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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3941.21 | Alien mutual company admitted to do business.

Ohio Revised Code
/
Title 39 Insurance
/
Chapter 3941 Operation Of Mutual Insurance Companies
 
Effective:
September 29, 1961
Latest Legislation:
Senate Bill 93 - 104th General Assembly
PDF:
Download Authenticated PDF
 

An alien mutual company, transacting the business of insurance authorized in sections 3941.01 to 3941.34, inclusive, of the Revised Code, on the mutual plan, in accordance with the laws of the country, state, or province in which it was organized, may be admitted to transact such business within this state upon complying with the laws applicable to it when its assets, invested according to the laws of the state where its assets are held in the United States, pledged for the payment of its liabilities in the United States, exceed its liabilities in the United States by three hundred thousand dollars.

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