reglab/housing_qa huggingface dataset:
Ohio Rev Code § 3915.02 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.02 | Application of Law.

Effective: September 13, 2004|Latest Legislation:  Senate Bill 187 - 125th General Assembly|This chapter does not apply to annuities except as provided in sections 3915.051, 3915.073, 3915.14, and 3915.21 to 3915.24 of the Revised Code, industrial policies except as provided in sections 3915.07 and 3915.071 of the Revised Code, fraternal benefit societies, corporations or associations operating on the assessment plan, or corporations or associations which have been organized under sections 3919.01 to 3919.19 of the Revised Code, except corporations and associations which, as of September 28, 1933, have amended their articles of incorporation under section 3919.13 of the Revised Code.
Ohio Rev Code § 3915.03 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.03 | Unauthorized Policies Not to Be Issued.

Effective: October 23, 1991|Latest Legislation:  House Bill 16 - 119th General Assembly|No policy of life insurance shall be issued or delivered in this state, and no policy of life insurance of a life insurance company organized under the laws of this state shall be issued, unless it meets the requirements of this chapter.
Ohio Rev Code § 3915.04 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.04 | Preliminary Term Insurance.

Effective: September 4, 2014|Latest Legislation:  Senate Bill 140 - 130th General Assembly|Life insurance policies may provide for not more than one year preliminary term insurance by incorporation therein of the following clause immediately preceding the "change of beneficiary" clause: "The first year's insurance under this policy is term insurance."If the premium charged for term insurance under a limited payment life or endowment preliminary term policy, providing for the payment of all premiums thereon in less than twenty years from the date of the policy, exceeds that charged for like insurance under whole life preliminary term policies of the same company, the reserve thereon at the end of any year, including the first, shall not be less than the reserve on a whole life preliminary term policy issued in the same year and at the same age together with an amount equivalent to the accumulation of a net level premium sufficient to provide for a pure endowment at the end of the premium-payment period equal to the difference between the value at the end of such period of such a whole life preliminary term policy and the full reserve at such time of such limited payment life or endowment policy. This section does not apply to any policy issued under section 3915.07 of the Revised Code on or after the operative date for such policy as authorized by division (H) of such section.This section is applicable to any preliminary term policies, except in the case of life insurance policies and annuity and pure endowment contracts issued between July 17, 1947, and November 5, 1959, that are subject to valuation under section 3903.723 of the Revised Code.
Ohio Rev Code § 3915.052 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.052 | Interest Payable on Policy Proceeds.

Effective: October 8, 1992|Latest Legislation:  House Bill 427 - 119th General Assembly|(A) On and after January 1, 1993, any life insurance company authorized to do business in this state shall pay interest, in accordance with division (B) of this section and subject to division (C) of this section, on any proceeds that become due pursuant to the terms of a life insurance policy other than a credit life insurance policy.(B) The interest payable pursuant to division (A) of this section shall be computed from the date of the death of the insured to the date of the payment of the proceeds and shall be at whichever of the following rates is greater:(1) The annual short-term applicable federal rate for purposes of section 1274(d) of the Internal Revenue Code, as defined in section 5747.01 of the Revised Code, in effect for the month in which the insured died;(2) The current rate of interest on proceeds left on deposit with the company under an interest settlement option contained in the life insurance policy.(C) Division (A) of this section does not require, and shall not be construed as requiring, the payment of interest unless the insured was a resident of this state on the date of his death and unless the beneficiary under the life insurance policy elects in writing to receive, or a written election has been made for the beneficiary to receive, the proceeds of the policy by means of a lump sum payment.(D) Nothing in this section allows, or shall be construed as allowing, any insurance company to withhold the payment to any beneficiary of death proceeds under a life insurance policy for a period that is inconsistent with division (K) of section 3915.05 of the Revised Code or is longer than reasonably necessary to transmit the death proceeds.
Ohio Rev Code § 3915.053 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.053 | Policy of Military Reservist Not to Lapse for Nonpayment of Premiums.

