Ohio Code § 3930.07
Ohio Code § 3930.07. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3930.07.
(A) Upon a determination by the board of governors that the Ohio commercial insurance
joint underwriting association will be unable to pay its incurred obligations in any
class of commercial insurance, the board shall certify to the superintendent of insurance
the existence of this condition. Within ten days of board certification, the board shall file with the superintendent
a schedule of assessments for the collection of a loss contingency fund from association
policyholders of that class for the purpose of payment of such obligations. If a majority consisting of two-thirds of the members of the board approve the schedule
of assessments, it shall become final on the date that it is filed with the superintendent. If less than a two-thirds majority approve the schedule of assessments, it shall
become final within fifteen days of filing unless disapproved by the superintendent. The board shall levy the assessments on policyholders and provide for their collection. Failure of any such policyholder to make prompt payment of the assessment shall
be cause for cancellation of coverage. (B) Within sixty days after board certification as provided for in division (A) of this
section, the superintendent shall direct the board to perform an actuarial review
of existing coverages, rates, reserves, and assessments of the affected class of commercial
insurance.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3930.07
- 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 § 3930.07?
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 § 3930.07 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 § 3930.07 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.