Ohio Revised Code Search

...n the business of retail trade if fifty per cent or more of the gross income received from sales of products in the building or structure by the owner or operator is from sales of products produced or raised in a normal crop year on farms owned or operated by the seller. (2) Existing single-family, two-family, and three-family detached dwelling houses for which applications have been submitted to the director of c...

...eans any building at least seventy-five per cent of the units of which are residential dwelling units rented or leased to tenants upon other than a transient basis and does not include a "hotel" as that term is defined in section 3731.01 of the Revised Code but does include a college or university dormitory. (3) "Condominium" means any building composed of individually owned units and operated by an association of o...

...a late payment fee equal to twenty-five per cent of the inspection fee. (D) The board of building standards shall pay the fees assessed under this section into the state treasury to the credit of the industrial compliance operating fund created in section 121.084 of the Revised Code.

...ded, however, that not more than twenty per cent of sleeping rooms may be so designated. (C) Family-owned and operated places of employment in which all employees are related to the owner, but only if the enclosed areas of the place of employment are not open to the public, are in a freestanding structure occupied solely by the place of employment, and smoke from the place of employment does not migrate into an en...

...funds to compacting states based on the per cent of the state's prize obligation in relation to the total obligation amount of all compacting states; 7. To bring and prosecute legal proceedings or actions in its name as the commission; 8. To issue subpoenas requiring the attendance and testimony of witnesses and the production of evidence; 9. To establish and maintain offices; 10. To borrow, accept, or contra...

...y the beneficial owner of more than ten per cent of any class of any equity security of a domestic stock insurance company which is not a wholly owned subsidiary of an insurance holding company system or who is a director or officer of such company, shall file with the superintendent of insurance within ten days after the person becomes such beneficial owner, director, or officer, a statement in such form as the supe...

...r investments involving one-half of one per cent or less of an insurer's admitted assets as of the thirty-first day of December next preceding shall not be deemed material for the purposes of this section. The definition of materiality provided in this division shall not apply for purposes of the group capital calculation or the liquidity stress test framework. (E) Each registered insurer shall keep current the inf...

...elve months, exceeds the greater of ten per cent of the insurer's surplus as regards policyholders as of the thirty-first day of December next preceding, or the net income of the insurer for the twelve-month period ending the thirty-first day of December next preceding, but shall not include pro rata distributions of any class of the insurer's own securities. Any dividend or distribution paid from other than earned...

...o an annual percentage rate of eighteen per cent. (C) For purposes of this section, if a dispute exists between a provider and a third-party payer as to the day a payment was made by the third-party payer, both of the following apply: (1) If the third-party payer or a person acting on behalf of the third-party payer submits a payment directly to a provider by mail and retains a record of the day the payment was mai...

... (B) Beginning on July 1, 1993, twenty per cent of the amount that is collected under division (A) of this section from foreign insurance companies that sell fire insurance to residents of this state shall be paid into the state fire marshal's fund created under section 3737.71 of the Revised Code. The director of commerce, with the approval of the director of budget and management, may increase the percentage descr...

...y the secondary plan exceed one hundred per cent of expenses allowable under the provisions of the applicable policies and contracts. (D) A third-party payer may require a beneficiary to file a claim with the primary plan before it determines the amount of its payment obligation, if any, with regard to that claim. (E) Nothing in this section shall be construed to require a plan to make a payment until it determines...

...g directly or indirectly more than five per cent of any class of any equity security issued by the insurer; (iv) Any other person, firm, corporation, association, or aggregation of persons with whom the insurer did not deal at arm's length. (3) Where the preference is voidable, the liquidator may recover the property or the value of the property from the initial transferee, and if the property has been transferred ...

... this section being reduced by fifteen per cent of the amount of such excess first-year premium; (b) All present values of benefits and premiums being determined without reference to premiums and benefits provided for by the policy after the assumed ending date; (c) The policy being assumed to mature on the assumed ending date as an endowment; (d) The cash surrender value provided on the assumed ending date ...

...ssumes no reinsurance in excess of five per cent of direct premium written.

...r of the following: (a) If one hundred per cent of the insured risk is located out of the state in which an insured maintains its principal place of business or principal residence as described in division (A)(1)(a) of this section, "home state" means the state to which the greatest percentage of the insured's taxable premium for that insurance contract is allocated. (b) If more than one insured from an affiliated ...

...oducer is equal to or greater than five per cent of the admitted assets of the insurer, as reported in the insurer's quarterly statement filed as of the thirtieth day of September of the immediately preceding year, all of the following apply: (1) The controlled insurer shall not accept business from the controlling producer and the controlling producer shall not place business with the controlled insurer, unless the...

...tten premium equal to or more than five per cent of the policyholder surplus of the insurer as reported in the last annual statement of the insurer in any one year; (ii) Adjusts or pays claims, or negotiates reinsurance on behalf of the insurer. (2) "Managing general agent" does not include any of the following: (a) An employee of the insurer; (b) A United States manager of the United States branch of an alien in...

...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 section 3929.30 of the Revised Code: (1) Bail bond premiums written prior to deducting the amounts retained by surety bail bond agents;...

...) Build-up funds shall not exceed forty per cent of the premium as established by the surety bail bond agent's contract agreement with the insurer or managing general agent. Build-up funds received shall be immediately deposited to the build-up trust account. Interest earned on build-up trust accounts shall accrue to the surety bail bond agent. (C) Build-up funds are due upon termination of the surety bail bond agen...

... fees or cash reparation fees; (2) Ten per cent assignments; (3) Other nonsurety court bonds, if the agent provides full written disclosure and receipts and retains copies of all documents and receipts for not less than three years. (H) Participate in the capacity of an attorney at a trial or hearing of a principal; (I) Accept anything of value from a principal for providing a bail bond, other than the premiu...

...ngements, the greater of three hundred per cent of the risk-based capital amount reported in the annual statement or the quotient of annualized net earned premiums divided by twelve. (2) The superintendent may, in accordance with division (B) of this section, establish by order a minimum financial security benchmark to apply to a specific insurer that exceeds the amount arrived at under division (A)(1) of this...

...l be limited to an amount equal to ten per cent of the insurer's liabilities.

...Experience Table, with interest at four per cent annually, or calculated by any other higher standard that the company has adopted, and the unearned premium on all personal accident and sickness insurance.

...ble of Mortality, with interest at four per cent annually, or calculated by any other higher standard that the company has adopted, and the unearned premium on all personal accident and sickness insurance in force; (K) The amount of capital stock, specifying amount paid and unpaid; (L) The amount of dividends unpaid and the amount of all other liabilities; (M) A detailed statement of all the assets of the company,...

...except that a voting power of fifty-one per cent shall be applied to the determination of control or affiliation for purposes of this section. (B) An employer, or a trust that is sponsored by an employer for the benefit of its employees, has an insurable interest in each of the lives of its employees, directors, and retired employees. Notwithstanding sections 3911.09 and 3917.01 of the Revised Code, an employer or t...