Ohio Code § 3960.04

§ 3960.04.

(A)(1) Every application form for insurance from a risk retention group and every policy

or certificate of insurance issued by a risk retention group shall contain in ten-point

type on the front page and the declaration page, the following notice: “Notice This policy is issued by your risk retention group.  Your risk retention group may not be subject to all of the insurance laws and regulations

of your state.  State insurance insolvency guaranty funds are not available for your risk retention

group.” (2) No risk retention group shall fail to comply with the notice requirement of division

(A)(1) of this section. (B) No risk retention group shall do any of the following: (1) Solicit or sell insurance to a person who is not eligible for membership in it; (2) Solicit or sell insurance or operate as a risk retention group if it is in a hazardous

financial condition or is financially impaired. (C) No risk retention group shall do business in this state if an insurance company is

directly or indirectly a member or owner of the risk retention group, except if all

of the members of the risk retention group are insurance companies. (D) The terms of any insurance policy issued by any risk retention group shall not provide,

or be construed to provide, coverage prohibited generally by statute of this state

or declared unlawful by the highest court of the state whose law applies to the policy. (E) Sections 3901.19 to 3901.26 of the Revised Code apply to risk retention groups and to their agents and representatives.