# Ohio Rev. Code § 3956.06: Ohio life and health insurance guaranty association created

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.06

## Section

- **Citation:** Ohio Rev. Code § 3956.06
- **Heading:** Ohio life and health insurance guaranty association created
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 39 / Chapter 3956 / § 3956.06

## Text

September 13, 2022 Senate Bill 273 - 134th General Assembly (A) There is hereby created an unincorporated nonprofit association to be known as the Ohio life and health insurance guaranty association. All member insurers shall be and remain members of the association as a condition of their license or authority to transact the business of insurance or health insuring corporation business in this state. The association shall perform its functions under the plan of operation established and approved under section 3956.10 of the Revised Code and shall exercise its powers through a board of directors established under section 3956.07 of the Revised Code. For purposes of administration and assessment, the association shall maintain the following two accounts: (1) The life insurance and annuity account that includes the following subaccounts: (a) Life insurance subaccount; (b) Annuity subaccount; (c) Unallocated annuity subaccount that also includes all annuity contracts meeting the requirements of section 403(b) of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 1, as amended. (2) The health account. (B) The association is subject to the supervision of the superintendent of insurance and to the applicable insurance laws of this state. Last updated October 6, 2022 at 5:18 PM

## Nearby sections

- [Ohio Rev. Code § 3956.01 § 3956.01. Life and health insurance guaranty association definitions](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.01.md)
- [Ohio Rev. Code § 3956.02 § 3956.02. Citing chapter](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.02.md)
- [Ohio Rev. Code § 3956.03 § 3956.03. Purpose of chapter](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.03.md)
- [Ohio Rev. Code § 3956.04 § 3956.04. Association coverage and liability](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.04.md)
- [Ohio Rev. Code § 3956.05 § 3956.05. Liberal construction of chapter](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.05.md)
- [Ohio Rev. Code § 3956.06 § 3956.06. Ohio life and health insurance guaranty association created](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.06.md)
- [Ohio Rev. Code § 3956.07 § 3956.07. Board of directors](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.07.md)
- [Ohio Rev. Code § 3956.08 § 3956.08. Duties as to impaired or insolvent member insurer](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.08.md)
- [Ohio Rev. Code § 3956.09 § 3956.09. Member assessments](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.09.md)
- [Ohio Rev. Code § 3956.10 § 3956.10. Plan of operation and amendments](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.10.md)
- [Ohio Rev. Code § 3956.11 § 3956.11. Duties and powers of superintendent - appeals - notification of chapter provisions](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.11.md)
- [Ohio Rev. Code § 3956.12 § 3956.12. Detection and prevention of insurer insolvencies or impairments](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.12.md)
- [Ohio Rev. Code § 3956.13 § 3956.13. Liability for unpaid assessments - records - association deemed creditor of insurer - rehabilitation or liquidation proceedings](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.13.md)
- [Ohio Rev. Code § 3956.14 § 3956.14. Examination and regulation by superintendent - annual financial report](https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_T39_C3956_S3956.06. Check the current official text before relying on it. Not legal advice.