Ohio Administrative Code Search

...(A) Purpose The purpose of this rule is to regulate accelerated death benefit 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 b...

...(A) Purpose The purpose of this rule is to regulate accelerated death benefit 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 b...

...(A) Purpose The purpose of this rule is to supplement 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 ...

...(A) Purpose The purpose of this rule is to supplement 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 ...

...(A) Purpose The purpose of this rule is to amplify sections 3907.15 and 3911.01 of the Revised Code to provide for the regulation of fixed premium 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...

...(A) Purpose The purpose of this rule is to amplify sections 3907.15 and 3911.01 of the Revised Code to provide for the regulation of fixed premium 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...

...(A) Purpose (1) The purpose of this rule is to provide: (a) Tables of select mortality factors and rules for their use; (b) Rules concerning a minimum standard for the valuation of plans with non-level premiums or benefits; and (c) Rules concerning a minimum standard for the valuation of plans with secondary guarantees. (2) The method for calculating basic reserves defined in this rule will c...

...(A) Purpose (1) The purpose of this rule is to provide: (a) Tables of select mortality factors and rules for their use; (b) Rules concerning a minimum standard for the valuation of plans with non-level premiums or benefits; and (c) Rules concerning a minimum standard for the valuation of plans with secondary guarantees. (2) The method for calculating basic reserves defined in this rule will c...

...(A) Purpose The purpose of this rule is to implement sections 3915.07, 3915.071, and 3903.72 of the Revised Code by permitting the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits for plans of insurance with separate premium rates f...

...(A) Purpose The purpose of this rule is to implement sections 3915.07, 3915.071, and 3903.72 of the Revised Code by permitting the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits for plans of insurance with separate premium rates f...

...(A) Authority This rule is issued pursuant to section 3901.041 of the Revised Code. (B) Purpose The purpose of this rule is to implement section 3915.071 of the Revised 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) Def...

...(A) Purpose The purpose of this rule is to implement section 3915.071 of the Revised 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...

...(A) Purpose The purpose of this rule is to recognize, permit and prescribe the use of the 2001 commissioners standard ordinary (CSO) mortality table in accordance with sections 3903.723 and 3915.071 of the Revised Code and rule 3901-6-10 of the Administrative Code (valuation of life insurance policies). (B) Authority This rule is promulgated pursuant to the authority vested in the superintenden...

...(A) Purpose The purpose of this rule is to provide authorized companies an alternative to rule 3901-6-11 of the Administrative Code, by recognizing, permitting and prescribing the use of mortality tables that reflect differences in mortality between preferred and standard lives in determining minimum reserve liabilities in accordance with sections 3903.723 and 3915.071 of the Revised Code and rule 3901-6-10 of the A...

...(A) Purpose (1) The 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 ...

...(A) Purpose The purpose of this rule is to provide standards for the disclosure of certain minimum information about annuity contracts to protect consumers and foster consumer education. The rule specifies the minimum information that must be disclosed, the method for disclosing it and the use and content of illustrations, if used, in connection with the sale of annuity contracts. The goal of this rule is to ensure ...

...(A) Purpose The purpose of this rule is to provide standards for the disclosure of certain minimum information about annuity contracts to protect consumers and foster consumer education. The rule specifies the minimum information to be disclosed, the method for disclosing it and the use and content of illustrations, if used, in connection with the sale of annuity contracts. The goal of this rule is to ensure that pu...

...(A) Purpose The purpose of this 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 produ...

...(A) Purpose The purpose of this 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 produ...

...(A) Purpose The purpose of this rule is to establish ownership 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....

...(A) Purpose The purpose of this rule is to establish ownership 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....

...(A) Purpose The purpose of this rule is to: (1) Permit plans to include a coordination of benefits "(COB)" provision; (2) Provide the authority for the orderly transfer of information needed to pay claims promptly; (3) Eliminate duplication of benefits by permitting a plan to reduce benefits paid when, pursuant to this rule, it is not required to pay its benefits first; (4) Reduce claim payme...

...(A) Purpose The purpose of this rule is to: (1) Permit plans to include a coordination of benefits "(COB)" provision; (2) Provide the authority for the orderly transfer of information needed to pay claims promptly; (3) Eliminate duplication of benefits by permitting a plan to reduce benefits paid when, pursuant to this rule, it is not required to pay its benefits first; (4) Reduce claim payme...

...(A) Purpose The purpose of this rule is to standardize the forms used in the billing and reimbursement of health care, reduce the number of forms utilized, increase efficiency in the reimbursement of health care through standardization and encourage the use of electronic data interchange of health care expenses and reimbursement. (B) Authority This rule is promulgated pursuant to the authority ...

...(A) Purpose The purpose of this rule is to govern the accreditation and operation of independent review organizations. (B) Authority This rule is issued pursuant to the authority vested in the superintendent under sections 3901.041, 3901.19 to 3901.26 and 3922.22 of the Revised Code. (C) Applicability and scope Except as otherwise provided, this rule shall apply to: (1) Health plan issuers a...