Effective: May 21, 1976
Latest Legislation: House Bill 1267 - 111th General Assembly
(A) The board of directors of the Ohio insurance guaranty association shall consist of not less than five nor more than nine persons serving terms as established in the plan of operation. The members of the board shall be selected by member insurers, subject to the approval of the superintendent. Vacancies on the board shall be filled for the remaining period of the term by the unanimous vote of the remaining directors with the approval of the superintendent of insurance. A majority of the members shall be representatives of domestic insurers.
(B) In approving selections to the board, the superintendent shall consider among other things whether all member insurers are fairly represented.
(C) Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors.
Structure Ohio Revised Code
Chapter 3955 | Property and Casualty Insurance Guaranty Association
Section 3955.01 | Property and Casualty Insurance Guaranty Association Definitions.
Section 3955.03 | Purposes of Chapter.
Section 3955.04 | Liberal Construction of Chapter.
Section 3955.05 | Nonapplicability to Certain Kinds of Insurance.
Section 3955.06 | Ohio Insurance Guaranty Association.
Section 3955.07 | Board of Directors.
Section 3955.08 | Association Powers and Duties.
Section 3955.09 | Plan of Operation and Amendments.
Section 3955.10 | Superintendent of Insurance - Powers and Duties.
Section 3955.12 | Subrogation of Association - Recovery Against Insolvent Insurers.
Section 3955.13 | Exhausting Rights Under Other Policy.
Section 3955.14 | Aiding Detection and Prevention of Insurer Insolvencies.
Section 3955.15 | Examination and Regulation by Superintendent - Annual Financial Report.
Section 3955.16 | Exemption From Fees and Taxation.
Section 3955.17 | Rates - Factors and Calculation.
Section 3955.19 | Staying Pending Proceedings Involving Insolvent Insurers.