Ohio § 3955.12
Full text of Ohio Ohio Revised Code § 3955.12, with citation guidance and answers to common questions.
§ 3955.12.
(A) The Ohio insurance guaranty association shall be subrogated to the rights of any
person recovering under sections 3955.01 to 3955.19 of the Revised Code to the extent of the person's recovery from the association. Every insured or claimant seeking the protection of sections 3955.01 to 3955.19 of the Revised Code shall cooperate with the association to the same extent as such person would have
been required to cooperate with the insolvent insurer. Except as provided in division (B) of this section, the association shall have no
cause of action against the insured of the insolvent insurer for any sums the association
has paid out. (B)(1) The association has the right to recover from the following insureds or persons the
amount of any covered claim paid to or on behalf of those insureds or persons: (a) Any insured who is not a resident of this state at the time of the insured event,
except for first-party claims for property damage to an insured's property that is
permanently located in this state; (b) Any person that is an affiliate of the insolvent insurer. (2) The association has the right to recover from any insured of an insolvent insurer
for any sums the association has paid out as the result of an error. (C) The receiver, liquidator, or statutory successor of an insolvent insurer shall be
bound by settlements of covered claims by the association or a similar organization
in another state. The court having jurisdiction shall grant such claim priority equal to that which
the claimant would have been entitled in the absence of sections 3955.01 to 3955.19 of the Revised Code against the assets of the insolvent insurer. The expenses of the association or similar organization in handling claims shall
be accorded the same priority as the liquidator's expenses. (D) The association periodically shall file with the receiver or liquidator of an insolvent
insurer reports of the covered claims paid by the association and estimates of anticipated
claims on the association, which shall preserve the right to the association against
the assets of the insolvent insurer.
Frequently Asked Questions About Ohio § 3955.12
What does Ohio Revised Code § 3955.12 cover?
Section 3955.12 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 § 3955.12?
A common citation format is "Ohio Revised Code § 3955.12" (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 § 3955.12 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.