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2023 Ohio Revised Code
Title 39 | Insurance
Chapter 3955 | Ohio Insurance Guaranty Association
Section 3955.03 | Purposes of Chapter.
Universal Citation: OH Rev Code § 3955.03 (2023)
Effective: June 29, 1994
Latest Legislation: House Bill 89 - 120th General Assembly
The purposes of sections 3955.01 to 3955.19 of the Revised Code are to provide a mechanism for the payment of covered claims under certain insurance policies, avoid excessive delay in payment and reduce financial loss to claimants or policyholders because of the insolvency of an insurer, assist in the detection and prevention of insurer insolvencies, and provide an association to assess the cost of such protection among insurers.
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