Current with legislation from 2024 received as of August 15, 2024.
Section 3901.61 - Credit for reinsurance ceded definitions
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.