Smith v. Ohio Valley Ins.

At issue in this ease is the applicability of the Ohio Insurance Guaranty Association Act, E. C. Chapter 3955, which became effective September 4, 1970, as to claims against an insolvent insurance company (Ohio Valley Insurance Company), where such claims existed prior to September 4, 1970, where the company from December 31, 3969, on “was [continuously] insolvent in the sense that it did not possess sufficient assets with which to discharge its liabilities and in the sense that it did not possess suf*270ficient liquid assets to meet its obligations as such obligations become due, ’ ’ but where…