Ohio Revised Code Search

...ining the words "credit union" or represent themselves, in advertising or elsewhere, as conducting business as a credit union. (B) Subject to all of the following, a credit union may adopt one or more trade names: (1) The credit union shall give written notice of the proposed trade name to the superintendent of credit unions at least thirty days before using the trade name. (2) The superintendent may deny a credit...

... or other material in a way that may mislead another person, or cause another person to be misled, into believing that the person issuing the advertisement, solicitation, promotional, or other material is associated or affiliated with the credit union. (B)(1) Whoever violates division (A) of this section shall be subject to a civil penalty of up to ten thousand dollars for each day the violation is committed, repea...

...its directors and officers shall be chosen, in all respects in the same manner as provided in sections 1701.01 to 1701.99, inclusive, of the Revised Code, for corporations generally, insofar as such manner is not inconsistent with this chapter.

...proval of the superintendent of credit unions is required under this chapter, or under an order or supervisory action issued or taken under this chapter, for a person to serve as an organizer, incorporator, director, or executive officer of a credit union, or to otherwise participate in the management of a credit union, the superintendent shall request the superintendent of the bureau of criminal identificatio...

...and hold on deposit moneys under a preneed funeral contract or preneed cemetery merchandise and services contract.

...programming, or printing error. (B) A credit union or regulated individual shall not be held civilly liable in any action brought under this chapter or Chapter 1309., 1317., or 1345. of the Revised Code, and shall not be subject to any sanction by the superintendent of financial institutions, if all of the following conditions are met: (1) The credit union or individual shows by a preponderance of evidence that t...

...vised Code, or any order of the superintendent issued pursuant to this chapter, shall be guilty of a misdemeanor of the first degree. (B) Whoever violates division (C) of section 1733.327 of the Revised Code is guilty of a misdemeanor of the first degree. A person who is convicted of violating such division is also subject to disciplinary action, including dismissal or removal from office.

..., and the performance of contracts incident thereto; make loans for itself or as agent or trustee for others, and guarantee the collection of interest and principal of such loans; take charge of, and sell, mortgage, rent, or otherwise dispose of, real estate for others; and perform all the duties of an agent relative to property deeded or otherwise entrusted to it.

...tee and trust company shall do business until its capital stock amounts to at least one hundred thousand dollars fully paid up, and until it has complied with section 1735.03 of the Revised Code. Except as provided in such section, such capital shall be invested as the board of directors of such company prescribes.

...until it has deposited with the superintendent of insurance fifty thousand dollars, in securities permitted by sections 3925.05, 3925.06, and 3925.08 of the Revised Code. The superintendent shall hold such securities deposited with the treasurer of state as security for the faithful performance of all guarantees entered into and all trusts accepted by such company, but so long as it continues solvent the treasurer of...

...s doing the business of guaranteeing titles to real property shall comply with sections 1735.01 to 1735.04, inclusive, of the Revised Code.

...s to assume and discharge all liability under sections 1739.01 to 1739.22 of the Revised Code relating to or arising out of the operation of the arrangement in proportion to the ratio of the total number of covered employees employed by the member at the time the liability arose to the total number of covered employees employed by all members of the arrangement at the time the liability arose. (B) "Excess insurance"...

...up self-insurance program under a multiple employer welfare arrangement that is chartered and created in this state under sections 1739.01 to 1739.22 of the Revised Code: (1) A chamber of commerce; (2) A trade association; (3) An industry association; (4) A professional association; (5) A voluntary employee beneficiary association that is exempt from taxation by the internal revenue service under section 501(c)(...

... be paid into the state treasury to the credit of the department of insurance operating fund created under section 3901.021 of the Revised Code.

... be paid into the state treasury to the credit of the department of insurance operating fund created under section 3901.021 of the Revised Code.

...ions 3901.04, 3901.041, 3901.19 to 3901.26, 3901.38, 3901.381 to 3901.3814, 3901.40, 3901.45, 3901.46, 3901.491, 3902.01 to 3902.14, 3923.041, 3923.24, 3923.282, 3923.30, 3923.301, 3923.38, 3923.602, 3923.63, 3923.80, 3923.84, 3923.85, 3923.851, 3923.86, 3923.87, 3923.89, 3923.90, 3924.031, 3924.032, and 3924.27 of the Revised Code. (C) A multiple employer welfare arrangement created pursuant to sections 1739.01 t...

...ecome a part of any certificate be used until all of the following have been filed by the arrangement with the superintendent of insurance: (1) The form of the certificate, endorsement, rider, or application; (2) The premium or rates, including the calculations, formulas, and supporting statistics used to establish the premium or rates; (3) Actuarial certification of the premium or rates, or such other documentati...

...ified disease, or vision care; coverage under a one-time-limited-duration policy that is less than twelve months; coverage issued as a supplement to liability insurance; insurance arising out of workers' compensation or similar law; automobile medical payment insurance; or insurance under which benefits are payable with or without regard to fault and which is statutorily required to be contained in any liability insu...

...1) Unless otherwise stated in the agreement, a member may elect to terminate voluntarily its participation in a multiple employer welfare arrangement operating a group self-insurance program by giving no less than thirty days' written notice to the arrangement. Except as provided in division (A)(2) of this section, the voluntary termination shall be approved by the board of the arrangement upon a finding that the mem...

...he following: (1) Invest and reinvest funds held by it in accordance with section 3925.08 of the Revised Code; (2) Collect and disburse all money due or payable; (3) Employ and contract with actuaries, accountants, and other agents and employees necessary for the operation of the arrangement. (C) The board, in addition to other powers contained in its articles, may do all of the following: (1) Employ and contrac...

...s, the superintendent may determine accounting practices and methods for purposes of preparing statutory financial statements and other financial information. (C) For the purposes of preparing an annual report required under division (A) of this section, the arrangement shall report admitted assets in accordance with rules adopted by the superintendent in accordance with Chapter 119. of the Revised Code. (D) The su...

...rrangement to the state treasury to the credit of the department of insurance operating fund pursuant to section 3901.021 of the Revised Code. As used in this section, "expenses" has the same meaning as in section 3901.07 of the Revised Code.

...y and to otherwise meet its obligations under sections 1739.01 to 1739.22 of the Revised Code, the superintendent of insurance may take into consideration all of the following: (A) Maintenance of minimum reserves that are necessary in the exercise of sound and prudent actuarial judgment either and that are certified by a member of the American academy of actuaries as having been computed in accordance with accepted ...

... of a multiple employer welfare arrangement operating a group self-insurance program shall be filed with the superintendent of insurance. (B) As a condition to the issuance and maintenance of a certificate of authority, a multiple employer welfare arrangement operating a group self-insurance program shall purchase individual stop-loss insurance from insurers authorized to transact business in this state with a deduc...

... minimum surplus of not less than five hundred thousand dollars or such higher amounts of surplus as the superintendent of insurance may establish by rule for the protection of the members and their employees. (B) Except as otherwise provided for in sections 1739.01 to 1739.21 of the Revised Code, the assets of a multiple employer welfare arrangement operating a group self-insurance program shall be invested only in...