2006 Ohio Revised Code - 3955.06. Creation of nonprofit association.
§ 3955.06. Creation of nonprofit association.
(A) There is hereby created a nonprofit unincorporated association to be known as the Ohio insurance guaranty association. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under section 3955.09 of the Revised Code and shall exercise its powers through a board of directors established under section 3955.07 of the Revised Code.
(B) For purposes of administration and assessment, the association shall be divided into two accounts:
(1) The automobile insurance account;
(2) The account for all other insurance to which
sections 3955.01 to
3955.19 of the Revised Code apply.
HISTORY: 133 v H 1121 (Eff 9-4-70); 143 v H 105 (Eff 10-26-89); 145 v H 89. Eff 6-29-94.
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