reglab/housing_qa huggingface dataset:
Ohio Rev Code § 3911.09 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.09 | Beneficiaries.

Effective: July 8, 1992|Latest Legislation:  House Bill 507 - 119th General Assembly|(A) Any person may procure, authorize procurement of, or effect an insurance on the person's life, for any definite period of time or for the term of the person's natural life, to inure to the benefit of the person's spouse and children, or either, or other persons dependent upon such person, or an institution or entity described in division (B)(1) of this section, or any creditor the person causes to be appointed and provided for in the policy.(B)(1) Any religious, charitable, scientific, literary, educational, or other institution or entity that is described in section 170, 501(c)(3), 2055, or 2522 of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 170, 501, 2055, 2522, as amended, may be the owner of, or may be designated beneficiary in, any policy of life insurance issued upon the life or lives of one or more individuals. Any such institution or entity has an insurable interest in the life of each insured and is entitled to enforce all rights and collect all benefits to which it is entitled pursuant to the policy.(2) With respect to any policy of life insurance delivered or issued for delivery in this state before the effective date of this amendment and in which any institution or entity described in division (B)(1) of this section has been designated owner of or beneficiary, the institution or entity has an insurable interest in the life of each insured and is entitled to enforce all rights and collect all benefits to which it is entitled pursuant to the policy.(3) With respect to any transfer of ownership or designation of beneficiary executed before the effective date of this amendment and in which any institution or entity described in division (B)(1) of this section has been designated owner or beneficiary, the institution or entity has an insurable interest in the life of each insured and is entitled to enforce all rights and collect all benefits to which it is entitled pursuant to the policy under which the transfer or designation was executed.
Ohio Rev Code § 3911.10 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.10 | Exemption of Proceeds From Claims of Creditors.

Effective: July 8, 1992|Latest Legislation:  House Bill 507 - 119th General Assembly|All contracts of life or endowment insurance or annuities upon the life of any person, or any interest therein, which may hereafter mature and which have been taken out for the benefit of, or made payable by change of beneficiary, transfer, or assignment to, the spouse or children, or any persons dependent upon such person, or an institution or entity described in division (B)(1) of section 3911.09 of the Revised Code, or any creditor, or to a trustee for the benefit of such spouse, children, dependent persons, institution or entity, or creditor, shall be held, together with the proceeds or avails of such contracts, subject to a change of beneficiary if desired, free from all claims of the creditors of such insured person or annuitant. Subject to the statute of limitations, the amount of any premium upon such contracts, endowments, or annuities, paid in fraud of creditors, with interest thereon, shall inure to their benefit from the proceeds of the contracts, but the company issuing any such contract is discharged of all liability thereon by the payment of its proceeds in accordance with its terms, unless, before such payment, written notice is given to it by a creditor, specifying the amount of the claim and the premiums which the creditor alleges have been fraudulently paid.
Ohio Rev Code § 3911.11 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.11 | Married Person May Insure Life of Spouse.

Effective: August 31, 1976|Latest Legislation:  Senate Bill 425 - 111th General Assembly|A married person may individually and in such person's own name, or in the name of a third person with assent as the third person's trustee, cause the life of the person's spouse to be insured for such person's sole use, for any definite period or for the term of the natural life of such spouse, and, if any person obtaining such insurance survives such period or term, the amount of insurance becoming due and payable by the terms of the insurance shall be payable to such person, free from the claims of the representatives of the spouse or any creditors of the spouse.
Ohio Rev Code § 3911.12 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.12 | Policy Assigned to a Married Person.

Effective: October 16, 1980|Latest Legislation:  House Bill 736 - 113th General Assembly|A policy of insurance on the life of any person, or any interest therein, assigned, transferred, or made payable to a married person, or to any person, firm, or corporation in trust for such married person or for such married person's benefit, whether such transfer is made by the spouse of such married person or by another person, shall inure to the benefit of such married person independently of the spouse of such married person or the creditors of the spouse, or of the person effecting or transferring the policy or such person's creditors.
Ohio Rev Code § 3911.13 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.13 | Beneficiary in Case of Death of Spouse.

