Ohio § 3906.09 Payment in different currencies

Ohio Statutes

§ 3906.09 — Payment in different currencies

Ohio § 3906.09

Title 39Insurance

Ch. 3906Alternate Investment Law

This text of Ohio § 3906.09 (Payment in different currencies) 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. § 3906.09 (2026).

Text

An insurer investing under this chapter that  is doing business that requires the insurer to make payment in  different currencies shall have investments in securities in each  of these currencies in an amount that, independent of all other  investments, meets the requirements of this chapter, as applied  separately to the insurer's obligations in each currency. The  superintendent may, by order, exempt an insurer, or, by rule, a  class of insurers, from this requirement if the obligations in  other currencies are small enough that no significant problem for  financial solidity would be created by substantial fluctuations in  relative currency values.

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An insurer investing under this chapter that is doing business that requires the insurer to make payment in different currencies shall have investments in securities in each of these currencies in an amount that, independent of all other investments, meets the requirements of this chapter, as applied separately to the insurer's obligations in each currency. The superintendent may, by order, exempt an insurer, or, by rule, a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial solidity would be created by substantial fluctuations in relative currency values.