Ohio Code § 3960.08
Ohio Code § 3960.08. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3960.08.
(A) No purchasing group shall purchase insurance from a risk retention group that is
not chartered, or from an insurer that is not admitted to do business, in the state
in which the purchasing group is located, unless the purchase is effected through
an agent or broker licensed in this state to sell surplus lines. (B)(1) A purchasing group that obtains liability insurance from an insurer not admitted
in this state or a risk retention group shall inform, as provided in division (B)(2)
of this section, each of the members of such group that have a risk resident or located
in this state that the risk is not protected by an insurance insolvency guaranty association
or mechanism in this state, and that the risk retention group or insurer may not be
subject to all insurance laws and regulations of this state. (2)(a) Every application form for insurance from a purchasing group and every policy or
certificate of insurance issued by a purchasing group shall contain in ten-point type
on the front page the following notice: “Notice Your risk is not protected by the state insurance insolvency fund, and the insurer
or the risk retention group from which your purchasing group obtained its insurance
may not be subject to all of the insurance laws and rules of this state.” (b) No purchasing group shall fail to comply with the notice requirements of division
(B)(2)(a) of this section. (C) No purchasing group shall purchase insurance providing for a deductible or self-insured
retention applicable to the group as a whole. Coverage may provide for a deductible or self-insured retention applicable to individual
members.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3960.08
- 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 § 3960.08?
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 § 3960.08 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 § 3960.08 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.