Ohio § 3903.52
Full text of Ohio Ohio Revised Code § 3903.52, with citation guidance and answers to common questions.
§ 3903.52.
(A) The domiciliary liquidator of an insurer domiciled in a reciprocal state shall, except
as to special deposits and security on secured claims under division (C) of section 3903.53 of the Revised Code , be vested by operation of law with the title to all of the assets, property, contracts,
and rights of action, agents' balances, and all of the books, accounts, and other
records of the insurer located in this state. The date of vesting shall be the date of the filing of the complaint or petition,
if that date is specified by the domiciliary law for the vesting of property in the
domiciliary state. Otherwise, the date of vesting shall be the date of entry of the order directing
possession to be taken. The domiciliary liquidator shall have the immediate right to recover balances due
from agents and to obtain possession of the books, accounts, and other records of
the insurer located in this state. The domiciliary liquidator also shall have the right to recover all other assets of
the insurer located in this state, subject to section 3903.53 of the Revised Code . (B) If a domiciliary liquidator is appointed for an insurer not domiciled in a reciprocal
state, the superintendent of insurance shall be vested by operation of law with the
title to all of the property, contracts, and rights of action, and all of the books,
accounts, and other records of the insurer located in this state, at the same time
that the domiciliary liquidator is vested with title in the domicile. The superintendent may file a complaint for a conservation or liquidation order
under section 3903.50 or 3903.51 of the Revised Code , or for an ancillary receivership under section 3903.53 of the Revised Code , or after approval by the court may transfer title to the domiciliary liquidator,
as the interests of justice and the equitable distribution of the assets require. (C) Claimants residing in this state may file claims with the liquidator or ancillary
receiver, if any, in this state or with the domiciliary liquidator, if the domiciliary
law permits. The claims must be filed on or before the last date fixed for the filing of claims
in the domiciliary liquidation proceedings.
Frequently Asked Questions About Ohio § 3903.52
What does Ohio Revised Code § 3903.52 cover?
Section 3903.52 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 § 3903.52?
A common citation format is "Ohio Revised Code § 3903.52" (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 § 3903.52 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.