Ohio § 3960.05
Full text of Ohio Ohio Revised Code § 3960.05, with citation guidance and answers to common questions.
§ 3960.05.
(A) Sections 3955.01 to 3955.19 of the Revised Code do not apply to risk retention groups. No risk retention group shall be required or permitted to join or contribute financially
to the Ohio insurance guaranty association or similar mechanism in this state. No risk retention group, or its insureds or claimants against its insureds, shall
receive any benefit from any such association or mechanism for claims arising under
the insurance policies issued by the risk retention group. (B) When the laws of this state or any of its political subdivisions require any person
to obtain liability insurance as a condition of licensure, approval, permission, or
other authorization, the insurance may be obtained from a risk retention group as
defined in division (J) of section 3960.01 of the Revised Code , if the public agency administering those laws has made a determination that the
protection of the Ohio insurance guaranty association provided by Chapter 3955. of
the Revised Code is not necessary and that insurance provided by a risk retention
group is acceptable to the public agency under the standards of the law that it administers. (C) When a purchasing group obtains insurance covering its members' risks from an insurer
not authorized in this state or a risk retention group, the risks are not covered
by any insurance guaranty association or similar mechanism in this state. (D) When a purchasing group obtains insurance covering its members' risks from an authorized
insurer, only risks resident or located in this state shall be covered by the state
guaranty association subject to Chapter 3955. of the Revised Code.
Frequently Asked Questions About Ohio § 3960.05
What does Ohio Revised Code § 3960.05 cover?
Section 3960.05 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 § 3960.05?
A common citation format is "Ohio Revised Code § 3960.05" (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 § 3960.05 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.