Effective: September 13, 2022
Latest Legislation: Senate Bill 273 - 134th General Assembly
The purpose of this chapter is to protect, subject to certain limitations, the persons specified in division (A) of section 3956.04 of the Revised Code against failure in the performance of contractual obligations under life, health, and annuity policies, plans, or contracts specified in division (C) of section 3956.04 of the Revised Code, due to the impairment or insolvency of the member insurer that issued the policies, plans, or contracts. To provide this protection, the Ohio life and health insurance guaranty association, an association of member insurers, is created to pay benefits and to continue coverages, as limited in this chapter. Members of the association are subject to assessment to provide funds to carry out the purpose of this chapter.
Last updated July 15, 2022 at 11:18 AM
Structure Ohio Revised Code
Chapter 3956 | Life and Health Insurance Guaranty Association
Section 3956.01 | Life and Health Insurance Guaranty Association Definitions.
Section 3956.02 | Citing Chapter.
Section 3956.03 | Purpose of Chapter.
Section 3956.04 | Association Coverage and Liability.
Section 3956.05 | Liberal Construction of Chapter.
Section 3956.06 | Ohio Life and Health Insurance Guaranty Association Created.
Section 3956.07 | Board of Directors.
Section 3956.08 | Duties as to Impaired or Insolvent Member Insurer.
Section 3956.09 | Member Assessments.
Section 3956.10 | Plan of Operation and Amendments.
Section 3956.12 | Detection and Prevention of Insurer Insolvencies or Impairments.
Section 3956.14 | Examination and Regulation by Superintendent - Annual Financial Report.
Section 3956.15 | Exemption From Fees and Taxes.
Section 3956.17 | Proceedings Involving Insolvent Insurer.
Section 3956.18 | Advertising Prohibitions - Summary Document.
Section 3956.19 | Applicability of Prior Law and Current Law.
Section 3956.20 | Offset of Assessments Against Premium or Franchise Tax Liability.