Ohio § 3941.46
Full text of Ohio Ohio Revised Code § 3941.46, with citation guidance and answers to common questions.
§ 3941.46.
Any foreign or alien mutual company licensed in this state which is a party to a merger
or consolidation shall on or before the effective date thereof file with the superintendent
a copy of the agreement. If the surviving company is, at the effective date of the merger or consolidation,
licensed as an insurer in this state its license shall continue in effect as though
no merger or consolidation had taken place, and on request the superintendent shall
transfer to it any additional licenses issued by this state and then held by any nonsurviving
insurer which is a party to the merger or consolidation. Revocation or suspension of any of such licenses shall be made only pursuant to
the procedures and on the grounds provided in this code, provided, that an additional
ground for revocation or suspension of license shall be that the merger or consolidation
may have the effect of substantially lessening competition or tending to create a
monopoly as to any line of insurance in this state. On receipt of a copy of the agreement of merger or consolidation to which this section
applies, the superintendent shall determine whether such revocation or suspension
proceedings should be commenced. In making such determination the superintendent may consider any information on
file with any agency, division or department of this or any other state, together
with any additional relevant information which shall be furnished by the company or
companies, pursuant to the superintendent's request. A determination that the merger or consolidation does not violate the additional
ground provided in this section shall be conclusively established by the lapse of
three months after the effective date of the merger or consolidation without commencement
of proceedings to revoke or suspend the license or licenses on that ground.
Frequently Asked Questions About Ohio § 3941.46
What does Ohio Revised Code § 3941.46 cover?
Section 3941.46 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 § 3941.46?
A common citation format is "Ohio Revised Code § 3941.46" (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 § 3941.46 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.