No life insurance company organized by act of congress, or under the laws of any other state of the United States, shall transact any business of insurance defined in section 3911.01 of the Revised Code, on the capital stock or mutual plan, in this state, until it procures from the superintendent of insurance a certificate of authority to do so. No person, directly or indirectly, shall act as agent in this state for such a company, either in procuring applications for insurance, taking risks, or in any manner transacting the business of insurance, until such person procures from the superintendent a license to do so, in which it shall be stated by the superintendent that the company has complied with all the laws of this state applicable to it.
Ohio Rev. Code Ann. § 3909.01
Certificate of authority or license to do business
Applied in 1 court decision — leading case Hatton v. State Farm Mutual Insurance (1981)
Most recently applied in Hatton v. State Farm Mutual Insurance (August 1981)
Effective: September 1, 1961; Latest Legislation: Senate Bill 96 - 104th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.