Effective: August 31, 1976|Latest Legislation:  Senate Bill 425 - 111th General Assembly|The amount of the insurance provided for in sections 3911.09 to 3911.12 of the Revised Code, may be made payable, in case of death of the spouse before the period at which it becomes due, to his, her, or their children, in being at the date of the policy or born thereafter, for their use, or to their guardian if they are under age, or to any person, firm, or corporation in trust for them for their benefit, as provided in the policy of insurance. If there are no children or other designated beneficiary or assignee, upon the death of the spouse, such policy shall revert to and become the property of the party whose life is insured, unless it has been transferred.
Ohio Rev Code § 3911.14 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.14 | Proceeds of Policy.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Any life insurance company, organized or licensed to do business under the laws of this state, may hold the proceeds of any life or endowment insurance or annuity contract issued by it upon such terms and restrictions as to revocation by the insured and control by beneficiaries, with such exemptions from legal process and the claims of creditors of beneficiaries other than the insured, and upon such other terms and conditions, irrespective of the time and manner of payment of said proceeds, as have been agreed to in writing by such company and the insured or beneficiary. Such insurance company is not required to segregate funds so held but may hold them as a part of its general corporate assets. Any life or endowment insurance or annuity contract issued by a domestic, foreign, or alien company may provide that the proceeds thereof or payments thereunder shall not be subject to transfer, anticipation, commutation, or encumbrances by any beneficiary, and shall not be subject to the claims of creditors of any beneficiary other than the insured or any legal process against any beneficiary other than the insured; if said contract so provides, the benefits accruing thereunder to such beneficiary other than the insured shall not be transferable nor subject to commutation, encumbrance, or legal process.This section does not impair or affect the rights of creditors under section 3911.10 of the Revised Code.
Ohio Rev Code § 3911.15 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.15 | Policy to Defraud Creditors.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|If a policy of life insurance is procured by a person with intent to defraud his creditors, an amount equal to the premium paid thereon, with interest, shall inure to the benefit of his creditors, subject to the statute of limitations.
Ohio Rev Code § 3911.16 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.16 | Discrimination Against Persons of African Descent Prohibited.

Effective: May 4, 2004|Latest Legislation:  Senate Bill 97 - 125th General Assembly|No life insurance company organized or doing business within this state shall:(A) Make any distinction or discrimination on the basis of race as to premiums or rates charged for life insurance policies;(B) Demand or require greater premiums from persons who are of different races and who are of the same age, sex, general condition of health, and hope of longevity;(C) Make or require any rebate, diminution, or discount on the basis of race upon the sum to be paid on a life insurance policy in case of the death of the person insured;(D) Insert in the policy on the basis of race any condition or stipulation by which a person binds self, or the person's heirs, executors, administrators, or assigns, to accept any sum less than the full value or amount of the policy in case of a claim accruing thereon by reason of the death of the person insured.Any stipulation or condition described in division (D) of this section so made or inserted is void.If a life insurance company denies an applicant life insurance and the applicant believes that the denial was on the basis of race, the insurance company shall provide, upon the request of the applicant, the specific reason or reasons for the denial, as provided in section 3904.10 of the Revised Code, as well as an affirmation that the denial was not on the basis of race.
Ohio Rev Code § 3911.17 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.17 | Prohibition Against Discrimination.

