Ohio Revised Code Search
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Section 3921.34 | Application of deceptive act or practice prohibitions.
...to apply to every fraternal benefit society authorized to do business in this state. However, nothing in any of those sections or provisions shall be construed as applying to or otherwise affecting either the right of any society to determine its eligibility requirements for membership or the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation or ... |
Section 3921.35 | Service of process upon agent.
...section into the state treasury to the credit of the department of insurance operating fund. |
Section 3921.36 | False or misleading statements.
... condition of any fraternal benefit society; (2) Any false or misleading estimate or statement concerning the dividends or shares of surplus paid or to be paid by any society on any insurance contract; (3) Any incomplete comparison of an insurance contract of one society with an insurance contract of another society or insurer for the purpose of inducing the lapse, forfeiture, or surrender of any insurance contract... |
Section 3921.37 | Exceptions to chapter.
...ciations of a purely religious, charitable, or benevolent description, that provide for a death benefit of not more than four hundred dollars or for disability benefits of not more than three hundred fifty dollars to any one person in any one year, or both. (B) No society that, pursuant to division (A) of this section, is exempt from the requirements of this chapter, except any society described in division (A)(2) o... |
Section 3921.38 | Review of superintendent's decisions and findings.
... proper proceedings in any court of competent jurisdiction in this state. |
Section 3921.99 | Penalty.
... for and recovered by any person or society aggrieved for the person's or society's own use and benefit in accordance with the provisions of civil practice. (B) Whoever violates division (B) of section 3921.36 of the Revised Code shall be fined not less than fifty nor more than two hundred dollars. (C) Whoever violates division (C) of section 3921.36 of the Revised Code shall be fined not more than two hundred doll... |
Section 3925.01 | Approval and recording of articles.
...companies, and a copy thereof to be deposited with the superintendent of insurance. He shall withhold from the company the certificate of authority if its name is so similar to that of any other company as to mislead the public. |
Section 3925.02 | Subscription to stock.
...tion of stock in the company, at such times and places as they deem proper, and shall keep the books open until the full amount specified in the articles is subscribed. |
Section 3925.03 | Election of directors and officers.
...nsurance company are filed with the secretary of state, a majority of subscribers to the voting stock shall hold a meeting for the election of not less than five nor more than twenty-one directors. The number of directors may be increased or diminished between the same limits by amendment of the code of regulations or bylaws, if the number of directors is included in the code of regulations or bylaws of the company,... |
Section 3925.04 | Other officers - bylaws and regulations.
...nsactions, which shall be open at all times to the inspection of the members or stockholders. |
Section 3925.05 | Investment of capital.
...an amount not less than the difference between half the value of such land exclusive of structures and the amount loaned, and the policy must be assigned to the mortgagee; (2) Bonds or notes secured by mortgages insured by the federal housing administrator or the secretary of agriculture of the United States under Title I of "The Bankhead-Jones Farm Tenant Act" as amended; (E) The stock of a national bank located i... |
Section 3925.06 | Additional investments.
... 360, 12 U.S.C.A. 641 and amendment thereto; any debentures issued by or for banks for cooperatives under the act of congress known as the "Farm Credit Act of 1933," 48 Stat. 257, 12 U.S.C.A. 131 and amendments thereto; (B) Notes, bonds, debentures, and other such obligations issued by the federal housing administrator; (C) Bonds issued under the "Home Owners' Loan Act of 1933," 48 Stat. 128, 12 U.S.C.A. 1461. |
Section 3925.07 | Deposit of securities.
...riculture of the United States under Title I of "The Bankhead-Jones Farm Tenant Act," 50 Stat. 522, 7 U.S.C.A. 1000 as amended; (D) Bonds issued under the "Home Owners' Loan Act of 1933," 48 Stat. 128, 12 U.S.C.A. 1461. |
Section 3925.08 | Investment of accumulated funds or surplus.
... for the purpose of receiving financial assistance from small business investment companies licensed under the "Small Business Investment Act of 1958," 72 Stat. 689, 15 U.S.C.A. 661, as amended, and rules of the small business administration. (b) "Venture capital firms" means any corporation, partnership, proprietorship, or other entity, the principal business of which is or will be the making of investments in... |
Section 3925.081 | Investing in mortgage related securities.
...wing securities, subject to any applicable limitations contained in rules adopted by the superintendent of insurance: (1) Securities offered and sold pursuant to 15 U.S.C.A. section 77d(5); (2) Mortgage related securities described in 15 U.S.C.A. section 78c(a)(41); (3) Securities issued or guaranteed by the federal home loan mortgage corporation or the federal national mortgage association. |
Section 3925.09 | Limitations on certain investments.
...be loaned or invested, must be at all times during the continuance of the loans at least twenty per cent more than the sum loaned thereon. |
Section 3925.10 | Liability of directors.
...estment or loan shall be personally liable to the stockholders for any loss occasioned thereby. |
Section 3925.101 | Regulation of foreign branches of domestic companies.
...he Revised Code shall not apply to a domestic insurance company that qualifies as a foreign country branch of a United States company that writes policies exclusively in countries other than the United States if those other countries have laws pertaining to insurance company investments and the foreign country branch is required to comply with those laws. |
Section 3925.11 | Examination of company - renewal of license.
...ent under oath. The signers of the articles of incorporation, or the officers of the company, shall also certify, under oath, that the capital exhibited is its bona fide property. Such certificates shall be filed in the office of the superintendent. Thereupon the company shall file with the superintendent a certified copy of its articles of incorporation and the approval of the attorney general, and a copy of its byl... |
Section 3925.12 | Capitalization requirements.
...r trust company into which shall be deposited all proceeds of any offer of its securities necessary to equal or exceed the applicable capital and surplus set forth in section 3929.011 of the Revised Code. The cost of registration, printing, promotion, and all other expenses incident to an offer of securities shall be paid from the initial escrow account of two hundred fifty thousand dollars capitalization established... |
Section 3925.13 | Annual cash premiums collectible in advance.
...ised Code, may thereafter charge and collect in advance upon their policies a full annual premium in cash, but such policies shall not compel subscribers, insured or assured, to renew a policy or to pay a second or further annual or term premium. |
Section 3925.14 | Mutual associations excepted.
....13 of the Revised Code are not applicable to associations which are organized as provided by law for the mutual protection of their members against loss by fire. |
Section 3925.15 | Transfers of stock.
...ance company by any shareholder, or his legal representative, subject to such reasonable restrictions as the directors of such company make in its bylaws. |
Section 3925.16 | Increase of capital stock.
... said directors shall file with the secretary of state a certificate setting forth the amount of the desired increase. Thereafter the company may have the increased amount of capital fixed by such certificate. The examination of securities composing the capital stock thus increased shall be made as provided by section 3925.11 of the Revised Code for capital stock originally paid in. |
Section 3925.17 | Restriction on dividends - liability of directors.
...verally to such corporation, and to the creditors thereof, to the full amount of any loss sustained by such corporation or by its creditors by reason of such dividend or distribution. A dividend made contrary to this section shall subject the company which makes it to a forfeiture of its charter, and each stockholder who receives such dividend to a liability to the creditors of the company to the extent of the divid... |