, securities, property or other consideration for the sale, purchase, exchange of assets, loan, extension of credit, guarantee, or investment. If any sec...

...ate of the transaction. Item 3. Sales, purchases, exchanges, loans, extensions of credit, guarantees or investments If notice is being given under division (A)(1) of section 3901.341 of the Revised Code, furnish a brief description of the amount and source of funds, securities, property or other consideration for the sale, purchase, exchange of assets, loan, extension of credit, guarantee, or investment. If any sec...

...been covered under the policy. (b) The purchase of additional coverage shall not be considered a premium rate increase, but for purposes of the calculation required under paragraph (AA) of this rule, the portion of the premium attributable to the additional coverage shall be added to and considered part of the initial annual premium. (c) A reduction in benefits shall not be considered a premium change, but for purp...

...if the insured would be required to purchase additional benefits to qualify for the state long-term care partnership program and the insured is not eligible to purchase the additional benefits under the insurer's new business, long-term care, underwriting guidelines. (4) If the new policy has an actuarial value of benefits equal to or lesser than the actuarial value of benefits of the existin...

...if the insured would be required to purchase additional benefits to qualify for the state long-term care partnership program and the insured is not eligible to purchase the additional benefits under the insurer's new business, long-term care, underwriting guidelines. (4) If the new policy has an actuarial value of benefits equal to or lesser than the actuarial value of benefits of the existin...

...lacement of rental car insurance or the purchase of rental car insurance unless that person is licensed as an insurance agent pursuant to Chapter 3905. of the Revised Code or there has been compliance with the requirements of this rule. (2) The superintendent may issue to a rental car company that has complied with the requirements of this rule, a limited authority license that authorizes the rental car company to a...

...ing, solicitation, negotiation, sale or purchase of, or advice made in connection with, life or health insurance, or an annuity product. (B) Authority This rule is adopted pursuant to the superintendent's authority under sections 3901.041, 3901.19 to 3901.26, and 3905.14 of the Revised Code. (C) Application and scope This rule shall apply to any marketing, solicitation, negotiation, or sale or purchase of, or adv...

... (v) Eligibility requirements to purchase qualified health plans; (vi) Means of appeal and dispute resolution; (vii) Conflict of interest and impartiality; (viii) Exchange privacy policies and requirements; (ix) Individual eligibility requirements for medicaid; (x) Advanced premium tax credits and cost sharing reductions; (xi) Publicly funded health care (children's health insuran...

... (v) Eligibility requirements to purchase qualified health plans; (vi) Means of appeal and dispute resolution; (vii) Conflict of interest and impartiality; (viii) Exchange privacy policies and requirements; (ix) Individual eligibility requirements for medicaid; (x) Advanced premium tax credits and cost sharing reductions; (xi) Publicly funded health care (children's health insurance pro...

...iting or orally, in order to induce the purchase of any policy, shall within this state: (1) Make any statement or use any sales or advertising material in connection with any policy which provides a pure guaranteed annual endowment unless the gross premium and the amount of such benefit shall be shown separately and distinctly from the gross premium for and the amount of the life insurance benefit on the same page ...

...y; (b) Contracts which contemplate the purchase of a life insurance policy in correlation with the sale of shares of a mutual fund or other security; (2) To any acts and practices, whether they involve the use of language disseminated by means of sales kits, policy jackets or covers, letters, personal presentations, visual aids and other sales media in connection with the solicitation, sale, servicing or collection...

...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 incomplete disclosure; and (c) Establish penalties for failure to comply with req...

...ations shall be made to an applicant to purchase a variable life insurance policy and that no variable life insurance policy shall be issued in the absence of reasonable grounds to believe that the purchase of such policy is not unsuitable for such applicant on the basis of information furnished after reasonable inquiry of such applicant concerning the applicant's insurance and investment objectives, financial situat...

...ode, provided the consideration paid to purchase, exchange or replace the annuity is reasonable related to the price of the pre-need funeral contract, and a pre-need funeral contract is in place at the time the annuity is purchased, exchanged or replaced. (E) Definitions (1) "Annuity" means an annuity that is an insurance product under state law that is individually solicited, whether the produc...

...The goal of this rule is to ensure that purchasers of annuity contracts understand certain basic features of annuity contracts. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041 and 3901.19 to 3901.21 of the Revised Code. (C) Applicability and scope This rule applies to all group and individual annuity contracts and certificates except: (1) Imme...

...ent or third party funds related to any purchase or sale of real property, or any finance or refinance secured by a mortgage on real property. (D) Each agent shall file, pursuant to paragraph (I) of this rule, either an independent annual review or an annual review claim of exemption on a form prescribed by the superintendent on or before January fifteenth for the preceding twelve month period ending August thirty-f...

...tgage loan made simultaneously with the purchase of all or part of the real property securing the loan, where no owner's title insurance policy has been requested, shall provide the notice set forth in the appendix to this rule to the mortgagor at the time the commitment is prepared. (D) Notice to be maintained The title insurance agent required to provide the notice described in this rule shall maintain a copy of ...

...earranged limited beyond which they purchase insurance coverage to protect the plan against unpredictable or catastrophic losses. (9) Other terms used herein shall have the same meanings prescribed in section 3959.01 of the Revised Code. (D) Standards for licensing For the protection of the people of this state, the superintendent shall not issue, nor permit to exist, any third party admini...

...ing or confusing in connection with the purchase of such policies or with the settlement of claims; and to provide for full disclosures in the sale of sickness and accident insurance coverage to persons eligible for medicare. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3923.33 and 3923.331 to 3923.339 of the Revised Code....

...ing or confusing in connection with the purchase of such policies or with the settlement of claims; and to provide for full disclosures in the sale of sickness and accident insurance coverage to persons eligible for medicare. (B) Authority This rule is promulgated pursuant to the authority vested in the superintendent under sections 3901.041, 3923.33 and 3923.331 to 3923.339 of the Revised Code....

...person has the option, if he or she purchases a medicare supplemental insurance policy, of paying his or her premium(s) directly to the insurance company. (6) Any inaccurate or misleading description of the benefits provided by either the medicare program or the medicare supplemental policy being offered for sale. (7) Any attempt by an insurance company or agent to arrange a solicitation or sale...