Ohio Code § 3901.75
Ohio Code § 3901.75. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3901.75.
When any insurance company or corporation other than life, which company or corporation
has made a deposit with the superintendent of insurance, intends to discontinue its
business in this state, the superintendent, upon the application of the company or
corporation, shall give notice at its expense of such intention at least once a week
for six weeks in three newspapers of general circulation in the state. After such publication, the superintendent shall deliver to the company or association
its securities held by the superintendent, if the superintendent is satisfied by the
affidavits of the principal officers of the company, and on an examination made by
the superintendent or by some competent, disinterested person appointed by the superintendent
if the superintendent deems it necessary, that all liabilities and obligations which
the deposit has been made to secure have been paid and extinguished. The superintendent may deliver to the company or its assigns, under like condition,
any portion of the securities on being satisfied that an equal proportion of the liabilities
and obligations have been satisfied, if the amount of securities retained by the superintendent
is not less than twice the amount of the remaining liabilities and obligations.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3901.75
- 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 § 3901.75?
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 § 3901.75 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 § 3901.75 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Statutes are amended, repealed, and renumbered every session.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.