Effective: January 1, 1960
Latest Legislation: House Bill 1058 - 103rd General Assembly
When credit life insurance or credit accident and health insurance is required as additional security for an indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.
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.