Ohio § 3905.901 Determination of direct written premiums for bail bonds

Ohio Statutes

§ 3905.901 — Determination of direct written premiums for bail bonds

Ohio § 3905.901

Title 39Insurance

Ch. 3905Insurance Producers Licensing Act

This text of Ohio § 3905.901 (Determination of direct written premiums for bail bonds) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3905.901 (2026).

Text

(A)As used in the annual statement of condition filed by a bail bond insurer with the department of insurance pursuant to section3929.30of the Revised Code, the direct written premiums for bail bonds written by an insurer shall be determined as the gross bail bond premiums less any amounts retained by surety bail bond agents. Notwithstanding the foregoing, the direct written premiums reported for bail bonds shall not be less than six and one-half per cent of the gross bail bond premiums received by the insurer's agents.

(B)Every bail bond insurer shall include the following information with the insurer's annual statement of condition filed with the department of insurance pursuant to section3929.30of the Revised Code:

(1)Bail bond premiums written prior to deducting the amounts retain

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(A) As used in the annual statement of condition filed by a bail bond insurer with the department of insurance pursuant to section3929.30of the Revised Code, the direct written premiums for bail bonds written by an insurer shall be determined as the gross bail bond premiums less any amounts retained by surety bail bond agents. Notwithstanding the foregoing, the direct written premiums reported for bail bonds shall not be less than six and one-half per cent of the gross bail bond premiums received by the insurer's agents.

(B) Every bail bond insurer shall include the following information with the insurer's annual statement of condition filed with the department of insurance pursuant to section3929.30of the Revised Code:

(1) Bail bond premiums written prior to deducting the amounts retained by surety bail bond agents;

(2) Amounts withheld by surety bail bond agents as an expense, not reported as an expense by the insurer.