Ohio § 3941.31 Collection and deposit of principal and interest

Ohio Statutes

§ 3941.31 — Collection and deposit of principal and interest

Ohio § 3941.31

Title 39Insurance

Ch. 3941Operation Of Mutual Insurance Companies

This text of Ohio § 3941.31 (Collection and deposit of principal and interest) 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. § 3941.31 (2026).

Text

The superintendent of insurance shall collect and pay over to the depositing company the principal and interest on securities deposited in compliance with section3941.30of the Revised Code as they mature, but before receiving the proceeds of the principal sum of any deposited security, the company shall substitute securities of the required character equal in amount to those maturing.

The depositing company at any time may exchange for any securities deposited other securities of like character which shall be deposited and handled in all respects as the original deposit.

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The superintendent of insurance shall collect and pay over to the depositing company the principal and interest on securities deposited in compliance with section3941.30of the Revised Code as they mature, but before receiving the proceeds of the principal sum of any deposited security, the company shall substitute securities of the required character equal in amount to those maturing.

The depositing company at any time may exchange for any securities deposited other securities of like character which shall be deposited and handled in all respects as the original deposit.