Ohio § 3921.25
Full text of Ohio Ohio Revised Code § 3921.25, with citation guidance and answers to common questions.
§ 3921.25.
(A) The standards of valuation for certificates that are delivered or issued for delivery
in this state on or after January 1, 1997, but prior to January 1, 1998, shall be
those standards that would have applied under the laws in effect on December 31, 1996. (B) The minimum standards of valuation for certificates of life insurance, annuity and
pure endowment certificates, total and permanent disability benefit certificates,
accidental death benefit certificates, and noncancelable accident and health benefit
certificates, that are delivered or issued for delivery in this state on or after
January 1, 1998, shall comply with the valuation methods and standards, including
interest assumptions, that are applicable to life insurers that issue policies containing
like benefits. (C) The superintendent of insurance may, in the superintendent's discretion, accept other
standards for valuation if the superintendent finds that the reserves produced by
such standards will not be less in the aggregate than reserves computed in accordance
with the minimum valuation standards prescribed in this section. The superintendent may, in the superintendent's discretion, vary the standards of
mortality applicable to all benefit contracts on substandard lives or other extra
hazardous lives by any society authorized to do business in this state. (D) Any society, with the consent of the supervising insurance official of its state
of domicile and under any conditions that the superintendent may impose, may establish
and maintain reserves on its certificates in excess of the reserves required, provided
that the contractual rights of any benefit member are not affected by such action.
Frequently Asked Questions About Ohio § 3921.25
What does Ohio Revised Code § 3921.25 cover?
Section 3921.25 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 § 3921.25?
A common citation format is "Ohio Revised Code § 3921.25" (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 § 3921.25 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.