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Current as of January 01, 2024 | Updated by Findlaw Staff
Whenever a deposit of securities is required from a domestic or foreign insurance company, either life or other than life, as a condition upon which such company may transact business in this state, the following securities may be deposited for that purpose in addition to other securities specified by law:
(A) Any bonds issued by or for federal land banks and any debentures issued by or for federal intermediate credit banks under the act of congress known as the “Federal Farm Loan Act of 1916,” 39 Stat. 360, 12 U.S.C.A. 641 and amendments thereto; any debentures issued by or for banks for cooperatives under the act of congress known as the “Farm Credit Act of 1933,” 48 Stat. 257, 12 U.S.C.A. 131 and amendments thereto;
(B) Notes, bonds, debentures, and other such obligations issued or insured by the federal housing administrator;
(C) Notes secured by mortgages insured by the secretary of agriculture of the United States under Title I of “The Bankhead-Jones Farm Tenant Act,” 50 Stat. 522, 7 U.S.C.A. 1000 as amended;
(D) Bonds issued under the “Home Owners' Loan Act of 1933,” 48 Stat. 128, 12 U.S.C.A. 1461.
Cite this article: FindLaw.com - Ohio Revised Code Title XXXIX. Insurance § 3925.07 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xxxix-insurance/oh-rev-code-sect-3925-07/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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