Ohio § 3901.75
Full text of Ohio Ohio Revised Code § 3901.75, with citation guidance and answers to common questions.
§ 3901.75.
When any insurance company or corporation other than life, which company or corporation
has made a deposit with the superintendent of insurance, intends to discontinue its
business in this state, the superintendent, upon the application of the company or
corporation, shall give notice at its expense of such intention at least once a week
for six weeks in three newspapers of general circulation in the state. After such publication, the superintendent shall deliver to the company or association
its securities held by the superintendent, if the superintendent is satisfied by the
affidavits of the principal officers of the company, and on an examination made by
the superintendent or by some competent, disinterested person appointed by the superintendent
if the superintendent deems it necessary, that all liabilities and obligations which
the deposit has been made to secure have been paid and extinguished. The superintendent may deliver to the company or its assigns, under like condition,
any portion of the securities on being satisfied that an equal proportion of the liabilities
and obligations have been satisfied, if the amount of securities retained by the superintendent
is not less than twice the amount of the remaining liabilities and obligations.
Frequently Asked Questions About Ohio § 3901.75
What does Ohio Revised Code § 3901.75 cover?
Section 3901.75 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 § 3901.75?
A common citation format is "Ohio Revised Code § 3901.75" (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 § 3901.75 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.