Ohio Statutes
§ 3941.14 — Expense shall not exceed forty per cent of premium income
Ohio § 3941.14
This text of Ohio § 3941.14 (Expense shall not exceed forty per cent of premium income) 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. § 3941.14 (2026).
Text
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.
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Legislative History
Effective: October 1, 1953 | Latest Legislation: House Bill 1 - 100th General Assembly
Nearby Sections
15
§ 3941.02
Organization of domestic mutual company - kinds of insurance transacted - licensing of agent§ 3941.03
Amendment of articles§ 3941.07
Every policyholder a member§ 3941.08
Advance cash premiums§ 3941.09
Amendment of bylaws§ 3941.10
Maximum premium - cash premium§ 3941.12
Investment of assets§ 3941.15
Assessment by impaired companyCite This Page — Counsel Stack
Bluebook (online)
Ohio § 3941.14, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/3941.14.