Ohio Code § 1109.34

§ 1109.34.

(A) A state bank may invest in the securities of a domestic insurance company organized

under Chapter 3907. or 3925. of the Revised Code, regulated by the superintendent

of insurance under Title XXXIX of the Revised Code and engaged exclusively in the

business of reinsuring risks, to the extent permitted by and subject to limitations

and restrictions imposed by the superintendent of financial institutions by rules

adopted in accordance with Chapter 119. of the Revised Code. (B)(1) The total amount any state bank may invest in the common and preferred stock, obligations,

and other securities of domestic insurance companies pursuant to division (A) of this

section shall not exceed ten per cent of the bank's assets. (2) A state bank may file an application with the superintendent of financial institutions

for permission to invest, subject to the conditions and requirements prescribed by

the superintendent of financial institutions, an amount in excess of ten per cent

of the bank's capital in the common and preferred stock, bonds, debentures, and other

obligations of one domestic insurance company pursuant to division (A) of this section. (C) A state bank making investments pursuant to division (A) of this section shall report

the investments annually on the first day of March to the superintendent of financial

institutions and the superintendent of insurance.  The report shall include, for each reinsurer in which the bank has made an investment,

information as to the amount of reinsurance written in this state by each line of

insurance designated by the superintendent of insurance.