Ohio § 3903.51

§ 3903.51.

(A) If no domiciliary liquidator has been appointed, the superintendent of insurance

may file a complaint in the court of common pleas for an order directing him to liquidate

the assets found in this state of a foreign insurer or an alien insurer not domiciled

in this state, on any of the following grounds: (1) Any of the grounds in section 3903.12 or 3903.17 of the Revised Code ; (2) Any of the grounds specified in divisions (A)(2) to (4) of section 3903.50 of the

Revised Code. (B) When an order is sought under division (A) of this section, the court shall cause

the insurer to be given such notice and time to respond thereto as is reasonable under

the circumstances. (C) If it shall appear to the court that the best interests of creditors, policyholders,

and the public require, the court may issue an order to liquidate in whatever terms

it considers appropriate.  Persons dealing with the property of the insurer are charged with notice of a judgment

ordering liquidation under this section from the time when the judgment is filed under Civil Rule 58 , or a certified copy of the judgment is filed under Civil Rule 3(F) , with the clerk of the court of common pleas of the county in which the principal

business of the company is located or the county in which its principal office or

place of business is located. (D) If a domiciliary liquidator is appointed in a reciprocal state while a liquidation

is proceeding under this section, the liquidator appointed under divisions (A) to

(C) of this section shall thereafter act as ancillary receiver under section 3903.53 of the Revised Code .  If a domiciliary liquidator is appointed in a nonreciprocal state while a liquidation

is proceeding under this section, the liquidator appointed under divisions (A) to

(C) of this section may file a motion requesting the court for permission to act as

ancillary receiver under section 3903.53 of the Revised Code . (E) On the same grounds as are specified in division (A) of this section, the superintendent

may petition any appropriate federal district court to be appointed receiver to liquidate

that portion of the insurer's assets and business over which the court will exercise

jurisdiction, or any lesser part thereof that the superintendent considers desirable

for the protection of the policyholders and creditors in this state. (F) The court may order the superintendent, when he has liquidated the assets of a foreign

or alien insurer under this section, to pay claims of residents of this state against

the insurer under such rules as to the liquidation of insurers under sections 3903.01 to 3903.59 of the Revised Code as are otherwise compatible with the provisions of this section.