Ohio Code § 3929.012
Ohio Code § 3929.012. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3929.012.
(A) Each insurance company authorized to transact business in this state, except any
life insurance company, shall maintain reserves in at least all of the following amounts: (1) An amount that equals the unearned portions of the gross premiums charged on unexpired
or unterminated risks and policies; (2) An amount that is estimated to be sufficient to provide for the ultimate payment
of all losses or claims, whether reported or unreported, for which the company may
be liable, if the losses or claims are incurred on or before the date that the annual
or interim financial statement is filed and remain unpaid as of that date. (3) An amount that is estimated to provide for the expenses incurred in adjusting or
settling the claims described in division (A)(2) of this section. (B) Each company shall calculate the reserves required under division (A) of this section
in accordance with any rules adopted, in accordance with Chapter 119. of the Revised
Code, by the superintendent of insurance.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3929.012
- 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 § 3929.012?
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 § 3929.012 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 § 3929.012 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Statutes are amended, repealed, and renumbered every session.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.
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