Ohio § 3929.21 Rates of cancellation for policies on the mutual plan

Ohio Statutes

§ 3929.21 — Rates of cancellation for policies on the mutual plan

Ohio § 3929.21

Title 39Insurance

Ch. 3929Domestic And Foreign Insurance Companies Other Than Life

This text of Ohio § 3929.21 (Rates of cancellation for policies on the mutual plan) 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. § 3929.21 (2026).

Text

When a policy issued on the mutual plan is canceled in accordance with section3929.19of the Revised Code, the company issuing such policy must surrender to the insured the note received from him for premium or payment of losses. Such policy shall first be sent to the secretary or agent of the company, and, within sixty days after receipt thereof for cancellation, the premium note shall be returned. The insured shall first pay his proportion of all losses which actually occurred up to the date when the policy was received. The company is not liable for any loss under any such policy after it is returned for cancellation.

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When a policy issued on the mutual plan is canceled in accordance with section3929.19of the Revised Code, the company issuing such policy must surrender to the insured the note received from him for premium or payment of losses. Such policy shall first be sent to the secretary or agent of the company, and, within sixty days after receipt thereof for cancellation, the premium note shall be returned. The insured shall first pay his proportion of all losses which actually occurred up to the date when the policy was received. The company is not liable for any loss under any such policy after it is returned for cancellation.