Ohio Code § 3903.58
Ohio Code § 3903.58. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3903.58.
(A) In a liquidation proceeding in this state involving one or more reciprocal states,
the order of distribution of the domiciliary state shall control as to all claims
of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal priority of payment
from assets regardless of where such assets are located. (B) The owners of special deposit claims against an insurer for which a liquidator is
appointed in this or any other state shall be given priority against the special deposits
in accordance with the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit, so that the claims secured by it are not
fully discharged from it, the claimants may share in the assets, but the sharing shall
be deferred until general creditors, and also claimants against other special deposits
who have received smaller percentages from their respective special deposits, have
been paid percentages of their claims equal to the percentage paid from the special
deposit. (C) The owner of a secured claim against an insurer for which a liquidator has been appointed
in this or any other state may surrender his security and file his claim as a general
creditor, or the claim may be discharged by resort to the security in accordance with section 3903.41 of the Revised Code , in which case the deficiency, if any, shall be treated as a claim against the assets
of the insurer on the same basis as claims of unsecured creditors.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3903.58
- 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 § 3903.58?
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 § 3903.58 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 § 3903.58 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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