Ohio Revised Code § 3941.14 - Expense Shall Not Exceed Forty Per Cent Of Premium Income.

Subsequent to the first calendar year after organization, the expense of management of any domestic mutual company shall not exceed in any one calendar year forty per cent of its premium income in such year; provided that the income on policies issued on the premium note or assessment plan shall be computed according to the annual basic premium.

Effective Date: 10-01-1953

Section: Previous  3941.07  3941.08  3941.09  3941.10  3941.11  3941.12  3941.13  3941.14  3941.15  3941.16  3941.17  3941.18  3941.19  3941.20  3941.21  Next

Last modified: October 10, 2016