Ohio Code § 3929.07
Ohio Code § 3929.07. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3929.07.
An insurance company that is required by division (B) of section 3929.01 or section 3953.06 of the Revised Code to deposit fifty thousand dollars of bonds with the superintendent of insurance may,
in lieu of that deposit, make a deposit of one hundred thousand dollars, in securities
in which the company may invest its assets by the laws of the state in which it is
incorporated, with the superintendent of insurance or other officer of another state,
designated or permitted by the laws of that state to receive the deposit, for the
benefit and security of all its policyholders. When the superintendent of insurance of this state is satisfied by the certificate
of the superintendent of insurance or other officer of the other state that the deposit
has been made, he shall accept the certificate in lieu of the deposit required of
the company by division (B) of section 3929.01 or section 3953.06 of the Revised Code , and the company need not then maintain the deposit provided for in those sections.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3929.07
- 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 § 3929.07?
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 § 3929.07 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 § 3929.07 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Statutes are amended, repealed, and renumbered every session.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.