Ohio § 3903.45 Distribution of unclaimed and withheld funds

Ohio Statutes

§ 3903.45 — Distribution of unclaimed and withheld funds

Ohio § 3903.45

Title 39Insurance

Ch. 3903Reserve Valuation; Rehabilitation And Liquidation

This text of Ohio § 3903.45 (Distribution of unclaimed and withheld funds) 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. § 3903.45 (2026).

Text

(A)All unclaimed funds subject to distribution remaining in the liquidator's hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member, or other person who is unknown or cannot be found, shall be distributed in accordance with section3903.42of the Revised Code among those claimants to whom it is possible to make immediate payment.

(B)All funds withheld under section3903.38of the Revised Code and not distributed shall upon discharge of the liquidator be deposited with the treasurer of state and paid by him in accordance with section3903.38of the Revised Code. Any sums remaining which under section3903.38of the Revised Code would revert to the undistributed assets of the insurer shall be distributed by the treasurer

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(A) All unclaimed funds subject to distribution remaining in the liquidator's hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member, or other person who is unknown or cannot be found, shall be distributed in accordance with section3903.42of the Revised Code among those claimants to whom it is possible to make immediate payment.

(B) All funds withheld under section3903.38of the Revised Code and not distributed shall upon discharge of the liquidator be deposited with the treasurer of state and paid by him in accordance with section3903.38of the Revised Code. Any sums remaining which under section3903.38of the Revised Code would revert to the undistributed assets of the insurer shall be distributed by the treasurer of state in accordance with section3903.42of the Revised Code among those claimants to whom it is possible to make immediate payment unless the superintendent of insurance in his discretion files a motion requesting the court to reopen the liquidation under section3903.47of the Revised Code.