Ohio § 1751.27
Full text of Ohio Ohio Revised Code § 1751.27, with citation guidance and answers to common questions.
§ 1751.27.
(A) Each health insuring corporation holding a certificate of authority to operate in
this state shall have deposited securities with the superintendent of insurance or
an approved custodian in the amount required by this division. (1) Each health insuring corporation authorized to provide basic health care services
shall maintain a deposit of not less than two hundred fifty thousand dollars. (2) Each health insuring corporation authorized to provide only supplemental health care
services shall maintain a deposit of not less than one hundred fifty thousand dollars. (3) Each health insuring corporation authorized to provide only specialty health care
services shall maintain a deposit of not less than seventy-five thousand dollars. (4) Each health insuring corporation authorized to provide both basic health care services
and supplemental health care services shall maintain a deposit of not less than four
hundred thousand dollars. (5) Each health insuring corporation authorized to provide both basic health care services
and specialty health care services shall maintain a deposit of not less than three
hundred twenty-five thousand dollars. (B) The securities deposited under division (A) of this section shall be held as security
for the fulfillment of the obligations of the health insuring corporation to its enrollees
under this chapter. (C) The interest from the deposit made under division (A) of this section shall accrue
to the health insuring corporation that made the deposit. The deposit shall be considered to be an admitted asset of the health insuring corporation. (D) The superintendent shall adopt rules setting forth the qualifications and responsibilities
of an approved custodian.
Frequently Asked Questions About Ohio § 1751.27
What does Ohio Revised Code § 1751.27 cover?
Section 1751.27 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 § 1751.27?
A common citation format is "Ohio Revised Code § 1751.27" (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 § 1751.27 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.