Ohio Code § 3918.06

§ 3918.06.

(A) All credit life insurance and credit accident and health insurance sold shall be

evidenced by an individual policy, or in the case of group insurance by a certificate

of insurance, which individual policy or group certificate of insurance shall be delivered

to the debtor. (B) Each individual policy or group certificate of credit life insurance, or credit accident

and health insurance, or both shall, in addition to other requirements of law, set

forth the name and home office address of the insurer, and the identity by name or

otherwise of the person or persons insured, the rate or amount of payment, if any,

by the debtor separately for credit life insurance and credit accident and health

insurance, a description of the amount, term, and coverage including any exceptions,

limitations, or restrictions, and shall state that the benefits shall be paid to the

creditor to reduce or extinguish the unpaid indebtedness, and, wherever the amount

of insurance may exceed the unpaid indebtedness, that any such excess shall be payable

to a beneficiary, other than the creditor, named by the debtor or to his estate. (C) Said individual policy or group certificate of insurance shall be delivered to the

insured debtor at the time the indebtedness is incurred, except as provided in division

(D) of this section. (D) If said individual policy or group certificate of insurance is not delivered to the

debtor at the time the indebtedness is incurred, a copy of the application for such

policy or a notice of proposed insurance, signed by the debtor and setting forth the

name and home office address of the insurer, the identity by name or otherwise of

the person or persons insured, the rate or amount of payment by the debtor, if any,

separately for credit life insurance and credit accident and health insurance, a description

of the amount, term, and coverage provided, shall be delivered to the debtor at the

time such indebtedness is incurred.  The copy of the application for, or notice of proposed insurance, shall refer exclusively

to insurance coverage, and shall be separate and apart from the loan, sale, or other

credit statement of account, instrument, or agreement, unless the information required

by this subsection is prominently set forth therein.  Upon acceptance of the insurance by the insurer and within thirty days of the date

upon which the indebtedness is incurred, the insurer shall cause the individual policy

or group certificate of insurance to be delivered to the debtor.  Said application or notice of proposed insurance shall state that upon acceptance

by the insurer, the insurance shall become effective as provided in section 3918.05 of the Revised Code .