Ohio § 3929.11
Full text of Ohio Ohio Revised Code § 3929.11, with citation guidance and answers to common questions.
§ 3929.11.
No guaranty company mentioned in section 3929.10 of the Revised Code organized under the laws of another state, territory, district, or country shall
be licensed to transact such business in this state unless at least two hundred thousand
dollars of its assets are invested in the securities permitted by sections 3925.05 to 3925.08 of the Revised Code , or in securities permitted by the laws of the state, district, or territory in which
it is organized, and until such securities are deposited with the superintendent of
insurance in this state, or the superintendent of insurance or other officer of another
state, district, or territory designated by the laws thereof to receive them. If such securities are deposited with said officer of another state, the superintendent
of insurance of this state, before such company is licensed to transact such business
in this state, shall be furnished with a certificate of such officer under his hand
and official seal that he, as such officer, holds in trust on deposit for the benefit
of all the policyholders of such company the securities mentioned in this section,
giving the items thereof and stating that he is satisfied that such securities are
worth at least two hundred thousand dollars. Such securities deposited with such superintendent may be exchanged from time to
time for other like securities, and so long as the corporation depositing them continues
solvent and complies with the laws of this state, the superintendent of insurance
shall permit it to collect the interest, or dividends or distributions, on such deposit.
Frequently Asked Questions About Ohio § 3929.11
What does Ohio Revised Code § 3929.11 cover?
Section 3929.11 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 § 3929.11?
A common citation format is "Ohio Revised Code § 3929.11" (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 § 3929.11 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.