Effective: October 12, 2006
Latest Legislation: House Bill 442 - 126th General Assembly
In determining the financial capacity of a mutual protective association organized under section 3939.01 of the Revised Code, the superintendent of insurance may take into consideration factors that include, but are not limited to, all of the following:
(A) Any reinsurance arrangements of the association with authorized insurers in this state;
(B) The amount of contracts or policies of insurance of the association that are written and in force;
(C) Any other measure of financial capacity of the association that the superintendent considers appropriate.
Structure Ohio Revised Code
Chapter 3939 | Mutual Protective Insurance Upon Property
Section 3939.01 | Organizing Mutual Protective Associations.
Section 3939.02 | Contents of Certificate of Incorporation.
Section 3939.03 | Filing of Certificate.
Section 3939.04 | Directors and Officers.
Section 3939.05 | Powers of Association.
Section 3939.06 | Constitution and Bylaws.
Section 3939.07 | Information Filed With Superintendent of Insurance.
Section 3939.08 | Renewal of Certificate.
Section 3939.09 | Annual Statement.
Section 3939.10 | Reorganization of Mutual Fire Insurance Associations as Companies.
Section 3939.11 | Financial Capacity of Mutual Protective Association.