Ohio § 3929.07
Full text of Ohio Ohio Revised Code § 3929.07, with citation guidance and answers to common questions.
§ 3929.07.
An insurance company that is required by division (B) of section 3929.01 or section 3953.06 of the Revised Code to deposit fifty thousand dollars of bonds with the superintendent of insurance may,
in lieu of that deposit, make a deposit of one hundred thousand dollars, in securities
in which the company may invest its assets by the laws of the state in which it is
incorporated, with the superintendent of insurance or other officer of another state,
designated or permitted by the laws of that state to receive the deposit, for the
benefit and security of all its policyholders. When the superintendent of insurance of this state is satisfied by the certificate
of the superintendent of insurance or other officer of the other state that the deposit
has been made, he shall accept the certificate in lieu of the deposit required of
the company by division (B) of section 3929.01 or section 3953.06 of the Revised Code , and the company need not then maintain the deposit provided for in those sections.
Frequently Asked Questions About Ohio § 3929.07
What does Ohio Revised Code § 3929.07 cover?
Section 3929.07 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 § 3929.07?
A common citation format is "Ohio Revised Code § 3929.07" (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 § 3929.07 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.