Ohio § 3903.53
Full text of Ohio Ohio Revised Code § 3903.53, with citation guidance and answers to common questions.
§ 3903.53.
(A) If a domiciliary liquidator has been appointed for an insurer not domiciled in this
state, the superintendent of insurance may file a complaint in the court of common
pleas requesting appointment as ancillary receiver in this state if both of the following
apply: (1) There are sufficient assets of the insurer located in this state to justify the appointment
of an ancillary receiver; (2) The protection of creditors or policyholders in this state so requires. (B) The court may issue an order appointing an ancillary receiver in whatever terms it
shall consider appropriate. Persons dealing with the property of the insurer are charged with notice of the
order appointing an ancillary receiver from the time when the judgment ordering the
appointment 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 property
is located. (C) When a domiciliary liquidator has been appointed in a reciprocal state, then the
ancillary receiver appointed in this state may, whenever necessary, aid and assist
the domiciliary liquidator in recovering assets of the insurer located in this state. The ancillary receiver shall, as soon as practicable, liquidate from their respective
securities those special deposit claims and secured claims which are proved and allowed
in the ancillary proceedings in this state, and shall pay the necessary expenses of
the proceedings. He shall promptly transfer all remaining assets, books, accounts, and records to
the domiciliary liquidator. Subject to this section, the ancillary receiver and his deputies shall have the
same powers and be subject to the same duties with respect to the administration of
assets as a liquidator of an insurer domiciled in this state. (D) When a domiciliary liquidator has been appointed in this state, ancillary receivers
appointed in reciprocal states shall have, as to assets and books, accounts, and other
records in their respective states, corresponding rights, duties, and powers to those
provided in division (C) of this section for ancillary receivers appointed in this
state.
Frequently Asked Questions About Ohio § 3903.53
What does Ohio Revised Code § 3903.53 cover?
Section 3903.53 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 § 3903.53?
A common citation format is "Ohio Revised Code § 3903.53" (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 § 3903.53 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.