GroundRules
← Search the law
Ohio · Through 1953-10-01 (House Bill 1 - 100th General Assembly)

Ohio Rev. Code § 3927.06: Deposit of securities by alien companies.

Read at publisher ↗
Where this section sits in the code
  1. Title 39 Insurance
  2. Chapter 3927 Foreign Insurance Companies Other Than Life

An insurance company incorporated by or organized under the laws of a foreign government shall deposit with the superintendent of insurance, for the benefit and security of its policyholders residing in the United States, a sum of not less than one hundred thousand dollars in stocks or bonds of the United States, of this state, or of a municipal corporation or county of this state, which shall not be received by the superintendent at a rate above their par value. Stocks and securities so deposited may be exchanged from time to time for other like securities. So long as the company depositing such securities continues solvent and complies with the laws of this state, the superintendent shall permit it to collect the interest or dividends on such deposits.

Collected 2026-09-14T19:24:35Z. Source file · JSON

Browse this collection