Ohio Revised Code Search
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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... |
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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. |
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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. |
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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... |
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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. |
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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. |
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Section 3925.10 | Liability of directors.
...estment or loan shall be personally liable to the stockholders for any loss occasioned thereby. |
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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. |
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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... |
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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... |
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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. |
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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. |
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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. |
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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. |
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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... |
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Section 3925.18 | Scrip dividends.
...for payment of losses and expenses nor set apart for any purpose required by law. |
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Section 3925.19 | Accumulation of permanent fund.
...nt fund, by reserving a portion of its net profits, to be invested and be a reserve for the security of the insured. Such permanent fund in the sum determined by the board of directors shall be separate from such surplus as may be accumulated in the discretion of the company or its board of directors. The permanent fund accumulated shall be used for the payment of losses and expenses, whenever the cash funds of the c... |
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Section 3925.20 | Authorized real estate holdings.
...e time more than ten per cent of its assets invested in real estate under this section. An insurer shall not have at any one time more than two per cent of its assets invested in any one real estate investment except with the prior approval of the superintendent of insurance. No investment in real estate to be used primarily for recreational, agricultural, or mining purposes shall be made under authority of this sect... |
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Section 3925.21 | Disposal of real estate.
...estate is acquired, unless the company determines to hold the real estate as an investment subject to the limits of individual and aggregate holdings under section 3925.20 of the Revised Code or unless the company procures a certificate from the superintendent of insurance that its interests will suffer materially by a forced sale of the real estate. The sale then may be postponed for such period as the superintenden... |
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Section 3925.22 | Restriction against debts.
...the period when an assessment may be collected and applied to the payment thereof, and no member of such a company shall be assessed for liabilities incurred prior to his membership. |
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Section 3925.23 | Enforcement of assessments.
...member of a mutual insurance company neglects for thirty days after the publication of notice by the directors, and after demand for payment, to pay the sum assessed upon him as his proportion of any loss, the directors may sue for and recover the whole amount of contingent liability, with costs of the suit. Execution shall only issue for assessments and costs as they accrue, and every such execution must be accompa... |
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Section 3925.24 | Proof of assessments and notice.
...icial statement of its president or secretary, under seal and sworn to, shall be received in court as evidence of the facts essential for making it, and as evidence that the assessment for which an action is commenced was duly levied, and notice thereof given. |
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Section 3925.25 | Accident companies authorized.
...ntal personal injury or loss of life while they are traveling by railroad, steamboat, or other mode of conveyance; (B) Making every insurance connected with accidental loss of life, or with personal injury caused by accident of any description; (C) Insuring against expenses and loss of time occasioned by sickness or other disability, on such terms and conditions, for such periods of time, and confined to such count... |
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Section 3925.26 | Deposit by accident companies.
...rities for other like securities, in whole or in part, as far as its business requires, and it may wholly withdraw them if it discontinues business in such other state. |
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Section 3925.27 | Consolidation.
...er which corporate organization or articles of association of the consolidating companies, and under what name, their future business shall be conducted. |