Ohio Code § 3906.13

Ohio Code § 3906.13. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 3906.13.

(A) If the superintendent determines that an insurer's investment practices do not meet

the requirements of this chapter, the superintendent may, after notification to the

insurer of the superintendent's findings, order the insurer to make changes necessary

to comply with this chapter. (B) If the superintendent determines that the financial condition, current investment

practice, or current investment plan of an insurer are or may endanger the interests

of insureds, creditors, or the general public, the superintendent may impose reasonable

additional restrictions upon the admissibility or valuation of investments and may

impose restrictions on the investment practices of the insurer, including prohibiting

an investment or requiring the divestment of an investment. (C) The superintendent may count toward satisfaction of the minimum asset requirement

any assets that an insurer is required to invest under the laws of a country other

than the United States as a condition for doing business in that country if the superintendent

finds that counting them does not endanger the interests of the insurer's insureds

or creditors, or the general public. (D) If the superintendent is satisfied by evidence of the solidity of an insurer and

the competence of management and its investment advisors, the superintendent, after

a hearing, may, by order, adjust the class limitations prescribed in section 3906.08 of the Revised Code for that insurer, to the extent that the superintendent is satisfied that the interests

of the insurer's insureds and creditors and the general public are sufficiently protected.  Such adjustments, in aggregate, shall be limited to an amount equal to ten per cent

of the insurer's liabilities.

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 3906.13
  • 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 § 3906.13?

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 § 3906.13 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 § 3906.13 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.