Ohio § 3915.04
Full text of Ohio Ohio Revised Code § 3915.04, with citation guidance and answers to common questions.
§ 3915.04.
Life insurance policies may provide for not more than one year preliminary term insurance
by incorporation therein of the following clause immediately preceding the “change
of beneficiary” clause: “The first year's insurance under this policy is term insurance.” If the premium charged for term insurance under a limited payment life or endowment
preliminary term policy, providing for the payment of all premiums thereon in less
than twenty years from the date of the policy, exceeds that charged for like insurance
under whole life preliminary term policies of the same company, the reserve thereon
at the end of any year, including the first, shall not be less than the reserve on
a whole life preliminary term policy issued in the same year and at the same age together
with an amount equivalent to the accumulation of a net level premium sufficient to
provide for a pure endowment at the end of the premium-payment period equal to the
difference between the value at the end of such period of such a whole life preliminary
term policy and the full reserve at such time of such limited payment life or endowment
policy. This section does not apply to any policy issued under section 3915.07 of the Revised Code on or after the operative date for such policy as authorized by division (H) of such
section. This section is applicable to any preliminary term policies, except in the case of
life insurance policies and annuity and pure endowment contracts issued between July
17, 1947, and November 5, 1959, that are subject to valuation under section 3903.723 of the Revised Code .
Frequently Asked Questions About Ohio § 3915.04
What does Ohio Revised Code § 3915.04 cover?
Section 3915.04 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 § 3915.04?
A common citation format is "Ohio Revised Code § 3915.04" (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 § 3915.04 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.