Ohio § 3906.10 Prohibited investments

Ohio Statutes

§ 3906.10 — Prohibited investments

Ohio § 3906.10

Title 39Insurance

Ch. 3906Alternate Investment Law

This text of Ohio § 3906.10 (Prohibited investments) 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. § 3906.10 (2026).

Text

(A)An insurer investing under this chapter shall not invest in investments that are prohibited for an insurer by statute or rules of this state.

(B)An insurer investing under this chapter shall not invest in a partnership as a general partner.

(C)The superintendent shall set a reasonable amount of time, not to exceed five years, for disposal of a prohibited investment in hardship cases if the insurer demonstrates that the investment was legal when made or the result of a mistake made in good faith, or if the superintendent determines that the sale of the asset would be contrary to the interests of insureds, creditors, or the general public.

(D)Violation of division (A) of this section may be grounds for regulatory action pursuant to divisions (A) and (I) of section3903.12o

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(A) An insurer investing under this chapter shall not invest in investments that are prohibited for an insurer by statute or rules of this state.

(B) An insurer investing under this chapter shall not invest in a partnership as a general partner.

(C) The superintendent shall set a reasonable amount of time, not to exceed five years, for disposal of a prohibited investment in hardship cases if the insurer demonstrates that the investment was legal when made or the result of a mistake made in good faith, or if the superintendent determines that the sale of the asset would be contrary to the interests of insureds, creditors, or the general public.

(D) Violation of division (A) of this section may be grounds for regulatory action pursuant to divisions (A) and (I) of section3903.12of the Revised Code.