Ohio § 3901.10
Full text of Ohio Ohio Revised Code § 3901.10, with citation guidance and answers to common questions.
§ 3901.10.
If it appears to the superintendent of insurance upon satisfactory evidence that the
assets of an insurance company, organized under the laws of this state, after deducting
therefrom all liabilities including reinsurance, reserve, or unearned premium fund,
computed according to the laws of this state, are reduced below the capital required
by law for a stock company or the surplus required for any other company, he shall
require such company to restore such deficiency within a period designated by him
of not less than thirty days nor more than ninety days. He may prohibit such company from issuing any new policies or transacting any new
business until it has furnished evidence satisfactory to him that such deficiency
has been restored, or until so authorized by a court in a proper proceeding therein. If the superintendent prohibits such company from issuing any new policies or transacting
any new business, all licensed agents and solicitors of such company shall be notified
of such prohibition in such manner as the superintendent shall direct. Thereafter, no such agent or solicitor shall procure applications for insurance
or issue policies for such company until authorized by the superintendent or by a
court.
Frequently Asked Questions About Ohio § 3901.10
What does Ohio Revised Code § 3901.10 cover?
Section 3901.10 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 § 3901.10?
A common citation format is "Ohio Revised Code § 3901.10" (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 § 3901.10 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.