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Ohio Revised Code

Ohio Rev. Code § 3911.14 (2026)

Proceeds of policy

✓ current as of May 2026
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Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
PDF:
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Any life insurance company, organized or licensed to do business under the laws of this state, may hold the proceeds of any life or endowment insurance or annuity contract issued by it upon such terms and restrictions as to revocation by the insured and control by beneficiaries, with such exemptions from legal process and the claims of creditors of beneficiaries other than the insured, and upon such other terms and conditions, irrespective of the time and manner of payment of said proceeds, as have been agreed to in writing by such company and the insured or beneficiary. Such insurance company is not required to segregate funds so held but may hold them as a part of its general corporate assets. Any life or endowment insurance or annuity contract issued by a domestic, foreign, or alien company may provide that the proceeds thereof or payments thereunder shall not be subject to transfer, anticipation, commutation, or encumbrances by any beneficiary, and shall not be subject to the claims of creditors of any beneficiary other than the insured or any legal process against any beneficiary other than the insured; if said contract so provides, the benefits accruing thereunder to such beneficiary other than the insured shall not be transferable nor subject to commutation, encumbrance, or legal process.

This section does not impair or affect the rights of creditors under section 3911.10 of the Revised Code.
Notes of Decisions
Cited in 4 cases, 1960–2012 · leading case: In Re Kudela, 427 B.R. 643 (Bankr. N.D. Ohio 2010).
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In Re Kudela, 427 B.R. 643 (Bankr. N.D. Ohio 2010). · cites it 6× “The court in In re Huth then went on to observe: Additional support for the Court’s holding may be found in the absence of any mention of O.R.C. § 3911.14 in Ohio’s general exemption statute, O.”
Matter of Heins, 83 B.R. 504 (Bankr. S.D. Ohio 1988). “Under one provision of Ohio law, § 3911.14, proceeds of a matured life insurance policy payable to a beneficiary are exempt from the claims of the beneficiaries’ creditors, so long as the insurance contract so provides and the beneficiary is someone other that the insured.”
In re May, 478 B.R. 431 (Bankr.D. Colo. 2012). “§ 83-7-5; Ohio Rev.Code Ann. § 3911.14; and Va.Code Ann.”
Rundle v. Welch, 184 F. Supp. 777 (S.D. Ohio 1960). “Ohio Revised Code, § 3911.14, then known as Ohio General Code, § 9398-1.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.