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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3941.10 | Maximum premium - cash premium.

Ohio Revised Code
/
Title 39 Insurance
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Chapter 3941 Operation Of Mutual Insurance Companies
 
Effective:
October 1, 1953
Latest Legislation:
House Bill 100 - 100th General Assembly
PDF:
Download Authenticated PDF
 

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.

Available Versions of this Section