Ohio § 3953.06
Full text of Ohio Ohio Revised Code § 3953.06, with citation guidance and answers to common questions.
§ 3953.06.
Every title insurance company, prior to the issuance of any policy of title insurance
in this state, shall deposit with the superintendent of insurance, for the security
and protection of its policyholders in this state, fifty thousand dollars in bonds
of the United States or of this state, or of a county, township, or municipal corporation
in this state, which bonds shall not be received by the superintendent at a rate above
their par value. The securities deposited may be exchanged from time to time for other securities. So long as the company continues solvent and complies with the laws of this state,
it may collect the interest on the deposits. The deposit shall be governed by sections 3929.07 to 3929.09 of the Revised Code . A title guarantee and trust company organized and engaged in business in this state
under sections 1735.01 to 1735.04 of the Revised Code , as of August 6, 1941, which has on deposit with the treasurer of state the sum of
fifty thousand dollars, as provided in section 1735.03 of the Revised Code , may in addition to its other powers, write title insurance without making an additional
deposit therefor.
Frequently Asked Questions About Ohio § 3953.06
What does Ohio Revised Code § 3953.06 cover?
Section 3953.06 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 § 3953.06?
A common citation format is "Ohio Revised Code § 3953.06" (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 § 3953.06 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.