Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
A life insurance company may enter into subsequent agreements in writing with the insured, which need not be attached to the policy, to extend the time for the payment of any premium, or part thereof, upon the condition that failure to comply with the terms of such agreement shall lapse the policy. Subject to any lien that may be created to secure any indebtedness contracted by the insured in consideration of such extension, said agreement shall not impair any right existing under the policy.
Structure Ohio Revised Code
Chapter 3915 | Life Insurance Policy Provisions
Section 3915.01 | Company Defined.
Section 3915.02 | Application of Law.
Section 3915.03 | Unauthorized Policies Not to Be Issued.
Section 3915.04 | Preliminary Term Insurance.
Section 3915.05 | Policy Provisions to Be Included.
Section 3915.051 | Policy Loan Interest Rates.
Section 3915.052 | Interest Payable on Policy Proceeds.
Section 3915.053 | Policy of Military Reservist Not to Lapse for Nonpayment of Premiums.
Section 3915.06 | Nonforfeiture Benefit and Cash Value.
Section 3915.07 | Standard Nonforfeiture Law.
Section 3915.071 | Paid-Up Nonforfeiture Benefit or Alternative Nonforfeiture Benefit.
Section 3915.072 | Cash Surrender Value - Nonforfeiture Factors.
Section 3915.073 | Standard Nonforfeiture Law for Individual Deferred Annuities.
Section 3915.08 | Loan, Reserve, and Cash Surrender Value.
Section 3915.09 | Provisions Prohibited.
Section 3915.10 | Time Extension for Premium Payments.
Section 3915.11 | Interest Added to Principal Debt.
Section 3915.12 | Exchange, Alteration, or Conversion of Policy.
Section 3915.13 | Back-Dating Policies.
Section 3915.14 | Filing of Forms of Policies.
Section 3915.141 | Filing of Form of Indorsement or Rider Providing Accelerated Benefits.
Section 3915.15 | Provisions of Policies of Foreign Companies.
Section 3915.16 | Interstate Insurance Product Regulation Code Adopted.
Section 3915.21 | Accelerated Benefits Definitions.
Section 3915.22 | Application of Chapter.
Section 3915.23 | Accelerated Benefits Calculated on Mortality Risks.