Ohio Code § 3953.06
Ohio Code § 3953.06. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3953.06.
Every title insurance company, prior to the issuance of any policy of title insurance
in this state, shall deposit with the superintendent of insurance, for the security
and protection of its policyholders in this state, fifty thousand dollars in bonds
of the United States or of this state, or of a county, township, or municipal corporation
in this state, which bonds shall not be received by the superintendent at a rate above
their par value. The securities deposited may be exchanged from time to time for other securities. So long as the company continues solvent and complies with the laws of this state,
it may collect the interest on the deposits. The deposit shall be governed by sections 3929.07 to 3929.09 of the Revised Code . A title guarantee and trust company organized and engaged in business in this state
under sections 1735.01 to 1735.04 of the Revised Code , as of August 6, 1941, which has on deposit with the treasurer of state the sum of
fifty thousand dollars, as provided in section 1735.03 of the Revised Code , may in addition to its other powers, write title insurance without making an additional
deposit therefor.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3953.06
- 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 § 3953.06?
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 § 3953.06 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 § 3953.06 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Statutes are amended, repealed, and renumbered every session.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.