Ohio Code § 3916.02
Ohio Code § 3916.02. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3916.02.
(A) Notwithstanding division (C) of this section, no person shall operate in this state
as a viatical settlement provider or viatical settlement broker without first having
obtained a license from the superintendent of insurance and, if the owner of the policy
to be viaticated is not a resident of this state, from the comparable official of
the state of residence of the owner if that state issues licenses for viatical settlement
providers or viatical settlement brokers. (B)(1) If there is more than one owner on a single policy and the owners are residents of
different states, the viatical settlement contract shall be governed by the law of
the state in which the owner having the largest percentage ownership of the policy
resides or, if the owners hold equal ownership, the state of residence of one owner
agreed upon in writing by all owners. (2) If the viator is a resident of this state, all agreements to be signed by the viator
shall provide exclusive jurisdiction to courts of this state and the laws of this
state shall govern the agreements. Nothing in the agreements shall abrogate the viator's right to a trial by jury. (C)(1) A person who represents the viator and is not compensated directly or indirectly
by the viatical settlement provider or viatical settlement purchaser, who is licensed
as an attorney, certified public accountant, or financial planner accredited by a
nationally recognized accreditation agency may negotiate viatical settlement contracts
on behalf of a viator without obtaining a license pursuant to division (A) of this
section. (2) An individual insurance agent, in good standing, who has been licensed as a resident
or nonresident insurance agent with a life line of authority in this state for at
least five years may operate as a viatical settlement broker without obtaining a license
pursuant to division (A) of this section if the viatical settlement broker activities
of the insurance agent are incidental to the insurance agent's insurance business
activities.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3916.02
- 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 § 3916.02?
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 § 3916.02 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 § 3916.02 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.