Ohio Code § 3903.16
Ohio Code § 3903.16. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3903.16.
(A) Whenever the superintendent of insurance believes rehabilitation of an insurer would
substantially increase the risk of loss to creditors, policyholders, or the public,
or would be futile, the superintendent may file a motion in the court of common pleas
for an order of liquidation. A motion under this division has the same effect as a complaint under section 3903.17 of the Revised Code . The court shall permit the directors of the insurer to take such actions as are
reasonably necessary to defend against the motion and may order payment from the estate
of the insurer of such costs and other expenses of defense as justice may require. (B) The court may at any time, upon motion of the rehabilitator, enter an order terminating
rehabilitation of an insurer. The court may also, upon motion of the directors of the insurer, enter an order
terminating rehabilitation of the insurer and may order payment from the estate of
the insurer of such costs and other expenses of such motion as justice may require. If the court finds that rehabilitation has been accomplished and that grounds for
rehabilitation under section 3903.12 of the Revised Code no longer exist, it shall order that the insurer be restored to possession of its
property and the control of its business. The court may also make such a finding and issue such an order at any time upon
its own motion.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3903.16
- 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 § 3903.16?
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 § 3903.16 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 § 3903.16 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?
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