No mutual insurance company shall borrow money or create a debt, except for necessary office buildings, which is to continue beyond the period when an assessment may be collected and applied to the payment thereof, and no member of such a company shall be assessed for liabilities incurred prior to his membership.
Restriction against debts
Ohio Rev. Code Ann. § 3925.22, under Chapter 3925 | Domestic Insurance Companies Other Than Life.
Ohio Rev. Code Ann. § 3925.22