Ohio Code § 1751.28
Ohio Code § 1751.28. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1751.28.
(A)(1) Every health insuring corporation authorized to provide basic health care services,
which health insuring corporation is not a provider sponsored organization, shall
maintain total admitted assets equal to at least one hundred ten per cent of the liabilities
of the corporation. However, at no time shall the corporation's net worth be less than one million two
hundred thousand dollars. (2) Every health insuring corporation authorized to provide only supplemental health
care services shall maintain total admitted assets equal to at least one hundred ten
per cent of the liabilities of the corporation. However, at no time shall the corporation's net worth be less than five hundred
thousand dollars. (3) Every health insuring corporation authorized to provide only specialty health care
services shall maintain total admitted assets equal to at least one hundred ten per
cent of the liabilities of the corporation. However, at no time shall the corporation's net worth be less than two hundred fifty
thousand dollars. (4) Every health insuring corporation authorized to provide both basic health care services
and supplemental health care services, which health insuring corporation is not a
provider sponsored organization, shall maintain total admitted assets equal to at
least one hundred ten per cent of the liabilities of the corporation. However, at no time shall the corporation's net worth be less than one million seven
hundred thousand dollars. (5) Every health insuring corporation authorized to provide both basic health care services
and specialty health care services, which health insuring corporation is not a provider
sponsored organization, shall maintain total admitted assets equal to at least one
hundred ten per cent of the liabilities of the corporation. However, at no time shall the corporation's net worth be less than one million four
hundred fifty thousand dollars. (6) Every health insuring corporation authorized to provide basic health care services,
which health insuring corporation is a provider sponsored organization, shall maintain
total admitted assets equal to at least one hundred ten per cent of the liabilities
of the corporation. However, at no time shall the corporation's net worth be less than one million dollars. (7) Every health insuring corporation authorized to provide both basic health care services
and supplemental health care services, which health insuring corporation is a provider
sponsored organization, shall maintain total admitted assets equal to at least one
hundred ten per cent of the liabilities of the corporation. However, at no time shall the corporation's net worth be less than one million five
hundred thousand dollars. (8) Every health insuring corporation authorized to provide both basic health care services
and specialty health care services, which health insuring corporation is a provider
sponsored organization, shall maintain total admitted assets equal to at least one
hundred ten per cent of the liabilities of the corporation. However, at no time shall the corporation's net worth be less than one million two
hundred fifty thousand dollars. (B) The net worth otherwise required by this section shall be reduced by an amount representing
credit given to reserve liabilities when a health insuring corporation carries reinsurance
with an admitted reinsurer. However, such an amount shall not affect the minimum amounts set forth in this section
and section 1751.27 of the Revised Code . (C) A health insuring corporation may only consider those admitted assets in connection
with this section that are consistent with the forms, instructions, and manuals for
the preparation and reporting of statutory financial statements and other financial
information set forth in section 1751.47 of the Revised Code and any rules adopted under that section. (D) All health insuring corporations must comply with this section, as amended, for calendar
year 2004 and each calendar year thereafter.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1751.28
- 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 § 1751.28?
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 § 1751.28 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 § 1751.28 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.