Ohio § 3903.16
Full text of Ohio Ohio Revised Code § 3903.16, with citation guidance and answers to common questions.
§ 3903.16.
(A) Whenever the superintendent of insurance believes rehabilitation of an insurer would
substantially increase the risk of loss to creditors, policyholders, or the public,
or would be futile, the superintendent may file a motion in the court of common pleas
for an order of liquidation. A motion under this division has the same effect as a complaint under section 3903.17 of the Revised Code . The court shall permit the directors of the insurer to take such actions as are
reasonably necessary to defend against the motion and may order payment from the estate
of the insurer of such costs and other expenses of defense as justice may require. (B) The court may at any time, upon motion of the rehabilitator, enter an order terminating
rehabilitation of an insurer. The court may also, upon motion of the directors of the insurer, enter an order
terminating rehabilitation of the insurer and may order payment from the estate of
the insurer of such costs and other expenses of such motion as justice may require. If the court finds that rehabilitation has been accomplished and that grounds for
rehabilitation under section 3903.12 of the Revised Code no longer exist, it shall order that the insurer be restored to possession of its
property and the control of its business. The court may also make such a finding and issue such an order at any time upon
its own motion.
Frequently Asked Questions About Ohio § 3903.16
What does Ohio Revised Code § 3903.16 cover?
Section 3903.16 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 § 3903.16?
A common citation format is "Ohio Revised Code § 3903.16" (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 § 3903.16 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.