Ohio § 3916.08
Full text of Ohio Ohio Revised Code § 3916.08, with citation guidance and answers to common questions.
§ 3916.08.
Each viatical settlement contract entered into in this state shall provide the viator
with an unconditional right to rescind the contract for at least fifteen calendar
days after the receipt of the viatical settlement proceeds. If the insured dies during the rescission period, the viatical settlement contract
is deemed to have been rescinded, subject to repayment of all viatical settlement
proceeds to the viatical settlement provider. If a viatical settlement contract is rescinded by the viator pursuant to this section,
ownership of the insurance policy or certificate reverts to the viator or to the viator's
estate if the viator is deceased, irrespective of any transfer of ownership of the
policy or certificate by the viator, viatical settlement provider, or any other person.
Frequently Asked Questions About Ohio § 3916.08
What does Ohio Revised Code § 3916.08 cover?
Section 3916.08 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 § 3916.08?
A common citation format is "Ohio Revised Code § 3916.08" (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 § 3916.08 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.