Ohio § 3941.16
Full text of Ohio Ohio Revised Code § 3941.16, with citation guidance and answers to common questions.
§ 3941.16.
If the impairment of a domestic mutual company is not more than twenty-five per cent
of such company's reinsurance reserve fund, computed according to law, the superintendent
of insurance may permit it to continue to issue policies for such period, not exceeding
ninety days, as he designates. If such impairment is not restored within the period designated, or exceeds twenty-five
percent of such reinsurance reserve, no such company shall issue new policies until
such impairment is restored and until authorized to do so by the superintendent or
by a court in a proper proceeding.
Frequently Asked Questions About Ohio § 3941.16
What does Ohio Revised Code § 3941.16 cover?
Section 3941.16 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 § 3941.16?
A common citation format is "Ohio Revised Code § 3941.16" (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 § 3941.16 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.