Ohio § 3918.04
Full text of Ohio Ohio Revised Code § 3918.04, with citation guidance and answers to common questions.
§ 3918.04.
(A) The amount of credit life insurance shall not exceed the initial indebtedness. Where an indebtedness repayable in substantially equal installments is secured by
an individual policy of credit life insurance the amount of insurance shall at no
time exceed the scheduled amount of indebtedness and, where secured by a group policy
of credit life insurance, shall at no time exceed the amount of unpaid indebtedness. (B) The total amount of indemnity payable by credit accident and health insurance in
the event of disability, as defined in the policy, shall not exceed the aggregate
of the periodic scheduled unpaid installments of the indebtedness; and the amount
of each periodic indemnity payment shall not exceed the original indebtedness divided
by the number of periodic installments.
Frequently Asked Questions About Ohio § 3918.04
What does Ohio Revised Code § 3918.04 cover?
Section 3918.04 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 § 3918.04?
A common citation format is "Ohio Revised Code § 3918.04" (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 § 3918.04 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.