Ohio § 3909.02
Full text of Ohio Ohio Revised Code § 3909.02, with citation guidance and answers to common questions.
§ 3909.02.
No life insurance company organized by act of congress or under the laws of another
state of the United States shall take risks or transact any business of insurance
in this state, unless it is possessed of the amount of paid-in capital, contributed
surplus, and other surplus funds required of similar companies organized in this state
under sections 3907.01 to 3907.21 of the Revised Code , or unless the entire capital stock of the company is fully paid up and invested
as required by the laws of the state where it is organized. If it is a mutual company, net actual cash in the amount of not less than one million
dollars of the same description, invested and deposited as required by the laws of
the state where it was organized, shall be accepted in lieu of paid-in capital. This section shall not be applicable to any company licensed by the superintendent
of insurance to transact the business of insurance in this state prior to January
1, 1982.
Frequently Asked Questions About Ohio § 3909.02
What does Ohio Revised Code § 3909.02 cover?
Section 3909.02 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 § 3909.02?
A common citation format is "Ohio Revised Code § 3909.02" (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 § 3909.02 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.