Ohio Code § 3911.09
Ohio Code § 3911.09. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3911.09.
(A) Any person may procure, authorize procurement of, or effect an insurance on the person's
life, for any definite period of time or for the term of the person's natural life,
to inure to the benefit of the person's spouse and children, or either, or other persons
dependent upon such person, or an institution or entity described in division (B)(1)
of this section, or any creditor the person causes to be appointed and provided for
in the policy. (B)(1) Any religious, charitable, scientific, literary, educational, or other institution
or entity that is described in section 170, 501(c)(3), 2055, or 2522 of the “Internal
Revenue Code of 1986,” 100 Stat. 2085, 26 U.S.C.A. 170 , 501 , 2055 , 2522 , as amended, may be the owner of, or may be designated beneficiary in, any policy
of life insurance issued upon the life or lives of one or more individuals. Any such institution or entity has an insurable interest in the life of each insured
and is entitled to enforce all rights and collect all benefits to which it is entitled
pursuant to the policy. (2) With respect to any policy of life insurance delivered or issued for delivery in
this state before the effective date of this amendment and in which any institution
or entity described in division (B)(1) of this section has been designated owner of
or beneficiary, the institution or entity has an insurable interest in the life of
each insured and is entitled to enforce all rights and collect all benefits to which
it is entitled pursuant to the policy. (3) With respect to any transfer of ownership or designation of beneficiary executed
before the effective date of this amendment and in which any institution or entity
described in division (B)(1) of this section has been designated owner or beneficiary,
the institution or entity has an insurable interest in the life of each insured and
is entitled to enforce all rights and collect all benefits to which it is entitled
pursuant to the policy under which the transfer or designation was executed.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3911.09
- 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 § 3911.09?
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 § 3911.09 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 § 3911.09 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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