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2023 Ohio Revised Code
Title 39 | Insurance
Chapter 3925 | Domestic Insurance Companies Other Than Life
Section 3925.21 | Disposal of Real Estate.
Universal Citation: OH Rev Code § 3925.21 (2023)
Effective: May 13, 1980
Latest Legislation: House Bill 729 - 113th General Assembly
Real estate acquired under division (B), (C), or (D) of section 3925.20 of the Revised Code shall be disposed of within two years after title to the real estate is acquired, unless the company determines to hold the real estate as an investment subject to the limits of individual and aggregate holdings under section 3925.20 of the Revised Code or unless the company procures a certificate from the superintendent of insurance that its interests will suffer materially by a forced sale of the real estate. The sale then may be postponed for such period as the superintendent directs in the certificate.
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