Ohio Code 3921.29 – Foreign or alien benefit society license
No foreign or alien fraternal benefit society shall transact business in this state without a license issued by the superintendent of insurance. Any such society may be licensed to transact business in this state upon filing all of the following with the superintendent:
Terms Used In Ohio Code 3921.29
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Certificate: means the document issued as written evidence of the benefit contract. See Ohio Code 3921.01
- state: means the state of Ohio. See Ohio Code 1.59
(A) A duly certified copy of its articles of incorporation;
(B) A copy of its bylaws certified by its secretary or corresponding officer;
(C) A written appointment of an agent as prescribed in section 3921.35 of the Revised Code;
(D) A statement of its business made under oath of its president and secretary or corresponding officers in a form prescribed by the superintendent and duly verified by an examination made by the supervising insurance official of its state of domicile or of any other state, district, territory, province, or country, which examination is satisfactory to the superintendent;
(E) Certification from the proper official of its state, district, territory, province, or country of domicile that the society is legally incorporated and licensed to transact business in that state, district, territory, province, or country;
(F) Copies of its certificate forms;
(G) A description of its investments that shows that its assets are invested in accordance with this chapter;
(H) Any other information the superintendent considers necessary.