Ohio § 3906.13

§ 3906.13.

(A) If the superintendent determines that an insurer's investment practices do not meet

the requirements of this chapter, the superintendent may, after notification to the

insurer of the superintendent's findings, order the insurer to make changes necessary

to comply with this chapter. (B) If the superintendent determines that the financial condition, current investment

practice, or current investment plan of an insurer are or may endanger the interests

of insureds, creditors, or the general public, the superintendent may impose reasonable

additional restrictions upon the admissibility or valuation of investments and may

impose restrictions on the investment practices of the insurer, including prohibiting

an investment or requiring the divestment of an investment. (C) The superintendent may count toward satisfaction of the minimum asset requirement

any assets that an insurer is required to invest under the laws of a country other

than the United States as a condition for doing business in that country if the superintendent

finds that counting them does not endanger the interests of the insurer's insureds

or creditors, or the general public. (D) If the superintendent is satisfied by evidence of the solidity of an insurer and

the competence of management and its investment advisors, the superintendent, after

a hearing, may, by order, adjust the class limitations prescribed in section 3906.08 of the Revised Code for that insurer, to the extent that the superintendent is satisfied that the interests

of the insurer's insureds and creditors and the general public are sufficiently protected.  Such adjustments, in aggregate, shall be limited to an amount equal to ten per cent

of the insurer's liabilities.