Effective: January 1, 2021|Latest Legislation:  House Bill 339 - 133rd General Assembly|(A)(1) Except as provided in division (A)(2) of this section, this section shall apply to any individual life insurance policy insuring the life of a reservist, as defined in section 3923.381 of the Revised Code, who is on active duty pursuant to an executive order of the president of the United States, an act of the congress of the United States, or section 5919.29 or 5923.21 of the Revised Code, if the life insurance policy meets both of the following conditions: (a) The policy has been in force for at least one hundred eighty days. (b) The policy has been brought within the "Servicemembers Civil Relief Act," 117 Stat. 2835 (2003), 50 U.S.C. App. 541, et seq. (2) This section does not apply to any policy that was canceled or that had lapsed for the nonpayment of premiums prior to the commencement of the insured's period of military service. (B) An individual life insurance policy described in division (A) of this section shall not lapse or be forfeited for the nonpayment of premiums during a reservist's period of military service or during the two-year period subsequent to the end of the reservist's period of military service. (C) This section does not limit a life insurance company's enforcement of provisions in the insured's policy relating to naval or military service in time of war.
Ohio Rev Code § 3915.06 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.06 | Nonforfeiture Benefit and Cash Value.

Effective: August 25, 1983|Latest Legislation:  House Bill 20 - 115th General Assembly|The nonforfeiture benefit referred to in division (H) of section 3915.05 of the Revised Code shall be available to the owner of the policy in the event of default in premium payments after premiums have been paid for three years, and such benefit shall be a stipulated form of insurance, the net value of which shall be at least equal to the reserve at the date of default on the policy and on any dividend additions thereto, less a sum not more than two and one half per cent of the amount insured by the policy and of any existing dividend additions thereto, and less any existing indebtedness to the company on the policy. The policy shall specify the mortality table and rate of interest adopted for computing such reserves, and shall stipulate that it may be surrendered to the company at its home office within one month from date of default for a specified cash value at least equal to the sum which would otherwise be available for the purchase of insurance. The policy may stipulate that the company may defer payment for not more than six months after the application therefor is made.This section does not apply to term insurance of twenty years or less, nor to policies issued pursuant to section 3915.07 or 3915.071 of the Revised Code on or after their respective operative dates for such policies.
Ohio Rev Code § 3915.08 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.08 | Loan, Reserve, and Cash Surrender Value.

Effective: November 5, 1959|Latest Legislation:  Senate Bill 428 - 103rd General Assembly|Except in the case of policies to which the second paragraph of this section applies, the loan value referred to in division (G) of section 3915.05 of the Revised Code shall be the reserve at the end of the current policy year on the policy and on any dividend additions thereto, less a sum of not more than two and one-half per cent of the amount insured by the policy and of any dividend additions thereto. The policy shall specify the mortality table and rate of interest adopted for computing such reserve and may further provide that such loan may be deferred for not more than six months after the application therefor is made.In the case of policies issued pursuant to section 3915.07 of the Revised Code on or after the operative date for such policies as authorized by division (H) of said section, the loan value referred to in division (G) of section 3915.05 of the Revised Code shall be the cash surrender value at the end of the current policy year as required by section 3915.07 of the Revised Code. The company shall reserve the right to defer such loan, except when made to pay premiums, for six months after application therefor is made.
Ohio Rev Code § 3915.09 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.09 | Provisions Prohibited.

