Ohio Revised Code
Chapter 3921 | Fraternal Benefit Societies
Section 3921.28 | Examination of Domestic and Foreign Societies.

Effective: January 1, 2013
Latest Legislation: House Bill 341 - 129th General Assembly
(A)(1) Each domestic fraternal benefit society and each applicant for a certificate of incorporation as a domestic fraternal benefit society shall be subject to examination by the superintendent of insurance in accordance with section 3901.07 of the Revised Code. Section 3901.07 of the Revised Code shall govern every aspect of the examination, including the circumstances under and frequency with which it is conducted, and the authority of the superintendent and any examiner or other person appointed by the superintendent.
(2)(a) A domestic fraternal benefit society shall be liable for the payment of any additional expense of an examination resulting from unreasonable delays by the society in fulfilling a request for documents or information by the examiner conducting the examination. A delay is deemed unreasonable if the examiner has made two separate unfulfilled requests for the same documents or information. A request for records or information from an examiner shall allow the fraternal benefit society a minimum of ten business days to fulfill the request.
(b) In the event of an unreasonable delay, the examiner shall notify the superintendent, who shall set a hearing, under Chapter 119. of the Revised Code, to determine if there has been an unreasonable delay because of the fraternal benefit society's response to a request for documents or information and to calculate the additional expense incurred by the superintendent as a result of the unreasonable delay.
(3) A summary of the examination of the superintendent and any recommendations or statements of the superintendent that accompany the report, shall be read at the first meeting of the board of directors or corresponding body of the society following the receipt thereof, and if directed so to do by the superintendent, shall also be read at the first meeting of the supreme legislative or governing body of the society following the receipt thereof. A copy of the report, recommendations, and statements of the superintendent shall be furnished by the society to each member of the board of directors or other governing body.
(B) Each foreign or alien fraternal benefit society transacting or applying for admission to transact business in this state shall be subject to examination by the superintendent in accordance with section 3901.07 of the Revised Code. Section 3901.07 of the Revised Code shall govern every aspect of the examination, including the circumstances under and frequency with which it is conducted, the authority of the superintendent and any examiner or other person appointed by the superintendent, the liability for the assessment of expenses incurred in conducting the examination, and the remittance of the assessment to the superintendent's examination fund.

Structure Ohio Revised Code

Ohio Revised Code

Title 39 | Insurance

Chapter 3921 | Fraternal Benefit Societies

Section 3921.01 | Fraternal Benefit Society Definitions.

Section 3921.02 | Fraternal Benefit Society Requirements.

Section 3921.03 | Lodge System.

Section 3921.04 | Representative Form of Government.

Section 3921.05 | Purpose of Fraternal Benefit Society.

Section 3921.06 | Membership Rights.

Section 3921.07 | Organization of Society.

Section 3921.08 | Nonindividual Liability - Indemnification or Reimbursement.

Section 3921.09 | Limitation on Powers or Authority.

Section 3921.10 | Formation of Society After 1-1-97.

Section 3921.101 | Maintenance and Amount of Surplus.

Section 3921.11 | Amendment of Laws.

Section 3921.12 | Operating Charitable, Benevolent, or Educational Institutions for Benefit of Members.

Section 3921.13 | Reinsurance Agreements.

Section 3921.14 | Consolidation or Merger of Societies.

Section 3921.15 | Fraternal Society Converted and Licensed as Mutual Life Insurance Company.

Section 3921.16 | Contractual Benefits Provided by Society.

Section 3921.17 | Designation of Beneficiaries.

Section 3921.18 | Exemption of Benefits From Attachment or Garnishment.

Section 3921.19 | Certificate Specifying Amount of Benefits Provided Under Benefit Contract.

Section 3921.191 | Disclosure for Applicants for Contractual Benefits.

Section 3921.20 | Paid-Up Nonforfeiture Benefit - Cash Surrender Value.

Section 3921.21 | Investment of Funds.

Section 3921.22 | No Individual Right to Assets.

Section 3921.23 | Societies Exempt From Insurance Laws.

Section 3921.24 | Tax Exemption.

Section 3921.25 | Standards of Valuation for Certificates.

Section 3921.26 | Annual Financial Statement - Valuation of Certificates.

Section 3921.27 | Renewal of License - Fee.

Section 3921.28 | Examination of Domestic and Foreign Societies.

Section 3921.29 | Foreign or Alien Benefit Society License.

Section 3921.30 | Notice of Deficiency.

Section 3921.31 | Notice and Correction of Deficiency of Society.

Section 3921.33 | Licensing of Agents - Exceptions.

Section 3921.331 | Effect of Child Support Default on License.

Section 3921.34 | Application of Deceptive Act or Practice Prohibitions.

Section 3921.35 | Service of Process Upon Agent.

Section 3921.36 | False or Misleading Statements.

Section 3921.37 | Exceptions to Chapter.

Section 3921.38 | Review of Superintendent's Decisions and Findings.

Section 3921.99 | Penalty.