Ohio Code § 5812.27
Ohio Code § 5812.27. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5812.27.
(A) Except as otherwise provided in division (B) of this section, a trustee shall allocate
to principal the proceeds of a life insurance policy or other contract in which the
trust or its trustee is named as beneficiary, including a contract that insures the
trust or its trustee against loss for damage to, destruction of, or loss of title
to a trust asset. The trustee shall allocate dividends on an insurance policy to income if the premiums
on the policy are paid from income, and to principal if the premiums are paid from
principal. (B) A trustee shall allocate to income proceeds of a contract that insures the trustee
against loss of occupancy or other use by an income beneficiary, loss of income, or,
subject to section 5812.20 of the Revised Code , loss of profits from a business. (C) This section does not apply to a contract to which section 5812.32 of the Revised Code applies.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5812.27
- 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 § 5812.27?
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 § 5812.27 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 § 5812.27 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Statutes are amended, repealed, and renumbered every session.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.