Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
An association organized under section 3919.01 of the Revised Code may provide in its contracts for stipulated premiums, death benefits, cash surrender values, and loan values, to an amount not exceeding the reserve, or it may provide for the equivalent paid-up or extended term insurance based upon a rate of mortality not lower than, and a rate of interest not higher than, that used in determining the reserve provided in sections 3919.02 to 3919.10, inclusive, of the Revised Code. Whenever the assets held separately for contracts issued on and after January 1, 1926, and for such other contracts designated as provided in such sections, exceed the reserves thereon by not less than five per cent of such reserves, any excess assets derived from mortality savings and investment gains and other sources may be apportioned, distributed, and used as provided by the association.
Structure Ohio Revised Code
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 3919.12 | 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 3919.31 | 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 3919.35 | 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.