Ohio § 3903.421
Full text of Ohio Ohio Revised Code § 3903.421, with citation guidance and answers to common questions.
§ 3903.421.
(A) Notwithstanding section 3903.42 of the Revised Code , both of the following apply to medicaid health insuring corporation performance
bonds and securities: (1) Proceeds from the bond issued or securities held pursuant to section 1751.271 of the Revised Code that have been paid to or deposited with the department of insurance shall be considered
special deposits for purposes of satisfying claims of contracted providers for covered
health care services provided to medicaid recipients; (2) Contracted providers that have claims against a health insuring corporation for covered
health care services provided to medicaid recipients shall be given first priority
against the proceeds of the bond or securities held pursuant to section 1751.27 of the Revised Code , to the exclusion of other creditors, except as provided for in this section. (B) If the amount of the proceeds of the bond or securities are not sufficient to satisfy
all of the allowed claims of contracted providers for covered health care services
provided to medicaid recipients, payment shall proceed as follows: (1) Contracted providers shall share in the proceeds of the bond or securities pro rata
based on the allowed amount of the providers' claims against the health insuring corporation
for covered health care services provided to medicaid recipients; (2) After payments are made under division (B)(1) of this section, the net unpaid balance
of the claims of contracted providers shall be allowed for payment from the general
assets of the estate in accordance with the priorities set forth in section 3903.42 of the Revised Code . (C) If the amount of the proceeds of the bond or securities exceeds the allowed claims
of contracted providers for covered health care services provided to medicaid recipients,
the excess amount shall be considered a general asset of the health insuring corporation's
estate to be distributed to other claimants in accordance with the priorities set
forth in section 3903.42 of the Revised Code .
Frequently Asked Questions About Ohio § 3903.421
What does Ohio Revised Code § 3903.421 cover?
Section 3903.421 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 § 3903.421?
A common citation format is "Ohio Revised Code § 3903.421" (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 § 3903.421 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.