Assessment by impaired company

Ohio Rev. Code Ann. § 3941.15, under Chapter 3941 | Operation Of Mutual Insurance Companies.

Ohio Rev. Code Ann. § 3941.15

Any domestic mutual company having a contingent liability which is not possessed of assets above its unearned premium sufficient for the payment of incurred losses and expenses is deemed to be impaired and shall make an assessment for the amount needed to pay such losses and expenses upon its members liable to assessment, in proportion to and within the limits of their several liabilities.