Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Associations organized under section 3919.01 of the Revised Code may provide in their bylaws that there shall be not less than five nor more than fifteen trustees, whose term of office shall be not more than three years. If the term is made more than one year, the bylaws may provide for electing at the first election a part of them for one year, a part for two years, and a part for three years, and thereafter elections shall be for a term of three years. Such associations by their regulations or bylaws may provide for:
(A) The time, place, and manner of calling and conducting their meetings;
(B) The number of members constituting a quorum;
(C) The time of the annual election for trustees and the mode and manner of giving notice thereof;
(D) The duties and compensation of officers;
(E) The manner of election or appointment and the tenure of office of all officers.
The tenure of the trustees shall not be for more than three years, one third of whom may be elected annually.
This section does not affect or impair the powers or franchises of corporations, companies, or associations organized prior to March 31, 1891. Such companies or associations may avail themselves of sections 3919.01, 3919.11, and 3919.12 of the Revised Code by amendment of their articles of incorporation.
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.