Ohio § 3927.06
Full text of Ohio Ohio Revised Code § 3927.06, with citation guidance and answers to common questions.
§ 3927.06.
An insurance company incorporated by or organized under the laws of a foreign government
shall deposit with the superintendent of insurance, for the benefit and security of
its policyholders residing in the United States, a sum of not less than one hundred
thousand dollars in stocks or bonds of the United States, of this state, or of a municipal
corporation or county of this state, which shall not be received by the superintendent
at a rate above their par value. Stocks and securities so deposited may be exchanged from time to time for other
like securities. So long as the company depositing such securities continues solvent and complies
with the laws of this state, the superintendent shall permit it to collect the interest
or dividends on such deposits.
Frequently Asked Questions About Ohio § 3927.06
What does Ohio Revised Code § 3927.06 cover?
Section 3927.06 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 § 3927.06?
A common citation format is "Ohio Revised Code § 3927.06" (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 § 3927.06 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.