Ohio § 3901.68
Full text of Ohio Ohio Revised Code § 3901.68, with citation guidance and answers to common questions.
§ 3901.68.
Sections 3901.67 to 3901.70 of the Revised Code apply to all of the following: (A) Asset acquisitions, including every purchase, lease, exchange, merger, consolidation,
succession, or other acquisition other than the construction or development of real
property by or for the reporting insurer, or the acquisition of materials for such
purpose. (B) Asset dispositions, including every sale, lease, exchange, merger, consolidation,
mortgage, hypothecation, assignment whether for the benefit of creditors or otherwise,
abandonment, destruction, or other disposition. (C) Nonrenewals, cancellations, or revisions of ceded reinsurance, without regard to
which party has initiated the transaction, whenever one or more of the following conditions
exists: (1) The entire cession has been canceled, and nonrenewed or revised and ceded indemnity
and loss adjustment expense reserves after any nonrenewal, cancellation, or revision
represents less than fifty per cent of the comparable reserves that would have been
ceded had the nonrenewal, cancellation, or revision not occurred. (2) An authorized reinsurer has been replaced on an existing cession by an unauthorized
reinsurer, and the revision affects more than ten per cent of the cession. (3) Collateral requirements previously established for unauthorized reinsurers have been
reduced, and the revision affects more than ten per cent of the cession.
Frequently Asked Questions About Ohio § 3901.68
What does Ohio Revised Code § 3901.68 cover?
Section 3901.68 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 § 3901.68?
A common citation format is "Ohio Revised Code § 3901.68" (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 § 3901.68 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.