Ohio Code § 3903.31

Ohio Code § 3903.31. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 3903.31.

(A) As soon as practicable but not more than two years from the date of an order of liquidation

under section 3903.18 of the Revised Code of an insurer issuing assessable policies, the liquidator shall make a report to

the court setting forth all of the following: (1) The reasonable value of the assets of the insurer; (2) The insurer's probable total liabilities; (3) The probable aggregate amount of the assessment necessary to pay all claims of creditors

and expenses in full, including expenses of administration and costs of collecting

the assessment; (4) A recommendation as to whether or not an assessment should be made and in what amount. (B)(1) Upon the basis of the report provided in division (A) of this section, including

any supplements and amendments thereto, the court may levy one or more assessments

against all members of the insurer who are subject to assessment. (2) Subject to any applicable legal limits on assessability, the aggregate assessment

shall be for the amount that the sum of the probable liabilities, the expenses of

administration, and the estimated cost of collection of the assessment, exceeds the

value of existing assets, with due regard being given to assessments that cannot be

collected economically. (C) After levy of assessment under division (B) of this section, the liquidator shall

issue an order directing each member who has not paid the assessment pursuant to the

order to show cause why the liquidator should not pursue a judgment therefor. (D) The liquidator shall give notice of the order to show cause by publication and by

first class mail to each member liable thereunder mailed to his last known address

as it appears on the insurer's records, at least twenty days before the return day

of the order to show cause. (E)(1) If a member does not appear and serve duly verified objections upon the liquidator

on or before the return day of the order to show cause under division (C) of this

section, the court shall make an order adjudging the member liable for the amount

of the assessment against him, pursuant to division (C) of this section, together

with costs, and the liquidator shall have a judgment against the member therefor. (2) If on or before such return day, the member appears and serves duly verified objections

upon the liquidator, the superintendent of insurance may hear and determine the matter

or may appoint a referee to hear it and make such order as the facts warrant.  In the event that the superintendent determines that such objections do not warrant

relief from assessment, the member may, by motion, request the court to review the

matter and vacate the order to show cause. (F) The liquidator may enforce any order or collect any judgment under division (E) of

this section by any lawful means.

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 3903.31
  • 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 § 3903.31?

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 § 3903.31 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 § 3903.31 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.