Ohio Rev. Code § 3901.61

Credit for reinsurance ceded definitions

Last amended: 1994Year: 2026Length: 62 wordsOfficial source
June 29, 1994 House Bill 89 - 120th General Assembly As used in sections 3901.61 to 3901.65 of te Revised Code: (A) "Assuming insurer" means an insurance company that accepts all or part of the risk underwritten by a ceding insurer. (B) "Ceding insurer" means an insurance company that transfers all or part of the risk it underwrites to an assuming insurer.
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