Ohio § 1753.42 Requirements for exemption of domestic corporation

Ohio Statutes

§ 1753.42 — Requirements for exemption of domestic corporation

Ohio § 1753.42

Title 17Corporations-Partnerships

Ch. 1753Physician-health Plan Partnership Act; Risk-based Capital For Insurers Model Act

This text of Ohio § 1753.42 (Requirements for exemption of domestic corporation) 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. § 1753.42 (2026).

Text

The superintendent of insurance may exempt any domestic health insuring corporation from the application of sections1753.31to1753.43of the Revised Code, if the health insuring corporation meets all of the following requirements:

(A)The health insuring corporation writes direct business in this state only.

(B)The health insuring corporation assumes no reinsurance in excess of five per cent of direct premium written.

(C)The health insuring corporation either:

(1)Writes direct annual premiums of two million dollars or less for basic health care services;

(2)Covers less than two thousand enrollees under policies, contracts, certificates, or agreements for supplemental health care services.

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The superintendent of insurance may exempt any domestic health insuring corporation from the application of sections1753.31to1753.43of the Revised Code, if the health insuring corporation meets all of the following requirements:

(A) The health insuring corporation writes direct business in this state only.

(B) The health insuring corporation assumes no reinsurance in excess of five per cent of direct premium written.

(C) The health insuring corporation either:

(1) Writes direct annual premiums of two million dollars or less for basic health care services;

(2) Covers less than two thousand enrollees under policies, contracts, certificates, or agreements for supplemental health care services.