Ohio Revised Code
Chapter 3919 | Mutual Protective Insurance Upon Persons
Section 3919.01 | Mutual Protective Associations.

Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
A company or association may be organized to transact the business of life or accident or life and accident insurance on the assessment plan, for the purpose of mutual protection and relief of its members, and for the payment of stipulated sums of money to the families, heirs, executors, administrators, or assigns of the deceased members of such company or association, as the member may direct, in the manner provided in the bylaws. The company also may receive money either by voluntary donation or contribution, or by collection through assessments on its members, and may accumulate, invest, distribute, and appropriate such money in any manner that it deems proper. All accumulations and accretions thereon shall be held and used as the property of the members and in the interest of the members, and shall not be loaned to, or used, appropriated, or invested for, the benefit of any officer or manager of such company or association. No company or association shall issue a certificate for a greater amount than it is able to pay from the proceeds of one assessment. Such company or association is subject to sections 3919.01 to 3919.41, inclusive, of the Revised Code.
Last updated February 23, 2022 at 3:18 PM

Structure Ohio Revised Code

Ohio Revised Code

Title 39 | Insurance

Chapter 3919 | Mutual Protective Insurance Upon Persons

Section 3919.01 | Mutual Protective Associations.

Section 3919.02 | Reserves for Insurance Contracts.

Section 3919.03 | Additional Contributions.

Section 3919.04 | Reserves Are a Distinct Fund.

Section 3919.05 | Mortality Experience or Table.

Section 3919.06 | Provisions for Disability Benefits.

Section 3919.07 | Provisions for Cash Surrender and Loan Values.

Section 3919.08 | Report on Outstanding Contracts.

Section 3919.09 | Associations Exempted.

Section 3919.10 | Foreign Companies and Associations.

Section 3919.11 | Bylaws.

Section 3919.12 | Amendment to Constitution or Bylaws.

Section 3919.13 | Amendment of Articles to Change Plan of Insurance.

Section 3919.14 | Separate Annual Statements.

Section 3919.15 | Prohibition Against Assessment Plan Companies.

Section 3919.16 | Annual Statement.

Section 3919.17 | Failure to File a Statement.

Section 3919.18 | Compliance With Requirements of Mutual Life Companies.

Section 3919.19 | Examination by Superintendent.

Section 3919.21 | Admission of Foreign Insurance Companies.

Section 3919.22 | Certificate of Authority.

Section 3919.23 | Revocation of Authority.

Section 3919.24 | Prohibition Against Agents of Foreign Companies.

Section 3919.25 | Annual Statement by Foreign Company.

Section 3919.26 | Fees - Exceptions.

Section 3919.27 | Life and Accident Business on Assessment Plan.

Section 3919.28 | Action Brought - Service of Summons.

Section 3919.29 | Restrictions on Issuance of Policies.

Section 3919.30 | Expenses.

Section 3919.31 | Organization of Accident and Health Insurance Companies.

Section 3919.32 | Restriction Against New Accident and Health Companies.

Section 3919.33 | Expenses - Separation of Funds.

Section 3919.34 | Bond.

Section 3919.35 | Bond of Accident Insurance Only Company.

Section 3919.36 | Investment of Reserve Fund.

Section 3919.37 | Release of Security.

Section 3919.38 | Annual Statement by Accident Insurance Company.

Section 3919.39 | Mutual Benefit Societies Excepted.

Section 3919.40 | Mutual Benefit Societies Subject to Insurance Laws.

Section 3919.41 | Bond of Treasurer.