Effective: October 26, 1989
Latest Legislation: House Bill 105 - 118th General Assembly
(A) The superintendent of insurance may exercise any powers to enforce the insurance laws of this state applicable to risk retention groups and purchasing groups, except those that are specifically preempted by the federal "Product Liability Risk Retention Act of 1981," 95 Stat. 949, 15 U.S.C.A. 3901, as amended by the federal "Risk Retention Amendments of 1986," 100 Stat. 3170, 15 U.S.C.A. 3901, as amended.
(B) The authority of the superintendent under division (A) of this section includes, but is not limited to, the superintendent's administrative authority under the laws of this state to investigate, issue subpoenas, conduct depositions and hearings, issue orders, and impose penalties. Actions by the superintendent seeking an injunction are subject to the restrictions in the federal "Risk Retention Amendments of 1986," 100 Stat. 3170, 15 U.S.C.A. 3901, as amended.
Structure Ohio Revised Code
Section 3960.01 | Risk Retention Definitions.
Section 3960.02 | Requirements for Transacting Business.
Section 3960.03 | Requirements for Foreign Risk Retention Groups.
Section 3960.04 | Notices on Application Forms and Policies.
Section 3960.05 | No Coverage by Ohio Insurance Guaranty Association or Similar Mechanism.
Section 3960.06 | Applicability of Laws to Purchasing Group.
Section 3960.07 | Requirements of Purchasing Group for Transacting Business.
Section 3960.08 | Restricting Purchases of Insurance.
Section 3960.09 | Premium Taxes or Taxes on Premiums Paid for Coverage of Risks.
Section 3960.10 | Authority and Powers of Superintendent of Insurance.
Section 3960.12 | Adoption of Rules for Enforcement.
Section 3960.13 | Enforcement Powers of Superintendent of Insurance.