Ohio Code § 3918.08
Ohio Code § 3918.08. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3918.08.
(A) Each insurer issuing credit life insurance or credit accident and health insurance
shall file with the superintendent of insurance its schedules of premium rates for
use in connection with such insurance. Any insurer may revise such schedules from time to time, and shall file such revised
schedules with the superintendent. No insurer shall issue any credit life insurance policy for which the premium rate
exceeds that determined by the schedules of such insurer as then on file with the
superintendent. The superintendent may require the filing of the schedule of premium rates for use
in connection with and as a part of the specific policy filings as provided by section 3918.07 of the Revised Code . (B) Each individual policy, group certificate, or notice of proposed insurance shall
provide that in the event of termination of the insurance prior to the scheduled maturity
date of the indebtedness, any refund of an amount paid by the debtor for insurance
shall be paid or credited promptly to the person entitled thereto; provided, that
the superintendent shall prescribe a minimum refund and no refund which would be less
than such minimum need be made. The formula to be used in computing such refund shall be filed with and approved by
the superintendent. (C) If a creditor requires a debtor to make any payment for credit life insurance or
credit accident and health insurance and an individual policy or group certificate
of insurance is not issued, the creditor shall immediately give written notice to
such debtor and shall promptly make an appropriate credit to the account. (D) The amount charged to a debtor for credit life or credit accident and health insurance
shall not exceed the premium charged by the insurer, as computed at the time the charge
to the debtor is determined. No dividend or rate credit with respect to premiums payable during a calendar or
policy year shall be granted by an insurer prior to the end of such calendar or policy
year and then only retrospectively based upon experience.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3918.08
- 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 § 3918.08?
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 § 3918.08 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 § 3918.08 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.