Ohio Code § 3901.74
Ohio Code § 3901.74. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3901.74.
When a life insurance company doing business in this state decides to discontinue
its business, the superintendent of insurance upon the application of the company
or association shall give notice, at its expense, of such intention at least once
a week for six weeks in a newspaper published and of general circulation in the county
in which the company or its general agency is located. After such publication, the superintendent shall deliver to the company or association
its securities held by the superintendent, if the superintendent is satisfied on an
exhibition of its books and papers, and on an examination made by the superintendent
or by some competent, disinterested person appointed by the superintendent, and upon
the oath of the president or principal officer and the secretary or actuary of the
company, that all debts and liabilities due or to become due upon any contract or
agreement made with any citizen or resident of the United States are paid and extinguished. The superintendent may deliver to the company or association or its assigns any
portion of the securities on being satisfied that an equal proportion of the debts
and liabilities due or to become due upon any such contract or agreement have been
satisfied, if the amount of securities retained by the superintendent is not less
than twice the amount of the remaining liabilities.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3901.74
- 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 § 3901.74?
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 § 3901.74 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 § 3901.74 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Statutes are amended, repealed, and renumbered every session.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.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.