Ohio § 3916.20
Full text of Ohio Ohio Revised Code § 3916.20, with citation guidance and answers to common questions.
§ 3916.20.
The superintendent of insurance may adopt rules in accordance with Chapter 119. of
the Revised Code for purposes of implementing this chapter, including, but not limited
to, rules that do the following: (A) Govern the relationship and responsibilities of insurers, viatical settlement providers,
and viatical settlement brokers during the viatication of a policy. (B) Establish standards for evaluating the reasonableness of payments under viatical
settlement contracts for persons who are terminally or chronically ill. This authority includes, but is not limited to, the regulation of discount rates
used to determine the amount paid in exchange for the assignment, release, transfer,
sale, devise, or bequest of a benefit under a policy insuring persons who are terminally
or chronically ill. (C) Establish appropriate licensing requirements, fees, and standards for continued licensure
for viatical settlement providers and viatical settlement brokers.
Frequently Asked Questions About Ohio § 3916.20
What does Ohio Revised Code § 3916.20 cover?
Section 3916.20 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 § 3916.20?
A common citation format is "Ohio Revised Code § 3916.20" (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 § 3916.20 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.