Ohio Code § 3931.05
Ohio Code § 3931.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3931.05.
Every attorney under section 3931.01 of the Revised Code shall create and maintain a reserve fund equal to fifty per cent of the amount of
advance premiums or deposits received and receivable on unexpired contracts of indemnity
running one year or less from date of issue, and a pro rata amount of premiums or
deposits received or receivable on unexpired contracts of indemnity running more than
one year from date of issue. If it appears to the superintendent of insurance that the assets, invested as permitted
by the laws regulating the investments of insurance companies, and moneys accumulated
by any such attorney, after deducting therefrom a reserve fund computed as provided
in this section, are less than the liabilities incurred and unpaid, such reserve fund
shall be restored within thirty days from the service of a requisition for that purpose
by the superintendent upon the attorney. If any such attorney or other person makes any advancements to restore any such
impairment, the claim for said advancements against his subscribers shall be deferred
to claims for losses. If such reserve fund is not restored as required, the superintendent may revoke
the license of the attorney.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3931.05
- 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 § 3931.05?
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 § 3931.05 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 § 3931.05 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Statutes are amended, repealed, and renumbered every session.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.