Ohio § 3929.02
Full text of Ohio Ohio Revised Code § 3929.02, with citation guidance and answers to common questions.
§ 3929.02.
(A) No insurer authorized to engage in the business of property and casualty insurance
in this state under Chapter 3925., 3929., or 3941. of the Revised Code, and no reinsurer
authorized to do business in this state, shall incur on any single risk, on behalf
of or on account of any one person, a liability for either of the following amounts: (1) With respect to any stock company, an amount greater than one-tenth of its paid-up
capital and surplus; (2) With respect to any mutual company, an amount greater than one-tenth of its surplus. (B) For purposes of calculating the amount of liability incurred on any single risk,
a deduction shall be made for any reinsurance ceded to an authorized reinsurer. (C) For purposes of calculating the amount of liability incurred by an alien insurer
on any single risk, the calculation shall be made in accordance with divisions (A)
and (B) of this section and shall be based solely on the insurer's United States branch.
Frequently Asked Questions About Ohio § 3929.02
What does Ohio Revised Code § 3929.02 cover?
Section 3929.02 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 § 3929.02?
A common citation format is "Ohio Revised Code § 3929.02" (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 § 3929.02 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.