Effective: May 4, 2004|Latest Legislation:  Senate Bill 97 - 125th General Assembly|No life insurance company organized or doing business in this state, or an officer or agent thereof, shall violate any law relating to discrimination by demanding or receiving different premiums on the basis of race, by allowing a discount or rebate on the basis of race upon a premium paid or to be paid bypersons who are of the same age, sex, general condition of health, and hope of longevity, by making or requiring a rebate, diminution, or discount from the sum to be paid upon a policy on the basis of race, or by failing to furnish information required under section 3904.10 or 3911.16 of the Revised Code.This section does not require a life insurance company, or an agent thereof, to take or receive an application for insurance from any person.
Ohio Rev Code § 3911.18 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.18 | Discriminations by Agent of Life Insurance Company Prohibited.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|No person, for himself or as officer, agent, solicitor, employee, or representative of a life insurance company doing business in this state, shall make or permit a distinction or discrimination in favor of individuals between any insured persons of the same class and of equal expectation of life in the amount or payment of premiums or in rates charged for policies of life or endowment insurance, or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of the contracts which such company makes. No such person shall pay, allow, or give, or offer to pay, allow, or give, directly or indirectly, as inducement to insurance, or knowingly receive as such inducement to insurance, any rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any special advantage in the date of a policy or date of the issue thereof, or any valuable consideration or other inducement. No such person shall give, receive, sell, or purchase, or offer to give, receive, sell, or purchase, as inducements to insurance or in connection therewith any stock, bonds, or other obligations or securities of any insurance company or other corporation, association, partnership, or individual, or any dividends or profits to accrue thereon, or any paid employment or contract for services of any kind or anything of value.The fines which are levied and collected for the violation of this section shall be paid to the county treasurer for the use of the schools as provided in sections 3315.31 and 3315.32 of the Revised Code. This section does not forbid a company, transacting industrial insurance on a weekly payment plan, from returning to policyholders who have made premium payments for a period of at least one year, directly to the company at its home or district offices, a percentage of the premium which the company would have paid for the weekly collection of such premium.
Ohio Rev Code § 3911.19 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.19 | Premium Discriminations.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|No life insurance company doing business in this state shall make or permit any distinction or discrimination in favor of individuals between any insured persons of the same class and equal expectation of life in the amount or payment of premiums, or in rates charged for policies of life or endowment insurance, or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of the contracts it makes. No such company, or any agent thereof, shall make any contract of insurance, or agreement as to such contract, other than one that is plainly expressed in the policy issued thereon.
Ohio Rev Code § 3911.21 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.21 | Revocation of License for Discrimination.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|The superintendent of insurance, upon conviction of any life insurance company, or of any agent thereof, for violation of sections 3911.19 or 3911.20 of the Revised Code, or upon his being satisfied of the violation of either of said sections and after reasonable notice to the accused of the time and place of hearing, shall revoke the license of such company or agent, and no license shall be granted to such company or agent for a period of three years after such revocation.
Ohio Rev Code § 3911.22 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.22 | Solicitor Is Agent of Company.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Any person who solicits an application for insurance upon the life of another person shall, in any controversy between the insured or his beneficiary and the company issuing a policy upon such application, be considered the agent of the company and not the agent of the insured.
Ohio Rev Code § 3911.23 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.23 | Misrepresentation Prohibited.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|No life insurance company doing business in this state, and no officer, director, representative, or other agent thereof, or any other person, firm, partnership, association, or corporation, shall knowingly make, issue, or circulate, or cause or knowingly permit to be made, issued, or circulated, any estimate, illustration, circular, or statement of any sort which misrepresents the terms of any policy issued or to be issued by it or any other company, or the benefits or advantages promised thereby, or makes any misleading estimate of the dividends or shares of surplus to be received thereon; nor shall such organization or person use any name or title of any policy or class of policies which misrepresents the true nature thereof.No such life insurance company or officer, director, or agent thereof, or any other person, firm, partnership, association, corporation, or representative shall make any misrepresentation or incomplete comparison, oral or written, to any person insured in any company for the purpose of inducing or tending to induce a policyholder in any company to lapse, forfeit, change, or surrender his life insurance whether it is of a temporary or a permanent plan.
Ohio Rev Code § 3911.24 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.24 | Revocation of License for Misrepresentation.

