Ohio § 3921.30 Notice of deficiency

Ohio Statutes

§ 3921.30 — Notice of deficiency

Ohio § 3921.30

Title 39Insurance

Ch. 3921Fraternal Benefit Societies

This text of Ohio § 3921.30 (Notice of deficiency) 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. § 3921.30 (2026).

Text

If the superintendent of insurance finds, upon  investigation, that a domestic fraternal benefit society has  exceeded its powers, has failed to comply with any provision of  this chapter, is not fulfilling its contracts in good faith, has a  membership of less than four hundred after an existence of one  year or more, or is conducting business fraudulently or in a  manner hazardous to its members, creditors, the public, or the  business, the superintendent shall issue a written notice to the  society that sets forth the deficiency and the reasons for the  superintendent's dissatisfaction, and that requires the society to  correct the deficiency within thirty days after receipt of the  notice. If the society fails to correct the deficiency within that  thirty-day period, the superintendent

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If the superintendent of insurance finds, upon investigation, that a domestic fraternal benefit society has exceeded its powers, has failed to comply with any provision of this chapter, is not fulfilling its contracts in good faith, has a membership of less than four hundred after an existence of one year or more, or is conducting business fraudulently or in a manner hazardous to its members, creditors, the public, or the business, the superintendent shall issue a written notice to the society that sets forth the deficiency and the reasons for the superintendent's dissatisfaction, and that requires the society to correct the deficiency within thirty days after receipt of the notice. If the society fails to correct the deficiency within that thirty-day period, the superintendent shall commence an action against the society under sections3903.01to3903.59of the Revised Code.