Ohio § 3964.175 Liability for penalty

Ohio Statutes

§ 3964.175 — Liability for penalty

Ohio § 3964.175

Title 39Insurance

Ch. 3964Captive Insurance Companies

This text of Ohio § 3964.175 (Liability for penalty) 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. § 3964.175 (2026).

Text

If a protected cell captive insurance company is liable for any penalty, under this chapter or otherwise, due to an act or the failure to act of a protected cell or an officer or director of a protected cell, then both of the following apply:

(A)The penalty shall only be met by the protected cell captive insurance company from the cell assets of the protected cell responsible.

(B)The penalty shall not be enforceable in any way against any other assets of the protected cell captive insurance company or assets of any other protected cell.

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If a protected cell captive insurance company is liable for any penalty, under this chapter or otherwise, due to an act or the failure to act of a protected cell or an officer or director of a protected cell, then both of the following apply:

(A) The penalty shall only be met by the protected cell captive insurance company from the cell assets of the protected cell responsible.

(B) The penalty shall not be enforceable in any way against any other assets of the protected cell captive insurance company or assets of any other protected cell.