Ohio Code § 5725.21

§ 5725.21.

A fraternal benefit society organized and existing under the laws of this state that

issues insurance certificates, but is exempt from Chapter 3921. of the Revised Code,

shall for the purpose of sections 5725.01 to 5725.26 of the Revised Code , file annually with the superintendent of insurance a report of valuation of its

certificates, in the form required by the superintendent of fraternal benefit societies

subject to the requirements of Chapter 3921. of the Revised Code, and the superintendent

shall determine the admitted and nonadmitted assets and liabilities of the fraternal

benefit society on the same basis on which the admitted and nonadmitted assets and

liabilities of other fraternal benefit societies are determined. Sections 5725.18 to 5725.21 and section 5725.25 of the Revised Code do not apply to any other domestic insurance company that is not required by law,

or by election made pursuant to law, to file annual reports with the superintendent

nor to associations or corporations organized not for profit that admit to membership

only employees of a person, firm, or corporation or employees of a group of employers

engaged in the same or similar lines of business, who seek to provide indemnity among

their members for loss from, or to provide a benefit in the event of, accident, sickness,

or death of any of their number, whether by means of the exchange of private contracts

between themselves or by the exchange of contracts between themselves and a corporation

or association created for their protection and not for profit.