Ohio Revised Code § 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.

Effective Date: 10-01-1953

Section: Previous  3941.03  3941.04  3941.05  3941.06  3941.07  3941.08  3941.09  3941.10  3941.11  3941.12  3941.13  3941.14  3941.15  3941.16  3941.17  Next

Last modified: October 10, 2016