Ohio § 5729.10 Revocation of license for failure to pay tax or make report - action to recover taxes - report on ceasing to do business

Ohio Statutes

§ 5729.10 — Revocation of license for failure to pay tax or make report - action to recover taxes - report on ceasing to do business

Ohio § 5729.10

Title 57Taxation

Ch. 5729Foreign Insurance Companies

This text of Ohio § 5729.10 (Revocation of license for failure to pay tax or make report - action to recover taxes - report on ceasing to do business) 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. § 5729.10 (2026).

Text

If a company fails to pay the tax levied by section5729.03of the Revised Code, or to make any partial payment thereof as required by law after a statement thereof has been made and mailed to it, or if the annual statement required by law to be made by it is false or incorrect, the superintendent of insurance may revoke the license of such company doing business in this state. Upon failure to pay the tax or to make partial payment thereof according to law, the treasurer of state shall certify that fact to the attorney general, who shall thereupon begin an action against the company in the court of common pleas of Franklin county, or any other county the attorney general elects, to recover the amount of the tax. If such company ceases to do business in this state, it shall thereupon make a r

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If a company fails to pay the tax levied by section5729.03of the Revised Code, or to make any partial payment thereof as required by law after a statement thereof has been made and mailed to it, or if the annual statement required by law to be made by it is false or incorrect, the superintendent of insurance may revoke the license of such company doing business in this state. Upon failure to pay the tax or to make partial payment thereof according to law, the treasurer of state shall certify that fact to the attorney general, who shall thereupon begin an action against the company in the court of common pleas of Franklin county, or any other county the attorney general elects, to recover the amount of the tax. If such company ceases to do business in this state, it shall thereupon make a report to the superintendent of the gross amount of premiums not theretofore reported as provided in section5729.02or5729.04of the Revised Code received by it from policies covering risks within this state prior to such discontinuance of business, after deducting return premiums and considerations received for reinsurance not theretofore so reported, and shall forthwith pay to the treasurer of state a like per cent of tax thereon.

Last updated July 30, 2025 at 11:31 AM