L&HOhiomedium
Under the Ohio Insurance Holding Company System Act (R.C. 3901.32 et seq.), what must a person generally do before acquiring control of an Ohio-domiciled insurer?
ANotify only the insurer's board of directors before acquiring any voting securities
BFile a notice with the Ohio Secretary of State rather than with ODI
File a Form A statement and obtain ODI approval
DObtain approval from the Ohio Attorney General before acquiring control
Why this is the answer
R.C. 3901.32 et seq. requires any person seeking to acquire control of an Ohio-domiciled insurer to file a Form A statement with ODI and obtain the Superintendent's approval, generally triggered at 10% voting securities ownership.
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