Effective: September 17, 2014
Latest Legislation: House Bill 117 - 130th General Assembly
The directors of a protected cell captive insurance company shall establish and maintain, or cause to be established and maintained, procedures to do all of the following:
(A) Segregate cell assets and liabilities separate and separately identifiable from general assets and liabilities;
(B) Segregate cell assets and liabilities of each protected cell separate and separately identifiable from cell assets and liabilities of any other protected cell;
(C) Apportion or transfer, where relevant, assets and liabilities between protected cells or between protected cells and the general assets and liabilities of the protected cell captive insurance company.
Structure Ohio Revised Code
Chapter 3964 | Captive Insurance Companies
Section 3964.01 | Definitions.
Section 3964.02 | Authorized Lines of Insurance.
Section 3964.03 | Organization.
Section 3964.05 | Capital Requirements.
Section 3964.06 | Extraordinary Distributions.
Section 3964.07 | Annual Reports.
Section 3964.08 | Examination, Evaluation, and Monitoring.
Section 3964.09 | Suspension or Revocation of License.
Section 3964.10 | Investments.
Section 3964.11 | Rating Organizations; Affiliation Not Required.
Section 3964.12 | Affiliation With Insolvency Fund Prohibited.
Section 3964.14 | Applicable Law.
Section 3964.15 | Captive Insurance Regulation and Supervision Fund.
Section 3964.17 | Protected Cell Captive Insurance Company.
Section 3964.172 | Transfer of Assets.
Section 3964.173 | Status of Owners and Participants.
Section 3964.174 | Transactional Liability.
Section 3964.175 | Liability for Penalty.
Section 3964.176 | Duties of Directors.
Section 3964.177 | Agreements Between Company and Protected Cell; Requirements; Failure to Comply.
Section 3964.179 | Transfer of Protected Cells.
Section 3964.18 | Liquidation.
Section 3964.191 | Grounds for Rehabilitation or Liquidation.
Section 3964.193 | Confidentiality of Information.