Ohio Rev. Code § 3941.10

Current with legislation from 2024 received as of August 15, 2024.
Section 3941.10 - Maximum premium - cash premium

The maximum premium payable by any member of a domestic mutual company may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kind of insurance.

R.C. §3941.10

Effective Date: 10/1/1953 .