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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 3960.09 | Premium taxes or taxes on premiums paid for coverage of risks.

Ohio Revised Code
/
Title 39 Insurance
/
Chapter 3960 Risk Retention
 
Effective:
October 26, 1989
Latest Legislation:
House Bill 105 - 118th General Assembly
PDF:
Download Authenticated PDF
 

Premium taxes or taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members of the purchasing group shall be imposed and paid in accordance with the following:

(A) Imposed at the same rate and subject to the same interest, fines, and penalties as those applicable to premium taxes and taxes on premiums paid for similar coverage from a similar insurance source by other insureds;

(B) Paid first by the insurance source; if not by the source, then by the agent or broker for the purchasing group; if not by the agent or broker, then by the purchasing group; and if not by the purchasing group, then by each of its members.

Available Versions of this Section