Ohio § 3901.72
Full text of Ohio Ohio Revised Code § 3901.72, with citation guidance and answers to common questions.
§ 3901.72.
Any person may advance to a domestic insurance company or a health insuring corporation
any sum of money necessary for the purpose of the insurance company's or health insuring
corporation's business, or to enable the insurance company or health insuring corporation
to comply with any law, or as a cash guarantee fund. Such money, and interest agreed upon, shall not be a liability or claim against
the insurance company or health insuring corporation, or any of its assets, except
as provided in this section, and shall be repaid only out of the surplus earnings
of such insurance company or health insuring corporation. Except as ordered by the superintendent of insurance, no part of the principal or
interest thereof shall be repaid until the surplus of the insurance company or health
insuring corporation remaining after such repayment is equal in amount to the principal
of the money so advanced. Such advancement and repayment shall be subject to the approval of the superintendent,
provided that this section shall not affect the power to borrow money which any such
insurance company or health insuring corporation possesses under other laws. No commission or promotion expenses shall be paid by the insurance company or health
insuring corporation, in connection with the advance of any such money to the insurance
company or health insuring corporation, and the amount of any such unpaid advance
shall be reported in each annual statement.
Frequently Asked Questions About Ohio § 3901.72
What does Ohio Revised Code § 3901.72 cover?
Section 3901.72 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 § 3901.72?
A common citation format is "Ohio Revised Code § 3901.72" (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 § 3901.72 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.