Ohio § 1321.78
Full text of Ohio Ohio Revised Code § 1321.78, with citation guidance and answers to common questions.
§ 1321.78.
(A) A premium finance agreement shall: (1) Be dated, signed by the insured, and the printed portion thereof shall be in at least
eight-point type; (2) Contain the name and place of business of the insurance agent or broker negotiating
the related insurance contract, the name and residence or the place of business of
the insured as specified by him, the name and address of the premium finance company,
and a description of the insurance contracts involved and the amount of the premium
therefor; (3) Set forth any charges the premium finance company elects to charge under sections 1321.79 , 1321.791 , and 1321.80 of the Revised Code . (B) The premium finance company, agent, or agency shall deliver to the insured 1 or send by regular mail to the insured at the address provided in the agreement,
a complete copy of the premium finance agreement. (C) A premium finance company shall give notice of its financing to the insurer not later
than the thirtieth day after the date on which the premium financing agreement is
accepted by the premium finance company. A notice given under this section shall be effective whether or not the insurer's
policy number is set forth in the notice. (D) Notwithstanding divisions (C) and (D) of section 1321.72 of the Revised Code , in the case of a life insurance policy, any premium finance company shall give notice
of its financing to the insurer either prior to the issuance of the life insurance
policy if the financing agreement is accepted prior to the issuance of the policy
or prior to the completion of the premium financing transaction if the financing agreement
is accepted after the issuance of the policy. (E) If premium financing is used in connection with a life insurance policy, and the
premium finance company fails to provide notice of its financing to the insurer pursuant
to division (D) of this section, the premium financing agreement is unenforceable
as a matter of public policy. 1
Prior and current versions differ; although no amendment to this language was indicated
in 2008 H 404, a comma appeared in 1994 S 259.
Frequently Asked Questions About Ohio § 1321.78
What does Ohio Revised Code § 1321.78 cover?
Section 1321.78 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1321.78?
A common citation format is "Ohio Revised Code § 1321.78" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1321.78 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.