Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Section 3925.17 of the Revised Code does not prevent the declaration of scrip dividends by participating or mutual insurance companies, but no such dividend shall be declared to an amount in excess of profits, or be paid except from profits, after reserving all sums provided in such section, including the whole amount of premiums on unexpired risks.
As used in this section "profits" of a mutual insurance company are that portion of its cash funds not required for payment of losses and expenses nor set apart for any purpose required by law.
Structure Ohio Revised Code
Chapter 3925 | Domestic Insurance Companies Other Than Life
Section 3925.01 | Approval and Recording of Articles.
Section 3925.02 | Subscription to Stock.
Section 3925.03 | Election of Directors and Officers.
Section 3925.04 | Other Officers - Bylaws and Regulations.
Section 3925.05 | Investment of Capital.
Section 3925.06 | Additional Investments.
Section 3925.07 | Deposit of Securities.
Section 3925.08 | Investment of Accumulated Funds or Surplus.
Section 3925.081 | Investing in Mortgage Related Securities.
Section 3925.09 | Limitations on Certain Investments.
Section 3925.10 | Liability of Directors.
Section 3925.101 | Regulation of Foreign Branches of Domestic Companies.
Section 3925.11 | Examination of Company - Renewal of License.
Section 3925.12 | Capitalization Requirements.
Section 3925.13 | Annual Cash Premiums Collectible in Advance.
Section 3925.14 | Mutual Associations Excepted.
Section 3925.15 | Transfers of Stock.
Section 3925.16 | Increase of Capital Stock.
Section 3925.17 | Restriction on Dividends - Liability of Directors.
Section 3925.18 | Scrip Dividends.
Section 3925.19 | Accumulation of Permanent Fund.
Section 3925.20 | Authorized Real Estate Holdings.
Section 3925.21 | Disposal of Real Estate.
Section 3925.22 | Restriction Against Debts.
Section 3925.23 | Enforcement of Assessments.
Section 3925.24 | Proof of Assessments and Notice.
Section 3925.25 | Accident Companies Authorized.
Section 3925.26 | Deposit by Accident Companies.
Section 3925.27 | Consolidation.
Section 3925.28 | Rights and Duties of Consolidated Companies.
Section 3925.29 | Distribution of New Shares of Stock - Limitation of Capital Stock.
Section 3925.30 | Election of Directors.
Section 3925.31 | Filing of Certificate of Consolidation.
Section 3925.32 | Approval of Official Bonds.
Section 3925.33 | Reinsurance of Risks.
Section 3925.34 | Authorized Fields of Insurance for Fire Insurance Companies.