Ohio § 3906.06
Full text of Ohio Ohio Revised Code § 3906.06, with citation guidance and answers to common questions.
§ 3906.06.
In acquiring, investing, exchanging, holding, selling, and managing investments under
this chapter, an insurer shall establish and follow a written investment policy that
shall be reviewed and approved by the insurer's board of directors on at least an
annual basis. The content and format of an insurer's investment policy are at the insurer's discretion,
but shall include written guidelines appropriate to the insurer's business with regard
to all of the following: (A) The general investment policy of the insurer, containing policies, procedures, and
controls covering all aspects of the investing function; (B) Quantified goals and objectives regarding the composition of classes of investments,
including maximum internal limits; (C) Periodic evaluations of the investment portfolio as to its risk and reward characteristics; (D) Professional standards for the individuals making day-to-day investment decisions
to assure that investments are managed in an ethical, prudent, and capable manner; (E) The types of investments that are allowed and that are prohibited, based on their
risk and reward characteristics and the insurer's level of experience with the investments; (F) The relationship of classes of investments to the insurer's insurance products and
liabilities; (G) The manner in which the insurer intends to implement section 3906.05 of the Revised Code ; (H) The level of risk, based on quantitative measures, appropriate for the insurer given
the level of capitalization and expertise available to the insurer.
Frequently Asked Questions About Ohio § 3906.06
What does Ohio Revised Code § 3906.06 cover?
Section 3906.06 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 § 3906.06?
A common citation format is "Ohio Revised Code § 3906.06" (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 § 3906.06 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.