Ohio § 3905.77
Full text of Ohio Ohio Revised Code § 3905.77, with citation guidance and answers to common questions.
§ 3905.77.
(A) If the superintendent of insurance, after a hearing conducted in accordance with
Chapter 119. of the Revised Code, finds a violation of section 3905.76 of the Revised Code , the superintendent may order any of the following: (1) For each separate violation committed by an insurer, managing general agent, or other
person, a civil penalty in an amount of not more than one thousand dollars; (2) For a violation committed by a managing general agent or the producer of the managing
general agent, revocation or suspension of the license of the managing general agent
or the license of the producer; (3) For a violation committed by a managing general agent, reimbursement of the insurer
or the rehabilitator or liquidator of the insurer by the managing general agent and
by any officer, director, shareholder, or other representative or agent of the managing
general agent who actually benefited from the violation, for any losses incurred by
the insurer that were caused by the violation. (B) All civil penalties collected pursuant to division (A)(1) of this section shall be
paid into the state treasury to the credit of the department of insurance operating
fund. (C) Nothing in this section affects the authority of the superintendent to impose any
other civil penalties or to initiate any other proceedings or remedies pursuant to
the laws of this state.
Frequently Asked Questions About Ohio § 3905.77
What does Ohio Revised Code § 3905.77 cover?
Section 3905.77 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 § 3905.77?
A common citation format is "Ohio Revised Code § 3905.77" (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 § 3905.77 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.