Effective: September 4, 2014
Latest Legislation: Senate Bill 140 - 130th General Assembly
An insurer investing under this chapter that is doing business that requires the insurer to make payment in different currencies shall have investments in securities in each of these currencies in an amount that, independent of all other investments, meets the requirements of this chapter, as applied separately to the insurer's obligations in each currency. The superintendent may, by order, exempt an insurer, or, by rule, a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial solidity would be created by substantial fluctuations in relative currency values.
Structure Ohio Revised Code
Chapter 3906 | Alternate Investment Law
Section 3906.01 | Definitions.
Section 3906.02 | Applicability.
Section 3906.03 | Alternative Minimum Financial Security Benchmarks.
Section 3906.04 | Rights of Insurer.
Section 3906.05 | Consideration of Relevant Factors.
Section 3906.06 | Investment Policy.
Section 3906.07 | Classes of Investment for Purposes of Minimum Asset Requirement.
Section 3906.08 | Determination of Minimum Asset Requirement.
Section 3906.09 | Payment in Different Currencies.
Section 3906.10 | Prohibited Investments.
Section 3906.11 | Minimum Asset Requirement.
Section 3906.12 | Derivative Use Plan.