Ohio § 3903.58
Full text of Ohio Ohio Revised Code § 3903.58, with citation guidance and answers to common questions.
§ 3903.58.
(A) In a liquidation proceeding in this state involving one or more reciprocal states,
the order of distribution of the domiciliary state shall control as to all claims
of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal priority of payment
from assets regardless of where such assets are located. (B) The owners of special deposit claims against an insurer for which a liquidator is
appointed in this or any other state shall be given priority against the special deposits
in accordance with the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit, so that the claims secured by it are not
fully discharged from it, the claimants may share in the assets, but the sharing shall
be deferred until general creditors, and also claimants against other special deposits
who have received smaller percentages from their respective special deposits, have
been paid percentages of their claims equal to the percentage paid from the special
deposit. (C) The owner of a secured claim against an insurer for which a liquidator has been appointed
in this or any other state may surrender his security and file his claim as a general
creditor, or the claim may be discharged by resort to the security in accordance with section 3903.41 of the Revised Code , in which case the deficiency, if any, shall be treated as a claim against the assets
of the insurer on the same basis as claims of unsecured creditors.
Frequently Asked Questions About Ohio § 3903.58
What does Ohio Revised Code § 3903.58 cover?
Section 3903.58 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 § 3903.58?
A common citation format is "Ohio Revised Code § 3903.58" (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 § 3903.58 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.