Ohio § 3941.01 Operation of mutual insurance company definitions

Ohio Statutes

§ 3941.01 — Operation of mutual insurance company definitions

Ohio § 3941.01

Title 39Insurance

Ch. 3941Operation Of Mutual Insurance Companies

This text of Ohio § 3941.01 (Operation of mutual insurance company definitions) 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. § 3941.01 (2026).

Text

As used in sections3941.01to3941.34, inclusive, of the Revised Code:

(A)"Company" includes corporations and associations.

(B)"Domestic" designates companies organized under the laws of this state.

(C)"Foreign" designates companies organized under the laws of another state or territory.

(D)"Alien" designates companies organized under the laws of any country other than the United States, or some state, province, or territory of such country.

(E)"Surplus" or "net assets" means the funds and assets, invested as required or permitted by the laws of the state, territory, or district where the company is organized, in excess of all liabilities including unearned premium reserve, but excluding from such assets all contingent liabilities of policyholders or members.

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As used in sections3941.01to3941.34, inclusive, of the Revised Code:

(A) "Company" includes corporations and associations.

(B) "Domestic" designates companies organized under the laws of this state.

(C) "Foreign" designates companies organized under the laws of another state or territory.

(D) "Alien" designates companies organized under the laws of any country other than the United States, or some state, province, or territory of such country.

(E) "Surplus" or "net assets" means the funds and assets, invested as required or permitted by the laws of the state, territory, or district where the company is organized, in excess of all liabilities including unearned premium reserve, but excluding from such assets all contingent liabilities of policyholders or members.