Ohio § 1739.11 Determining financial capacity of multiple employer welfare arrangement

Ohio Statutes

§ 1739.11 — Determining financial capacity of multiple employer welfare arrangement

Ohio § 1739.11

Title 17Corporations-Partnerships

Ch. 1739Multiple Employer Welfare Arrangements

This text of Ohio § 1739.11 (Determining financial capacity of multiple employer welfare arrangement) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1739.11 (2026).

Text

In determining the financial capacity of a multiple employer welfare arrangement operating a group self-insurance program to pay employee welfare benefit obligations promptly and to otherwise meet its obligations under sections1739.01to1739.22of the Revised Code, the superintendent of insurance may take into consideration all of the following:

(A)Maintenance of minimum reserves that are necessary in the exercise of sound and prudent actuarial judgment either and that are certified by a member of the American academy of actuaries as having been computed in accordance with accepted loss reserving standards and as being fairly stated in accordance with sound loss reserving principles, or determined to be sufficient through such other documentation acceptable to the superintendent;

(B)The

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In determining the financial capacity of a multiple employer welfare arrangement operating a group self-insurance program to pay employee welfare benefit obligations promptly and to otherwise meet its obligations under sections1739.01to1739.22of the Revised Code, the superintendent of insurance may take into consideration all of the following:

(A) Maintenance of minimum reserves that are necessary in the exercise of sound and prudent actuarial judgment either and that are certified by a member of the American academy of actuaries as having been computed in accordance with accepted loss reserving standards and as being fairly stated in accordance with sound loss reserving principles, or determined to be sufficient through such other documentation acceptable to the superintendent;

(B) The existence and face value of contracts or policies of excess insurance;

(C) Any other measure of financial capacity as the superintendent considers appropriate.