Effective: June 24, 1994
Latest Legislation: House Bill 89 - 120th General Assembly
(A) Any person having a covered claim upon which recovery is also presently possible under an insurance policy written by another insurer shall be required first to exhaust his rights under such other policy. Any amount payable on a covered claim under sections 3955.01 to 3955.19 of the Revised Code shall be reduced by the amount of such recovery.
(B) Any person having a claim which may be recovered against more than one insurance guaranty association or its equivalent shall first seek recovery from the association of the place of residence of the insured, except that a first-party claim for damage to the insured's property with a permanent location shall first be presented to the association of the state of the location of the property. Any recovery under sections 3955.01 to 3955.19 of the Revised Code shall be reduced by the amount of recovery from any other insurance guaranty association or its equivalent.
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.