Ohio Code § 3901.67
Ohio Code § 3901.67. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3901.67.
As used in sections 3901.67 to 3901.70 of the Revised Code : (A) “ Material acquisition ” means an acquisition, or a series of related acquisitions during any thirty-day
period, that is nonrecurring and not in the ordinary course of business and involves
more than five per cent of the reporting insurer's total admitted assets as reported
in its most recent statutory financial statement filed with the department of insurance. (B) “ Material disposition ” means a disposition, or a series of related dispositions during any thirty-day period,
that is nonrecurring and not in the ordinary course of business and involves more
than five per cent of the reporting insurer's total admitted assets as reported in
its most recent statutory financial statement filed with the department of insurance. (C) “ Material nonrenewal, cancellation, or revision of ceded reinsurance agreements ” means a nonrenewal, cancellation, or revision of ceded insurance that affects more
than fifty per cent of an insurer's ceded written premium, or more than fifty per
cent of an insurer's total ceded indemnity and loss adjustment reserves, for property
and casualty business, including accident and health business when written as such.
“ Material nonrenewal, cancellation, or revision of ceded reinsurance agreements ” also means a nonrenewal, cancellation, or revision of ceded insurance that affects
more than fifty per cent of the total reserve credit taken for business ceded for
life, annuity, and accident and health business, where the ceded written premium or
total reserve credit taken is calculated on an annualized basis as indicated in the
insurer's most recently filed statutory financial statement. A nonrenewal, cancellation, or revision of ceded insurance is not material for property
and casualty business, including accident and health business when written as such,
if the insurer's total ceded written premium represents, on an annualized basis, less
than ten per cent of its total written premium for direct and assumed business. A nonrenewal, cancellation, or revision of ceded insurance is not material for life,
annuity, and accident and health business, if the total reserve credit taken for business
ceded represents less than ten per cent of the statutory reserve requirements prior
to any cession.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3901.67
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 3901.67?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 3901.67 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 3901.67 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.