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It was created under the authority of section 121.02 of the Ohio Revised Code (ORC) and is administered by the Director of Insurance. Insurance companies operating in the state of Ohio are subject to regulation under Title 39; and depending upon the entity of the organization, Chapters 1751 and 1753 of the ORC. ODI is charge with seeing that ...
Around 1919, the building also housed the home offices of the Ohio State Life Insurance Company. Around the 1930s, the retail shop Kibler Men's Clothing occupied the first floor, which was then occupied by Walker's Men's Store from the early 1950s into the mid-1980s. The building's upper floors had several small professional offices. [2]
In September 2018, Ohio National announced an exit from most of the annuity market, and the layoff of approximately 300 of its then 1300 employees, [7] as part of a new focused growth strategy targeting the life insurance market. Ohio National continues to sell life insurance, disability insurance, and immediate annuities, and reaffirmed its ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
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Each state guaranty association is governed by state law; most associations cover up to at least $300,000 for life insurance death benefits, $100,000 in cash surrender value for life insurance, $250,000 in withdrawal and cash values for annuities, and up to $500,000 in health insurance policy benefits (depending on the type of health insurance ...
The Ohio Life Insurance and Trust Company was a banking institution based in Cincinnati, Ohio, which existed from 1830 to 1857. The Panic of 1857 , an economic depression , resulted after the company's New York City offices ceased operations due to bad investments, especially in agriculture-related businesses.