Ohio § 3915.08
Full text of Ohio Ohio Revised Code § 3915.08, with citation guidance and answers to common questions.
§ 3915.08.
Except in the case of policies to which the second paragraph of this section applies,
the loan value referred to in division (G) of section 3915.05 of the Revised Code shall be the reserve at the end of the current policy year on the policy and on any
dividend additions thereto, less a sum of not more than two and one-half per cent
of the amount insured by the policy and of any dividend additions thereto. The policy shall specify the mortality table and rate of interest adopted for computing
such reserve and may further provide that such loan may be deferred for not more than
six months after the application therefor is made. In the case of policies issued pursuant to section 3915.07 of the Revised Code on or after the operative date for such policies as authorized by division (H) of
said section, the loan value referred to in division (G) of section 3915.05 of the Revised Code shall be the cash surrender value at the end of the current policy year as required
by section 3915.07 of the Revised Code . The company shall reserve the right to defer such loan, except when made to pay
premiums, for six months after application therefor is made.
Frequently Asked Questions About Ohio § 3915.08
What does Ohio Revised Code § 3915.08 cover?
Section 3915.08 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 § 3915.08?
A common citation format is "Ohio Revised Code § 3915.08" (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 § 3915.08 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.