Ohio § 3964.09 Suspension or revocation of license

Ohio Statutes

§ 3964.09 — Suspension or revocation of license

Ohio § 3964.09

Title 39Insurance

Ch. 3964Captive Insurance Companies

This text of Ohio § 3964.09 (Suspension or revocation of license) 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. § 3964.09 (2026).

Text

The superintendent may suspend or revoke the license of a captive insurance company, in accordance with Chapter 119. of the Revised Code, for any of the following reasons:

(A)Insolvency or impairment of capital or surplus;

(B)Failure to meet the requirements of section3964.05of the Revised Code;

(C)Refusal or failure to submit an annual report, as required by section3964.07of the Revised Code, or any other report or statement required by law or by lawful order of the superintendent;

(D)Failure to comply with the provisions of its own articles, bylaws, code of regulations, or other organizational documents;

(E)Failure to submit to, or pay the cost of, examination, or any legal obligation related to examination, as required by this chapter;

(F)Use of practices that, alt

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The superintendent may suspend or revoke the license of a captive insurance company, in accordance with Chapter 119. of the Revised Code, for any of the following reasons:

(A) Insolvency or impairment of capital or surplus;

(B) Failure to meet the requirements of section3964.05of the Revised Code;

(C) Refusal or failure to submit an annual report, as required by section3964.07of the Revised Code, or any other report or statement required by law or by lawful order of the superintendent;

(D) Failure to comply with the provisions of its own articles, bylaws, code of regulations, or other organizational documents;

(E) Failure to submit to, or pay the cost of, examination, or any legal obligation related to examination, as required by this chapter;

(F) Use of practices that, although not otherwise specifically prohibited by law, are determined by the superintendent to render its operation detrimental or its condition unsound with respect to the public or to its policyholders;

(G) Failure to otherwise comply with the laws of this state.