Ohio Statutes
§ 3941.15 — Assessment by impaired company
Ohio § 3941.15
This text of Ohio § 3941.15 (Assessment by impaired company) 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. § 3941.15 (2026).
Text
Any domestic mutual company having a contingent liability which is not possessed of assets above its unearned premium sufficient for the payment of incurred losses and expenses is deemed to be impaired and shall make an assessment for the amount needed to pay such losses and expenses upon its members liable to assessment, in proportion to and within the limits of their several liabilities.
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Legislative History
Effective: October 1, 1953 | Latest Legislation: House Bill 1 - 100th General Assembly
Nearby Sections
15
§ 3941.02
Organization of domestic mutual company - kinds of insurance transacted - licensing of agent§ 3941.03
Amendment of articles§ 3941.07
Every policyholder a member§ 3941.08
Advance cash premiums§ 3941.09
Amendment of bylaws§ 3941.10
Maximum premium - cash premium§ 3941.12
Investment of assets§ 3941.15
Assessment by impaired companyCite This Page — Counsel Stack
Bluebook (online)
Ohio § 3941.15, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/3941.15.