Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
When the signers of the articles of incorporation required by section 3907.02 of the Revised Code receive from the secretary of state a certified copy of such articles and desire to organize the company, they shall publish their intention in a paper published and having general circulation in the county in which the company is to be organized. After the publication has been made for six weeks, they may open books to receive subscriptions to the capital stock, keep them open until the required amount is subscribed, distribute the stock among the subscribers, if more than the necessary amount is subscribed, collect the capital, and complete the organization of the company.
Structure Ohio Revised Code
Chapter 3907 | Domestic Legal Reserve Life Insurance Companies
Section 3907.01 | Formation of Insurance Company.
Section 3907.02 | Articles of Incorporation.
Section 3907.03 | Approval by Attorney General.
Section 3907.04 | Organization of Company.
Section 3907.05 | Escrowing Amount for Paid-in Capital and Contributed Surplus.
Section 3907.06 | Increase of Capital Stock.
Section 3907.07 | Deposit of Securities With Superintendent of Insurance.
Section 3907.08 | Commencement of Business.
Section 3907.12 | Reinsurance.
Section 3907.14 | Investment of Capital, Surplus, and Accumulations.
Section 3907.141 | Federal Limitations on Investments.
Section 3907.15 | Allocating Premiums.
Section 3907.17 | Certain Action Authorized.
Section 3907.19 | Annual Statements.