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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1753.42 | Requirements for exemption of domestic corporation.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
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Chapter 1753 Physician-health Plan Partnership Act; Risk-based Capital For Insurers Model Act
 
Effective:
March 15, 2001
Latest Legislation:
House Bill 714 - 123rd General Assembly
PDF:
Download Authenticated PDF
 

The superintendent of insurance may exempt any domestic health insuring corporation from the application of sections 1753.31 to 1753.43 of the Revised Code, if the health insuring corporation meets all of the following requirements:

(A) The health insuring corporation writes direct business in this state only.

(B) The health insuring corporation assumes no reinsurance in excess of five per cent of direct premium written.

(C) The health insuring corporation either:

(1) Writes direct annual premiums of two million dollars or less for basic health care services;

(2) Covers less than two thousand enrollees under policies, contracts, certificates, or agreements for supplemental health care services.

Available Versions of this Section