Ohio Code § 3903.24
Ohio Code § 3903.24. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3903.24.
(A) Upon entry of an order appointing a liquidator of a domestic insurer or of an alien
insurer domiciled in this state, no civil action shall be commenced against the insurer
or liquidator, whether in this state or elsewhere, nor shall any such existing actions
be maintained or further prosecuted after the entry of the order. The courts of this state shall give full faith and credit to injunctions against
the liquidator or the company or the continuation of existing actions against the
liquidator or the company, when such injunctions are included in an order to liquidate
an insurer issued pursuant to corresponding provisions in other states. Whenever in the liquidator's judgment, protection of the estate of the insurer necessitates
intervention in an action against the insurer that is pending outside this state,
he may intervene in the action. The liquidator may defend any action in which he intervenes under this section at
the expense of the estate of the insurer. (B) The liquidator may, upon or after an order for liquidation, within two years or such
time in addition to two years as applicable law may permit, commence an action or
proceeding on behalf of the estate of the insurer upon any cause of action against
which the period of limitation fixed by applicable law has not expired at the time
of the filing of the complaint upon which the order is entered. Where, by any agreement, a period of limitation is fixed for commencing a suit or
proceeding upon any claim, or for filing any claim, proof of claim, proof of loss,
demand, notice, or the like, or where in any proceeding, judicial or otherwise, a
period of limitation is fixed, either in the proceeding or by applicable law, for
taking any action, filing any claim or pleading, or doing any act, and where in any
such case the period had not expired at the date of the filing of the complaint, the
liquidator may, for the benefit of the estate, take any such action or do any such
act, required of or permitted to the insurer, within a period of one hundred eighty
days subsequent to the entry of an order for liquidation, or within such further period
as is shown to the satisfaction of the court not to be unfairly prejudicial to the
other party. (C) No statute of limitations or defense of laches shall run with respect to any action
against an insurer between the filing of a complaint for liquidation against an insurer
and the denial of the complaint. Any action against the insurer that might have been commenced when the complaint
was filed may be commenced for at least sixty days after the complaint is denied. (D) Any guaranty association or foreign guaranty association shall have standing to appear
in any court proceeding concerning the liquidation of an insurer if such association
is or may become liable to act as a result of the liquidation.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3903.24
- 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 § 3903.24?
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 § 3903.24 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 § 3903.24 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.
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