Ohio Code 3919.32 – Restriction against new accident and health companies
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No corporation, company, or association shall be organized in this state or admitted to do business in this state to transact the business of sickness and accident insurance, as provided in section 3919.31 of the Revised Code, or accident insurance, as provided in section 3919.35 of the Revised Code.
Terms Used In Ohio Code 3919.32
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: means the state of Ohio. See Ohio Code 1.59
This section does not prevent the renewal of the certificates of authority of companies authorized to do such business in this state prior to May 26, 1939.