Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
The articles of incorporation of a domestic mutual company may be amended at any meeting of members, thirty days' notice of which, and of the business to come before it, has been given by a majority of the directors in a newspaper published and of general circulation in the county where the company's principal place of business is located. Such amendment, if adopted by at least three-fifths vote of the members present and voting at the meeting so called if not inconsistent with the constitution and laws of this state, and of the United States, shall be approved by the attorney general and secretary of state. Such amendment and the certificate of approval by the attorney general shall be filed in the office of the secretary of state, and shall thereupon be in effect. After recording such amendment the secretary of state shall deposit a copy thereof with the superintendent of insurance.
Structure Ohio Revised Code
Chapter 3941 | Operation of Mutual Insurance Companies
Section 3941.01 | Operation of Mutual Insurance Company Definitions.
Section 3941.03 | Amendment of Articles.
Section 3941.04 | Bond Prerequisite to Solicitation for Insurance or Acceptance of Premiums.
Section 3941.05 | Legal Existence of Company - Power of Original Incorporators - Directors.
Section 3941.06 | Conditions for Issuance or Renewal of License.
Section 3941.07 | Every Policyholder a Member.
Section 3941.08 | Advance Cash Premiums.
Section 3941.09 | Amendment of Bylaws.
Section 3941.10 | Maximum Premium - Cash Premium.
Section 3941.11 | Stipulation or Provision as to Contingent Liability.
Section 3941.12 | Investment of Assets.
Section 3941.14 | Expense Shall Not Exceed Forty per Cent of Premium Income.
Section 3941.15 | Assessment by Impaired Company.
Section 3941.16 | Issuance of Policies by Impaired Company.
Section 3941.17 | Record of the Order of Assessment.
Section 3941.18 | Petition to Have Court Examine Assessment.
Section 3941.19 | Personal Liability of Trustees or Directors.
Section 3941.20 | Admission of a Foreign Company.
Section 3941.21 | Alien Mutual Company Admitted to Do Business.
Section 3941.22 | Revocation of License of Foreign or Alien Company.
Section 3941.23 | Every Domestic, Foreign, or Alien Company Shall Contain the Word Mutual.
Section 3941.24 | Company Having Name Similar to That of Another Not Permitted.
Section 3941.25 | Retaliatory Law Shall Not Apply.
Section 3941.26 | Application of Other Laws.
Section 3941.27 | Companies and Associations Not Affected.
Section 3941.28 | Companies Deemed to Be Organized Under Laws of This State.
Section 3941.29 | Refusal to Make Report Forfeits Charter.
Section 3941.30 | Deposit of Securities to Transact Business Outside State.
Section 3941.31 | Collection and Deposit of Principal and Interest.
Section 3941.32 | Certification of Deposits.
Section 3941.33 | Annual Examination of Securities.
Section 3941.34 | Surrender of Securities Upon Termination of Liability - Examination of Records.
Section 3941.35 | Merger or Consolidation of Companies.
Section 3941.36 | Written Agreement - Name.
Section 3941.37 | Approval of Agreement by Directors and Members.
Section 3941.38 | Agreement and Petition for Approval - Disapproval of Petition.
Section 3941.39 | Transfer of License to Surviving or Resulting Company.
Section 3941.40 | Hearing - Notice - Judicial Review.
Section 3941.41 | Company to Designate Effective Date.
Section 3941.42 | Proceedings Upon Merger or Consolidation.
Section 3941.43 | Continuation of Oldest of Constituent Companies.
Section 3941.44 | Filing Copy of Agreement.
Section 3941.47 | Discontinuing Contract With Hospital.
Section 3941.48 | Contract With Only Hospital Operating in County.
Section 3941.49 | Contract With Only Osteopathic Hospital Operating in County.
Section 3941.50 | Reimbursement for Emergency Services.