Ohio Code § 3911.10

§ 3911.10.

All contracts of life or endowment insurance or annuities upon the life of any person,

or any interest therein, which may hereafter mature and which have been taken out

for the benefit of, or made payable by change of beneficiary, transfer, or assignment

to, the spouse or children, or any persons dependent upon such person, or an institution

or entity described in division (B)(1) of section 3911.09 of the Revised Code , or any creditor, or to a trustee for the benefit of such spouse, children, dependent

persons, institution or entity, or creditor, shall be held, together with the proceeds

or avails of such contracts, subject to a change of beneficiary if desired, free from

all claims of the creditors of such insured person or annuitant.  Subject to the statute of limitations, the amount of any premium upon such contracts,

endowments, or annuities, paid in fraud of creditors, with interest thereon, shall

inure to their benefit from the proceeds of the contracts, but the company issuing

any such contract is discharged of all liability thereon by the payment of its proceeds

in accordance with its terms, unless, before such payment, written notice is given

to it by a creditor, specifying the amount of the claim and the premiums which the

creditor alleges have been fraudulently paid.