Ohio § 3919.27

§ 3919.27.

Any corporation, company, or association described in section 3919.21 of the Revised Code which is transacting business in this state is subject only to sections 3919.01 to 3919.41, inclusive, of the Revised Code , which provide for the organization of mutual protective associations, and may transact

in this state the business of life or accident or life and accident insurance on the

assessment plan, for the purpose of mutual protection and relief of its members, and

for the payment of stipulated sums of money to the families, heirs, executors, administrators,

or assigns of the deceased members of such corporation, company, or association as

the members may direct, notwithstanding such corporation, company, or association

may have been organized on the assessment plan and authorized by the laws governing

it to issue policies insuring lives on the plan of assessment upon surviving members

without limitation.