Ohio Code § 3903.53
Ohio Code § 3903.53. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3903.53.
(A) If a domiciliary liquidator has been appointed for an insurer not domiciled in this
state, the superintendent of insurance may file a complaint in the court of common
pleas requesting appointment as ancillary receiver in this state if both of the following
apply: (1) There are sufficient assets of the insurer located in this state to justify the appointment
of an ancillary receiver; (2) The protection of creditors or policyholders in this state so requires. (B) The court may issue an order appointing an ancillary receiver in whatever terms it
shall consider appropriate. Persons dealing with the property of the insurer are charged with notice of the
order appointing an ancillary receiver from the time when the judgment ordering the
appointment is filed under Civil Rule 58 , or a certified copy of the judgment is filed under Civil Rule 3(F) , with the clerk of the court of common pleas of the county in which the property
is located. (C) When a domiciliary liquidator has been appointed in a reciprocal state, then the
ancillary receiver appointed in this state may, whenever necessary, aid and assist
the domiciliary liquidator in recovering assets of the insurer located in this state. The ancillary receiver shall, as soon as practicable, liquidate from their respective
securities those special deposit claims and secured claims which are proved and allowed
in the ancillary proceedings in this state, and shall pay the necessary expenses of
the proceedings. He shall promptly transfer all remaining assets, books, accounts, and records to
the domiciliary liquidator. Subject to this section, the ancillary receiver and his deputies shall have the
same powers and be subject to the same duties with respect to the administration of
assets as a liquidator of an insurer domiciled in this state. (D) When a domiciliary liquidator has been appointed in this state, ancillary receivers
appointed in reciprocal states shall have, as to assets and books, accounts, and other
records in their respective states, corresponding rights, duties, and powers to those
provided in division (C) of this section for ancillary receivers appointed in this
state.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3903.53
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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
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What subject does Ohio Revised Code § 3903.53 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 § 3903.53 still in force?
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