3955.06 Ohio insurance guaranty association. - Ohio Statutes

3955.06 Ohio insurance guaranty association.

(A) There is hereby created a nonprofit unincorporated association to be known as the Ohio insurance guaranty association. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under section 3955.09 of the Revised Code and shall exercise its powers through a board of directors established under section 3955.07 of the Revised Code.

(B) For purposes of administration and assessment, the association shall be divided into two accounts:

(1) The automobile insurance account;

(2) The account for all other insurance to which sections 3955.01 to 3955.19 of the Revised Code apply.

Effective Date: 06-29-1994