Ohio § 4123.321 Disposition of insurance fund excess surplus

Ohio Statutes

§ 4123.321 — Disposition of insurance fund excess surplus

Ohio § 4123.321

Title 41Labor and Industry

Ch. 4123Workers' Compensation

This text of Ohio § 4123.321 (Disposition of insurance fund excess surplus) 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. § 4123.321 (2026).

Text

The bureau of workers' compensation board of  directors, based upon recommendations of the workers' compensation  actuarial committee, shall adopt a rule with respect to the  collection, maintenance, and disbursements of the state insurance  fund providing that in the event there is developed as of any  given rate revision date a surplus of earned premium over all  losses that, in the judgment of the board, is larger than is  necessary adequately to safeguard the solvency of the fund, the  board may return such excess surplus to the subscribers to the  fund in either the form of cash refunds or a reduction of  premiums, regardless of when the premium obligations have accrued.

Free access — add to your briefcase to read the full text and ask questions with AI

The bureau of workers' compensation board of directors, based upon recommendations of the workers' compensation actuarial committee, shall adopt a rule with respect to the collection, maintenance, and disbursements of the state insurance fund providing that in the event there is developed as of any given rate revision date a surplus of earned premium over all losses that, in the judgment of the board, is larger than is necessary adequately to safeguard the solvency of the fund, the board may return such excess surplus to the subscribers to the fund in either the form of cash refunds or a reduction of premiums, regardless of when the premium obligations have accrued.