Effective: January 1, 2021|Latest Legislation:  House Bill 339 - 133rd General Assembly|Upon the conviction of any person, firm, association, or life insurance company for violating section 3911.23 of the Revised Code, the superintendent of insurance shall revoke the license of such person, firm, association, or life insurance company for not less than one year. The superintendent, when the superintendent has good reason to believe that any company or association writing life insurance in this state, on any plan, is knowingly permitting any of its agents or representatives to violate section 3911.23 of the Revised Code, shall give such company or association notice of a hearing in accordance with Chapter 119. of the Revised Code, upon the charge of knowingly permitting said section to be violated, and, if the superintendent finds said company or association guilty of the offense, the superintendent shall revoke its license.
Ohio Rev Code § 3911.99 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3911 | Domestic and Foreign Life Insurance Companies|Section 3911.99 | Penalty.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|(A) Whoever violates section 3911.17 of the Revised Code shall be fined not less than one hundred nor more than two hundred dollars.(B) Whoever violates section 3911.18 of the Revised Code shall be fined not less than one hundred nor more than five hundred dollars or imprisoned not more than thirty days, or both; in addition such person shall pay the costs of the prosecution.(C) Whoever violates section 3911.20 of the Revised Code shall be fined not more than five hundred dollars or imprisoned not more than thirty days, or both; in addition such person shall pay the costs of the prosecution.(D) Whoever violates section 3911.23 of the Revised Code shall be fined not less than one hundred nor more than five hundred dollars and may be imprisoned not more than six months.
Ohio Rev Code § 3913.02 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3913 | Changes in Corporate Organization or Status|Section 3913.02 | Acquisition of Stock.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|If a domestic stock life insurance corporation determines to become a mutual life insurance corporation, it may, in carrying out any plan to that end under section 3913.01 of the Revised Code, acquire any shares of its own stock by gift, bequest, or purchase. Until all of such shares are acquired, any shares so acquired, or acquired pursuant to section 3913.03 of the Revised Code, shall be acquired in trust for the corporation as provided in section 3913.04 of the Revised Code, and shall be assigned and transferred on the books of the corporation to not less than three nor more than five trustees. Such shares shall be held by them in trust and be voted by such trustees at all corporate meetings at which stockholders have the right to vote, until all of the capital stock of such corporation is acquired, at which time the entire capital stock shall be retired and canceled and the corporation shall become, thereupon, a mutual life insurance corporation without capital stock.
Ohio Rev Code § 3913.04 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3913 | Changes in Corporate Organization or Status|Section 3913.04 | Appointment of Trustees - Deposit Retained by Superintendent of Insurance.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|The trustees provided for in section 3913.02 of the Revised Code shall be appointed and vacancies shall be filled by the superintendent of insurance. Such trustees shall be qualified directors of the corporation at the time of such appointment and shall continue as such trustees until the purpose of the trust is accomplished or abandoned, unless they are removed for cause by the superintendent. Said trustees shall file with the superintendent a verified acceptance of their appointment and a declaration that they will faithfully discharge their duties as trustess. Such trustees shall give and file with the superintendent bonds in such an amount as under the circumstances the superintendent deems proper, with sureties thereon approved by the superintendent. All dividends and other sums received by said trustees on the shares of stock held by them shall be immediately repaid to said corporation. The necessary expenses of executing the trust shall be paid by the corporation. All shares held by such trustees are considered as admitted assets of such corporation at their par value.Neither the retirement of the corporation's capital stock nor the amendment of its articles of incorporation shall affect existing suits, rights, or contracts of such corporation. The deposit of one hundred thousand dollars in securities or mortgages made by such corporation pursuant to section 3907.07 of the Revised Code, shall be retained by the superintendent in trust for the benefit and security of all of the members and policyholders of such corporation.
Ohio Rev Code § 3913.05 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3913 | Changes in Corporate Organization or Status|Section 3913.05 | Officers and Directors.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|When a domestic stock life insurance corporation has become converted into a mutual life insurance corporation, the officers and directors or trustees of the original corporation shall remain as the officers and directors or trustees of the newly converted corporation until the next annual meeting for the election of officers and directors or trustees, when their successors shall be elected in the manner provided in the articles of incorporation and code of regulations previously adopted by said corporation.
Ohio Rev Code § 3913.06 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3913 | Changes in Corporate Organization or Status|Section 3913.06 | Board of Directors or Trustees - Corporate Powers.

Effective: January 1, 1974|Latest Legislation:  Senate Bill 1 - 110th General Assembly|The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be controlled by, a board of directors or trustees composed of not less than three nor more than twenty-one natural persons who are policyholders or members of said corporation. The members of such board shall be at least eighteen years of age, and at least three members must be residents and citizens of this state.