Effective: March 22, 1973|Latest Legislation:  House Bill 1 - 110th General Assembly|No policy of life insurance shall be issued or delivered in this state, or be issued by a life insurance company organized under the laws of this state, if it contains any of the following:(A) A provision for forfeiture of the policy for failure to repay any loan on the policy or to pay interest on such loan while the total indebtedness on the policy is less than its loan value; or any provision for forfeiture for failure to repay any such loan or to pay interest thereon, unless such provision contains a stipulation that no such forfeiture shall occur until at least one month after notice has been mailed by the company to the last known address of the insured and of the assignee;(B) A provision limiting to less than five years the time within which any action at law or in equity may be commenced after the cause of action accrues;(C) A provision for any mode of settlement at maturity of less value than the amount insured on the face of the policy plus dividend additions, less any indebtedness to the company on the policy, and less any premium that may by the terms of the policy be deducted;(D) In a policy form filed under section 3915.14 of the Revised Code after September 16, 1970, a provision that the policy will be eligible to participate in any future distributions of earnings, profits, or surplus of the company which are not allocated to all participating policies by reasonable and nondiscriminatory standards;(E) A provision that the policy will be eligible to receive a preferential benefit or advantage which will not be available to policies purchased from the company at future dates or under other circumstances, the effect of which is to discriminate against those future policies;(F) Any provision which is prohibited by a rule adopted by the superintendent of insurance to clarify, construe, or implement any of the prohibitions of divisions (A) to (E), inclusive, of this section.
Ohio Rev Code § 3915.10 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.10 | Time Extension for Premium Payments.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|A life insurance company may enter into subsequent agreements in writing with the insured, which need not be attached to the policy, to extend the time for the payment of any premium, or part thereof, upon the condition that failure to comply with the terms of such agreement shall lapse the policy. Subject to any lien that may be created to secure any indebtedness contracted by the insured in consideration of such extension, said agreement shall not impair any right existing under the policy.
Ohio Rev Code § 3915.11 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.11 | Interest Added to Principal Debt.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|In ascertaining the indebtedness due upon policy or premium loans, the interest, if not paid when due, shall be added to the principal of such loans and shall bear interest at the rate specified in the note or loan agreement.
Ohio Rev Code § 3915.12 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.12 | Exchange, Alteration, or Conversion of Policy.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Any life insurance company, at the request of the policyholder, may exchange, alter, or convert any policy of life or endowment insurance or any annuity issued by it for or into a policy of another plan of insurance or annuity as of a date not prior to the effective date of the original policy or annuity. If such newly written policy or annuity is issued as of a date prior to the date of the application for exchange, alteration, or conversion, the amount of insurance or annuity thereunder shall not exceed, on the changed plan, whichever is the greater of the two following amounts:(A) The amount that the premium paid for the original policy or annuity would have purchased, at the age of the insured on the effective date of said original policy or annuity, on the plan of the newly written policy or annuity;(B) The amount of the original policy or annuity.
Ohio Rev Code § 3915.13 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.13 | Back-Dating Policies.

Effective: January 1, 2021|Latest Legislation:  House Bill 339 - 133rd General Assembly|No life insurance company nor any of its agents shall knowingly make, issue, or deliver in this state any policy or contract of life insurance which purports to be issued or to take effect as of a date more than six months before the application therefor was made, if thereby the premium on such policy or contract is reduced below the premium which would be payable thereon, as determined by the nearest birthday of the insured at the time when such application was made. In determining the date when an application was made, under this section the date of execution of the application or the date of medical examination, where such examination is required, whichever is later, shall govern. This section does not prohibit the exchange, alteration, or conversion of any policy of life or endowment insurance or any annuity in the manner provided by section 3915.12 of the Revised Code, nor does it invalidate any contract made in violation of this section.
Ohio Rev Code § 3915.14 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.14 | Filing of Forms of Policies.

Effective: September 13, 2004|Latest Legislation:  Senate Bill 187 - 125th General Assembly|(A) No policy of life insurance, nor any indorsement, rider, or application which becomes or is designed to become a part of any such policy, shall be delivered, issued for delivery, or used in this state, or be issued by a life insurance company organized under the laws of this state, until thirty days after the form of said policy, indorsement, rider, or application has been filed with the superintendent of insurance, unless within that time the superintendent gives the insurance company written approval for the use of the form.(B) No individual or group annuity policy or contract, including, but not limited to, a guaranteed investment contract, deposit administration contract, funding agreement, structured settlement agreement, or similar types, excluding those required to be filed with the superintendent pursuant to section 3911.011 of the Revised Code, and no certificate, endorsement, rider, or application which becomes or is designed to become a part of any such policy, contract, or agreement, shall be delivered, issued for delivery, or used in this state, or be issued by a life insurance company organized under the laws of this state, until thirty days after the form of said policy, contract, agreement, certificate, endorsement, rider, or application has been filed with the superintendent, unless within that time the superintendent gives the insurance company written approval for the use of the form.(C) When the superintendent finds within such thirty-day period that the form filed contains any language that is prohibited by any law of this state, including any rule of the superintendent, or is inconsistent, ambiguous, misleading, deceptive, or likely to mislead an applicant or policyholder, the superintendent shall give written notice of such finding to the insurance company that filed the form, and thereafter the insurance company shall not deliver, issue for delivery, or use the form.The superintendent's action is subject to review by any court of competent jurisdiction, subject to Chapter 119. of the Revised Code.
Ohio Rev Code § 3915.141 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.141 | Filing of Form of Indorsement or Rider Providing Accelerated Benefits.

