Ohio § 3931.12 Contracts solicited without license during organization

Ohio Statutes

§ 3931.12 — Contracts solicited without license during organization

Ohio § 3931.12

Title 39Insurance

Ch. 3931Reciprocal Or Interinsurance Contracts

This text of Ohio § 3931.12 (Contracts solicited without license during organization) 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. § 3931.12 (2026).

Text

For the purposes of organization and upon the issuance of a permit by the superintendent of insurance, powers of attorney and applications for contracts of indemnity may be solicited without the license required by section3931.10of the Revised Code, but no attorney or other person shall make any such contracts of indemnity until he complies with sections3931.01to3931.12, inclusive, of the Revised Code. No such attorney shall make any contracts of reinsurance on risks located in this state with any company, association, or person not authorized to transact business within the state, except contracts of ocean marine reinsurance, and no such attorney shall reinsure all the risks undertaken by him without the consent of the superintendent.

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For the purposes of organization and upon the issuance of a permit by the superintendent of insurance, powers of attorney and applications for contracts of indemnity may be solicited without the license required by section3931.10of the Revised Code, but no attorney or other person shall make any such contracts of indemnity until he complies with sections3931.01to3931.12, inclusive, of the Revised Code. No such attorney shall make any contracts of reinsurance on risks located in this state with any company, association, or person not authorized to transact business within the state, except contracts of ocean marine reinsurance, and no such attorney shall reinsure all the risks undertaken by him without the consent of the superintendent.