Ohio § 3905.182 Sale of shares of capital stock of life insurance company or agency

Ohio Statutes

§ 3905.182 — Sale of shares of capital stock of life insurance company or agency

Ohio § 3905.182

Title 39Insurance

Ch. 3905Insurance Producers Licensing Act

This text of Ohio § 3905.182 (Sale of shares of capital stock of life insurance company or agency) 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. § 3905.182 (2026).

Text

No person licensed to sell life insurance under  this chapter, although also licensed to sell securities under section1707.32of the Revised Code, shall sell, or receive any compensation in regard to the sale of, any shares of capital stock of any life insurance company or agency for which  the person is  appointed to sell life insurance, or of any issuer  that owns or controls more than one fourth of the shares of any of such companies, or any rights or options to acquire any of such shares. This section does not prohibit the sale of shares of any investment company registered under the "Investment Company Act of 1940," 54 Stat. 789, 15 U.S.C.A. 80a-l, as amended, or any policies, annuities, or other contracts described in section3907.15of the Revised Code.

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No person licensed to sell life insurance under this chapter, although also licensed to sell securities under section1707.32of the Revised Code, shall sell, or receive any compensation in regard to the sale of, any shares of capital stock of any life insurance company or agency for which the person is appointed to sell life insurance, or of any issuer that owns or controls more than one fourth of the shares of any of such companies, or any rights or options to acquire any of such shares. This section does not prohibit the sale of shares of any investment company registered under the "Investment Company Act of 1940," 54 Stat. 789, 15 U.S.C.A. 80a-l, as amended, or any policies, annuities, or other contracts described in section3907.15of the Revised Code.