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2006 Ohio Revised Code - 3903. Reserve Valuation; Rehabilitation and Liquidation.
- 3903.01. Definitions.
- 3903.02. Citation, construction and purpose of act.
- 3903.03. Application of sections.
- 3903.04. Jurisdiction of courts.
- 3903.05. Temporary restraining orders; injunctions.
- 3903.06. Duty of persons exercising control to cooperate.
- 3903.07. Liability, indemnification and legal representation of superintendent and deputies.
- 3903.08. Pending proceedings not affected.
- 3903.09. Superintendent may issue orders correcting condition; determination to supervise insurer.
- 3903.10. Court may issue ex parte seizure or other order.
- 3903.11. Confidentiality of records, files, documents and information.
- 3903.12. Grounds for rehabilitation order.
- 3903.13. Contents and effect of rehabilitation order; third persons charged with notice of proceedings.
- 3903.14. Superintendent may employ special deputies, clerks, assistants; powers of rehabilitator; transformation plan.
- 3903.15. Stay of actions or proceedings involving insurer; standing of guaranty association.
- 3903.16. Motion for liquidation order; order terminating rehabilitation.
- 3903.17. Basis for liquidation order.
- 3903.18. Contents and effect of liquidation order; third persons charged with notice of proceedings; declaration of insolvency.
- 3903.19. Effect of liquidation order on term of policies.
- 3903.20. Dissolution of corporate existence.
- 3903.21. Powers of liquidator.
- 3903.22. Notice of liquidation order.
- 3903.23. [Repealed]
- 3903.24. Civil actions against or on behalf of liquidated insurer; standing of guaranty association.
- 3903.25. Assets shall be listed and reduced to appropriate degree of liquidity.
- 3903.26. Transfers made or obligations incurred within one year prior to proceeding; transactions with reinsurer.
- 3903.27. Validity of transfers after filing of complaint.
- 3903.28. Preferential transfers within two years prior to filing of complaint.
- 3903.29. Allowance of voidable claims.
- 3903.30. Allowance of setoffs and counterclaims.
- 3903.31. Liquidator's report to court; assessment of members of insurer.
- 3903.32. Reduction of recovery from reinsurer.
- 3903.33. Payment of unpaid earned premiums.
- 3903.34. Application for approval of proposal to disburse assets to guaranty associations.
- 3903.35. Filing of proof of claims.
- 3903.36. Contents of proof of claim; supplementary information or evidence.
- 3903.37. Contingent claims; claims not yet due; employment contract claims.
- 3903.38. Third party claims against insured; claim by insured.
- 3903.39. Notice of denial of claim; hearing on objections.
- 3903.40. Creditor's claims secured by the undertaking of another person.
- 3903.41. Determination of value of security held by secured creditor.
- 3903.42. Priority of distribution of claims.
- · · · [3903.42.1] 3903.421.Medicaid health insuring corporation performance bonds and securities.
- 3903.43. Review, investigation and negotiation of claims; report on claims.
- 3903.44. Manner of payment; distribution in kind.
- 3903.45. Distribution of unclaimed and withheld funds.
- 3903.46. Discharge of liquidator.
- 3903.47. Motion to reopen proceedings.
- 3903.48. Disposition of insurer's records.
- 3903.49. Audit of proceeding.
- 3903.50. Conservator for property of alien or foreign insurer.
- 3903.51. Liquidator for foreign or alien insurer; liquidator to act as ancillary receiver.
- 3903.52. Status of domiciliary liquidators in reciprocal and non-reciprocal states; claims of Ohio residents.
- 3903.53. Appointment of ancillary receiver in Ohio or reciprocal state.
- 3903.54. Request by official of domiciliary state.
- 3903.55. Claimants residing outside Ohio.
- 3903.56. Claims of Ohio residents against foreign insurers.
- 3903.57. Attachment, garnishment or execution proceedings.
- 3903.58. Distribution among claimants from reciprocal states; special deposit and secured claims.
- 3903.59. Ancillary receiver's failure to transfer assets to Ohio liquidator.
- 3903.71. Unsound company, suspension of authority to do business.
- 3903.72. Annual valuation of reserves for life insurance policies, annuity and pure endowment contracts.
- · · · [3903.72.1] 3903.721.Determination of valuation interest rate.
- 3903.73. Deposit of securities with treasurer of state.
- 3903.74. Sale and distribution of securities of defaulting companies.
- 3903.75. Notice to claimants.
- 3903.76. Court procedure.
Risk-Based Capital for Insurers Model Act.
- 3903.81. Definitions.
- 3903.82. Insurer's annual report on RBC levels; superintendent to adjust inaccuracies; legislative findings.
- 3903.83. Duty to submit RBC plan after company action level event; filing in other states.
- 3903.84. Duties of superintendent and insurer after regulatory action level event; effect of challenge; retention of consultants.
- 3903.85. Proceedings after authorized control level event.
- 3903.86. Proceedings after mandatory control level event.
- 3903.87. When insurer has right to request hearing.
- 3903.88. Confidentiality of information; use for other purposes; unfair and deceptive use in advertising.
- 3903.89. When notice to insurer is effective.
- 3903.90. Foreign insurer's duty to submit RBC report; order to liquidate insurer's property.
- 3903.91. Immunity of regulatory officials.
- 3903.92. Requirements for exempting insurer from provisions.
- 3903.93. Rules.
- 3903.99. Penalty.
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