Ohio § 1761.15
Full text of Ohio Ohio Revised Code § 1761.15, with citation guidance and answers to common questions.
§ 1761.15.
A credit union share guaranty corporation shall establish a reserve for guaranty losses
on an incurred basis in accordance with generally accepted accounting principles during
the period in which such losses become evident. Such reserve shall provide for losses reported to the corporation, losses incurred
but not reported, and estimated losses on the collection of notes and other guarantees
to member credit unions. Estimates of loss frequency and loss severity for incurred but not reported losses
shall be made based on historical data, trends, economic factors, and other statistical
information related to member credit unions. Such reserve shall be reported in its annual statement to the superintendent of
insurance according to the principles of statutory accounting. All determinations of the superintendent of insurance shall be made on the basis
of principles of statutory accounting.
Frequently Asked Questions About Ohio § 1761.15
What does Ohio Revised Code § 1761.15 cover?
Section 1761.15 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 § 1761.15?
A common citation format is "Ohio Revised Code § 1761.15" (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 § 1761.15 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.