Effective: October 23, 1991|Latest Legislation:  House Bill 16 - 119th General Assembly|In the case of an indorsement or rider that provides accelerated benefits in accordance with sections 3915.21 to 3915.24 of the Revised Code, the filing of the form of the indorsement or rider as required by section 3915.14 of the Revised Code shall include the form number of the policy or contract with which the indorsement or rider may be used.
Ohio Rev Code § 3915.15 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.15 | Provisions of Policies of Foreign Companies.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|The policies of a life insurance company, not organized under the laws of this state, may contain any provision which the law of the state, territory, district, or country under which the company is organized prescribes shall be in such policies when they are issued in this state, and the policies of a life insurance company organized under the laws of this state, when issued or delivered in any other state, territory, district, or country, may contain any provision required by the laws of the state, territory, district, or country in which such policies are issued.
Ohio Rev Code § 3915.21 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.21 | Accelerated Benefits Definitions.

Effective: October 23, 1991|Latest Legislation:  House Bill 16 - 119th General Assembly|As used in sections 3915.21 to 3915.24 of the Revised Code:(A) "Accelerated benefits" means the benefits that are payable under a policy and that meet all of the following criteria:(1) The benefits are payable to the policyholder or certificate holder during the lifetime of the insured and upon the occurrence of a qualifying event.(2) The benefits are payable in amounts that are fixed at the time of the acceleration of the benefits.(3) The benefits reduce the death benefit otherwise payable under the policy.(B) "Policy" means any policy, rider, indorsement, annuity contract, or endowment contract delivered or issued for delivery in this state by a life insurance company.(C) "Qualifying event" means the occurrence of any of the following:(1) A medical condition that drastically reduces the potential life span of the insured to a period of time that is within the period of time specified in the policy;(2) A medical condition that requires the use of extensive or extraordinary medical care or treatment, including a major organ transplant or the continuous use of artificial life support systems, without which the insured would likely die;(3) A condition that normally results in continuous confinement in an eligible institution, as defined in the policy, if the insured is expected to remain in the institution for the remainder of his life;(4) A medical condition that, in the absence of extensive or extraordinary medical care or treatment, would drastically reduce the potential life span of the insured. Such conditions may include any of the following:(a) Coronary artery disease that results in an acute infarction or that requires surgery;(b) Permanent neurological deficit resulting from cerebral vascular accident;(c) End stage renal failure;(d) Acquired immunodeficiency syndrome;(e) Any other medical condition that the superintendent of insurance may approve for a particular policy filing.(5) Any other qualifying event that the superintendent may approve for a particular policy filing.
Ohio Rev Code § 3915.22 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.22 | Application of Chapter.

Effective: October 23, 1991|Latest Legislation:  House Bill 16 - 119th General Assembly|(A) Except as provided in division (B) of this section, every policy that provides accelerated benefits and that is issued or delivered in this state on or after the effective date of this section is subject to this chapter.(B) Sections 3915.21 to 3915.24 of the Revised Code do not apply to any policy that provides accelerated benefits for the sole purpose of providing directly or supplementing long-term care insurance as defined in section 3923.41 of the Revised Code.
Ohio Rev Code § 3915.23 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.23 | Accelerated Benefits Calculated on Mortality Risks.

Effective: October 23, 1991|Latest Legislation:  House Bill 16 - 119th General Assembly|The accelerated benefits provided by any policy subject to this chapter are life insurance benefits and are calculated primarily on the basis of mortality risks rather than morbidity risks.
Ohio Rev Code § 3915.24 (2021)
2021 Ohio Revised Code|Title 39 | Insurance|Chapter 3915 | Life Insurance Policy Provisions|Section 3915.24 | Rules.

Effective: October 23, 1991|Latest Legislation:  House Bill 16 - 119th General Assembly|Within six months after the effective date of this section, the superintendent of insurance shall adopt rules in accordance with Chapter 119. of the Revised Code to carry out the purposes of sections 3915.21 to 3915.24 of the Revised Code. The rules shall include criteria for the payment of accelerated benefits, disclosure requirements, and actuarial standards.