Ohio § 3929.85 Limits on assessments by associations

Ohio Statutes

§ 3929.85 — Limits on assessments by associations

Ohio § 3929.85

Title 39Insurance

Ch. 3929Domestic And Foreign Insurance Companies Other Than Life

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Bluebook

Ohio Rev. Code Ann. § 3929.85 (2026).

Text

No insurer licensed to carry on the business of insurance in this state that is required by law to contribute to or participate in, or that can be assessed by the Ohio insurance guaranty association pursuant to sections3955.01to3955.19of the Revised Code, or by the plan for apportionment of applicants for motor vehicle insurance pursuant to section4509.70of the Revised Code, or by the Ohio fair plan underwriting association pursuant to sections3929.43to3929.61of the Revised Code, or by the Ohio commercial insurance joint underwriting association pursuant to sections3930.03to3930.18of the Revised Code shall in any calendar year be required to contribute to, participate in, or be assessed by any one or more of those plans or associations in an amount or amounts totaling in excess of two and 

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No insurer licensed to carry on the business of insurance in this state that is required by law to contribute to or participate in, or that can be assessed by the Ohio insurance guaranty association pursuant to sections3955.01to3955.19of the Revised Code, or by the plan for apportionment of applicants for motor vehicle insurance pursuant to section4509.70of the Revised Code, or by the Ohio fair plan underwriting association pursuant to sections3929.43to3929.61of the Revised Code, or by the Ohio commercial insurance joint underwriting association pursuant to sections3930.03to3930.18of the Revised Code shall in any calendar year be required to contribute to, participate in, or be assessed by any one or more of those plans or associations in an amount or amounts totaling in excess of two and one-half per cent of its net direct Ohio premium volume for the year next preceding the year in which the assessment or assessments are made or the contributions or participations are required.