Ohio § 3921.26
Full text of Ohio Ohio Revised Code § 3921.26, with citation guidance and answers to common questions.
§ 3921.26.
(A) Each fraternal benefit society transacting business in this state shall annually
file with the superintendent of insurance a true statement of its financial condition,
transactions, and affairs for the preceding calendar year. The statement shall be filed on or before the first day of March. The statement shall be in general form and content as approved by the national association
of insurance commissioners for fraternal benefit societies, and as supplemented by
additional information required by the superintendent. (B) As part of the annual statement required under division (A) of this section, each
society shall, on or before the first day of March, file with the superintendent a
valuation of its certificates in force on the immediately preceding thirty-first day
of December. The superintendent may, in the superintendent's discretion for cause shown, extend
the deadline for filing the valuation for a period of not more than two calendar months. The valuation shall be prepared in accordance with the standards set forth in section 3921.25 of the Revised Code . The valuation and underlying data shall be certified by a qualified actuary or verified,
at the expense of the society, by an actuary employed or appointed by the insurance
regulatory authority of the society's state of domicile. (C) If a society fails to comply with division (A) or (B) of this section, the superintendent
shall impose a fine of one hundred dollars for each day the noncompliance continues. In addition, the superintendent shall issue an order requiring the society to cease
doing business in this state until the society complies with this section. Notice of the order shall be mailed by regular mail, immediately after its issuance
by the superintendent, to the society subject to the order. (D) Any fine collected pursuant to division (C) of this section shall be paid into the
state treasury to the credit of the department of insurance operating fund created
under section 3901.021 of the Revised Code .
Frequently Asked Questions About Ohio § 3921.26
What does Ohio Revised Code § 3921.26 cover?
Section 3921.26 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 § 3921.26?
A common citation format is "Ohio Revised Code § 3921.26" (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 § 3921.26 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.