Ohio Rev. Code § 3911.24

Current with legislation from 2024 received as of May 9, 2024.
Section 3911.24 - Revocation of license for misrepresentation

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.

R.C. § 3911.24

Amended by 133rd General Assembly File No. TBD, HB 339,§1, eff. 1/1/2021.
Effective Date: 10/1/1953 .