The total of all initial premiums collected by the treasurer of state under section 146.07 of the Revised Code is the basic capital account of the volunteer fire fighters' dependents fund, and no further contributions are required of its members until such time as claims against the fund have reduced it to ninety-five per cent or less of its basic capital account. In such event, the state fire marshal shall cause the following assessments, based on current valuation, to be made and certified to the legislative body of each member of the fund having a volunteer fire department or employing volunteer fire fighters:
(A) For a member with an assessed property valuation of less than seven million dollars, ninety dollars;
(B) For a member with an assessed property valuation of seven million dollars but less than fourteen million dollars, one hundred five dollars;
(C) For a member with an assessed property valuation of fourteen million dollars but less than twenty-one million dollars, one hundred twenty dollars;
(D) For a member with an assessed property valuation of twenty-one million dollars but less than twenty-eight million dollars, one hundred thirty-five dollars;
(E) For a member with an assessed property valuation of twenty-eight million dollars or more, one hundred fifty dollars.
Every private volunteer fire company which is a member of the fund shall be assessed one hundred fifty dollars.
Effective Date: 03-17-1989
Section: Previous 146.02 146.03 146.04 146.05 146.06 146.07 146.08 146.09 146.10 146.11 146.12 146.13 146.14 146.15 146.16 NextLast modified: October 10, 2016