Ohio § 3919.04
Full text of Ohio Ohio Revised Code § 3919.04, with citation guidance and answers to common questions.
§ 3919.04.
The assets representing the reserves on all contracts issued on and after January
1, 1926, and on such other contracts as the association organized under section 3919.01 of the Revised Code designates upon which a reserve at least equal to the minimum reserve prescribed
in section 3919.02 of the Revised Code has been accumulated, shall be held separate for the sole use and benefit of such
contracts and the insured and beneficiaries thereunder, and no other contracts, insured,
beneficiaries, or claimants shall have or acquire any right or interest therein. Provision shall be made for requiring during each calendar year, from such contracts
as are not included under this paragraph, contributions which, together with available
assets not so held separate, are sufficient to provide for the shares of claims, expenses,
and other current liabilities to be borne by such contracts as are not included under
this section; provided that no such separation is required whenever reserves on all
outstanding contracts are maintained in accordance with sections 3919.02 to 3919.10, inclusive, of the Revised Code . Such association may accumulate, maintain, and distribute a surplus above such reserves
and shall do so as the laws of the association provide in conformity with such sections. This section does not give to any individual contract, insured, or beneficiary any
right or claim to any reserves or surplus, or to any part thereof, other than in the
manner and to the extent provided in the contract or laws of the association; nor
does it make any such reserves, except the reserves required by sections 3919.02 to 3919.10, inclusive, of the Revised Code , a liability in determining the solvency of the association.
Frequently Asked Questions About Ohio § 3919.04
What does Ohio Revised Code § 3919.04 cover?
Section 3919.04 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 § 3919.04?
A common citation format is "Ohio Revised Code § 3919.04" (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 § 3919.04 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.