Ohio Code § 3929.02
Ohio Code § 3929.02. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3929.02.
(A) No insurer authorized to engage in the business of property and casualty insurance
in this state under Chapter 3925., 3929., or 3941. of the Revised Code, and no reinsurer
authorized to do business in this state, shall incur on any single risk, on behalf
of or on account of any one person, a liability for either of the following amounts: (1) With respect to any stock company, an amount greater than one-tenth of its paid-up
capital and surplus; (2) With respect to any mutual company, an amount greater than one-tenth of its surplus. (B) For purposes of calculating the amount of liability incurred on any single risk,
a deduction shall be made for any reinsurance ceded to an authorized reinsurer. (C) For purposes of calculating the amount of liability incurred by an alien insurer
on any single risk, the calculation shall be made in accordance with divisions (A)
and (B) of this section and shall be based solely on the insurer's United States branch.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3929.02
- 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 § 3929.02?
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 § 3929.02 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 § 3929.02 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Statutes are amended, repealed, and renumbered every session.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.