Ohio § 3901.631
Full text of Ohio Ohio Revised Code § 3901.631, with citation guidance and answers to common questions.
§ 3901.631.
(A) A domestic ceding insurer shall take steps to manage its reinsurance recoverables
proportionate to its own book of business. (1) A domestic ceding insurer shall notify the superintendent within thirty days after
reinsurance recoverables from any single assuming insurer, or group of affiliated
assuming insurers, exceed fifty per cent of the domestic ceding insurer's last reported
surplus to policyholders, or after it has determined that reinsurance recoverables
from any single assuming insurer, or group of affiliated assuming insurers, are likely
to exceed this limit. (2) The notification required in division (A)(1) of this section shall demonstrate that
the exposure is safely managed by the domestic ceding insurer. (B) A domestic ceding insurer shall take steps to diversify its reinsurance program. (1) A domestic ceding insurer shall notify the superintendent within thirty days after
ceding to any single assuming insurer, or group of affiliated assuming insurers, more
than twenty per cent of the ceding insurer's gross written premium in the prior calendar
year, or after it has determined that the reinsurance ceded to any single assuming
insurer, or group of affiliated assuming insurers, is likely to exceed this limit. (2) The notification required in division (B)(1) of this section shall demonstrate that
the exposure is safely managed by the domestic ceding insurer.
Frequently Asked Questions About Ohio § 3901.631
What does Ohio Revised Code § 3901.631 cover?
Section 3901.631 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 § 3901.631?
A common citation format is "Ohio Revised Code § 3901.631" (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 § 3901.631 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.