Ohio § 3901.078
Full text of Ohio Ohio Revised Code § 3901.078, with citation guidance and answers to common questions.
§ 3901.078.
(A) If the superintendent finds, after notice and an opportunity for a hearing conducted
in accordance with Chapter 119. of the Revised Code, that an insurer has failed to
file a corporate governance annual disclosure as required by division (A) of section 3901.073 of the Revised Code , the superintendent shall assess a civil penalty against the insurer. (1) The amount of the civil penalty imposed by division (A) of this section shall be
one hundred dollars for each day the CGAD is past due, provided that the total penalty
shall not exceed the sum of ten thousand dollars. (2) All sums collected from such penalties shall be deposited in the general revenue
fund. (B) The superintendent may reduce the amount of the civil penalty if the insurer demonstrates
to the superintendent that the imposition of the penalty would constitute a financial
hardship to the insurer.
Frequently Asked Questions About Ohio § 3901.078
What does Ohio Revised Code § 3901.078 cover?
Section 3901.078 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 § 3901.078?
A common citation format is "Ohio Revised Code § 3901.078" (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 § 3901.078 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.