Ohio Code 3999.38 – Prohibiting payment of dividend when insurer is impaired
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No insurer shall knowingly declare or pay any dividend whenever the insurer is impaired. For purposes of this section, “insurer” also includes any person doing the business of insurance in this state.
Terms Used In Ohio Code 3999.38
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- state: means the state of Ohio. See Ohio Code 1.59