Ohio § 3960.04
Full text of Ohio Ohio Revised Code § 3960.04, with citation guidance and answers to common questions.
§ 3960.04.
(A)(1) Every application form for insurance from a risk retention group and every policy
or certificate of insurance issued by a risk retention group shall contain in ten-point
type on the front page and the declaration page, the following notice: “Notice This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations
of your state. State insurance insolvency guaranty funds are not available for your risk retention
group.” (2) No risk retention group shall fail to comply with the notice requirement of division
(A)(1) of this section. (B) No risk retention group shall do any of the following: (1) Solicit or sell insurance to a person who is not eligible for membership in it; (2) Solicit or sell insurance or operate as a risk retention group if it is in a hazardous
financial condition or is financially impaired. (C) No risk retention group shall do business in this state if an insurance company is
directly or indirectly a member or owner of the risk retention group, except if all
of the members of the risk retention group are insurance companies. (D) The terms of any insurance policy issued by any risk retention group shall not provide,
or be construed to provide, coverage prohibited generally by statute of this state
or declared unlawful by the highest court of the state whose law applies to the policy. (E) Sections 3901.19 to 3901.26 of the Revised Code apply to risk retention groups and to their agents and representatives.
Frequently Asked Questions About Ohio § 3960.04
What does Ohio Revised Code § 3960.04 cover?
Section 3960.04 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 § 3960.04?
A common citation format is "Ohio Revised Code § 3960.04" (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 § 3960.04 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.