Ohio § 3901.351

§ 3901.351.

(A) With respect to any insurer registered under section 3901.33 of the Revised Code and in accordance with division (C) of this section, the superintendent of insurance

may participate in a supervisory college for any domestic insurer that is part of

an insurance holding company system with international operations in order to determine

compliance by the insurer with sections 3901.32 to 3901.37 of the Revised Code .  In participating, the superintendent may do all of the following: (1) Initiate the establishment of a supervisory college; (2) Clarify the membership and participation of other supervisors in the supervisory

college; (3) Clarify the functions of the supervisory college and the role of other regulators,

including the establishment of a group-wide supervisor; (4) Coordinate the ongoing activities of the supervisory college, including planning

meetings, supervisory activities, and processes for information sharing; (5) Establish a crisis management plan. (B) Each registered insurer subject to this section shall be liable for and shall pay

the reasonable expenses of the superintendent's participation in a supervisory college

in accordance with division (C) of this section, including reasonable travel expenses.  The superintendent may establish a regular assessment to the insurer for the payment

of these expenses.  A supervisory college may be convened as either a temporary or permanent forum for

communication and cooperation between the regulators charged with the supervision

of the insurer or its affiliates. (C) In order to assess the business strategy, financial position, legal and regulatory

position, risk exposure, risk management, and governance processes, and as part of

the examination of individual insurers in accordance with section 3901.35 of the Revised Code , the superintendent may participate in a supervisory college with other regulators

charged with supervision of the insurer or its affiliates, including other state,

federal, and international regulatory agencies.  The superintendent may enter into agreements in accordance with section 3901.36 of the Revised Code that provide the basis for cooperation between the superintendent and the other regulatory

agencies, and the activities of the supervisory college. (D) Nothing in this section shall delegate to the supervisory college the authority of

the superintendent to regulate or supervise the insurer or its affiliates within its

jurisdiction. (E) As used in this section, “ supervisory college ” means a forum for cooperation and communication between the involved supervisors

established for the fundamental purpose of facilitating all of the following: (1) The effectiveness of supervision of entities that belong to an insurance group; (2) The supervision of the insurance group as a whole on a group-wide basis; (3) Improving the legal entity supervision of the entities within the insurance group.