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2017 Ohio Revised Code
Title [39] XXXIX INSURANCE
Chapter 3919 - MUTUAL PROTECTIVE INSURANCE UPON PERSONS
Section 3919.35 - Bond of accident insurance only company.
Universal Citation: Ohio Rev Code § 3919.35 (2017)
A corporation, company, or association which is organized for the purpose of doing a purely accident insurance business, and which creates a reserve or guarantee fund from the premiums collected by assessments or otherwise, as provided in its bylaws, is not required to deposit a bond of one hundred thousand dollars; but the treasurer of such organization, before it commences business, shall deposit with the superintendent of insurance a bond with approved securities, to his acceptance, in the sum of ten thousand dollars, for the use and purposes provided in section 3919.34 of the Revised Code.
Effective Date: 10-01-1953 .
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