Ohio § 1739.13 Minimum surplus - investment and maintenance of assets

Ohio Statutes

§ 1739.13 — Minimum surplus - investment and maintenance of assets

Ohio § 1739.13

Title 17Corporations-Partnerships

Ch. 1739Multiple Employer Welfare Arrangements

This text of Ohio § 1739.13 (Minimum surplus - investment and maintenance of assets) 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. § 1739.13 (2026).

Text

(A)A multiple employer welfare arrangement operating a group self-insurance program shall maintain a minimum surplus of not less than five hundred thousand dollars or such higher amounts of surplus as the superintendent of insurance may establish by rule for the protection of the members and their employees.

(B)Except as otherwise provided for in sections1739.01to1739.21of the Revised Code, the assets of a multiple employer welfare arrangement operating a group self-insurance program shall be invested only in securities or other investments permitted by the laws of this state for the investment of assets of domestic insurance companies other than life.

(C)A multiple employer welfare arrangement operating a group self-insurance program shall maintain assets in cash, receivables, or sec

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(A) A multiple employer welfare arrangement operating a group self-insurance program shall maintain a minimum surplus of not less than five hundred thousand dollars or such higher amounts of surplus as the superintendent of insurance may establish by rule for the protection of the members and their employees.

(B) Except as otherwise provided for in sections1739.01to1739.21of the Revised Code, the assets of a multiple employer welfare arrangement operating a group self-insurance program shall be invested only in securities or other investments permitted by the laws of this state for the investment of assets of domestic insurance companies other than life.

(C) A multiple employer welfare arrangement operating a group self-insurance program shall maintain assets in cash, receivables, or securities authorized by the laws of this state for the investment of assets of domestic insurance companies other than life in an amount that is equivalent to or higher than the unearned premiums and minimum surplus required under sections1739.01to1739.22of the Revised Code, the reserves for losses outstanding and unpaid, and any other liabilities of the arrangement.