Effective: January 1, 1960
Latest Legislation: House Bill 1058 - 103rd General Assembly
Credit life insurance and credit accident and health insurance shall be issued only in the following forms:
(A) Individual policies of life insurance issued to debtors on the term plan;
(B) Individual policies of accident and health insurance issued to debtors on a term plan including individual policies issued on a franchise plan, as defined in section 3923.11 of the Revised Code, or disability benefit provisions in individual policies of credit life insurance;
(C) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;
(D) Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
Structure Ohio Revised Code
Chapter 3918 | Credit Life and Accident and Health Insurance
Section 3918.01 | Consumer Credit Insurance.
Section 3918.02 | Credit Life and Accident and Health Insurance Definitions.
Section 3918.03 | Form of Policies.
Section 3918.04 | Amount of Credit Life Insurance Not to Exceed Initial Indebtedness.
Section 3918.05 | Coverage Date.
Section 3918.06 | Delivery of Policy or Group Certificate of Insurance to Debtor.
Section 3918.07 | Filing Policies With Superintendent of Insurance.
Section 3918.08 | Filing Schedules of Premium Rates With Superintendent of Insurance.
Section 3918.09 | Authorized Insurers.
Section 3918.10 | Reporting and Payment of Claims.
Section 3918.11 | Debtor Has Option of Furnishing Additional Security Through Existing Policies.
Section 3918.12 | Rules and Regulations - Enforcement.