Ohio § 3960.08
Full text of Ohio Ohio Revised Code § 3960.08, with citation guidance and answers to common questions.
§ 3960.08.
(A) No purchasing group shall purchase insurance from a risk retention group that is
not chartered, or from an insurer that is not admitted to do business, in the state
in which the purchasing group is located, unless the purchase is effected through
an agent or broker licensed in this state to sell surplus lines. (B)(1) A purchasing group that obtains liability insurance from an insurer not admitted
in this state or a risk retention group shall inform, as provided in division (B)(2)
of this section, each of the members of such group that have a risk resident or located
in this state that the risk is not protected by an insurance insolvency guaranty association
or mechanism in this state, and that the risk retention group or insurer may not be
subject to all insurance laws and regulations of this state. (2)(a) Every application form for insurance from a purchasing group and every policy or
certificate of insurance issued by a purchasing group shall contain in ten-point type
on the front page the following notice: “Notice Your risk is not protected by the state insurance insolvency fund, and the insurer
or the risk retention group from which your purchasing group obtained its insurance
may not be subject to all of the insurance laws and rules of this state.” (b) No purchasing group shall fail to comply with the notice requirements of division
(B)(2)(a) of this section. (C) No purchasing group shall purchase insurance providing for a deductible or self-insured
retention applicable to the group as a whole. Coverage may provide for a deductible or self-insured retention applicable to individual
members.
Frequently Asked Questions About Ohio § 3960.08
What does Ohio Revised Code § 3960.08 cover?
Section 3960.08 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 § 3960.08?
A common citation format is "Ohio Revised Code § 3960.08" (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 § 3960.08 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.