Ohio Revised Code Search

...ion reserve fund charge equal to twenty per cent of the total annual premium payment due for insurance through the association without regard to whether assessment as authorized in section 3930.07 of the Revised Code has been imposed. Such charge shall be separately stated in the policy, and shall continue to be charged annually until the fund reaches a level that is determined by the board of governors to be actuari...

... that year in excess of one-half of one per cent of its net direct premiums within this state and the aggregate amount not so reimbursed shall be reallocated among the remaining members in accordance with the method of determining participation prescribed in this section, after excluding from the computation the total net direct premiums of all members not sharing in such excess deficit. If a member is assessed or ma...

... maintain a reserve fund equal to fifty per cent of the amount of advance premiums or deposits received and receivable on unexpired contracts of indemnity running one year or less from date of issue, and a pro rata amount of premiums or deposits received or receivable on unexpired contracts of indemnity running more than one year from date of issue. If it appears to the superintendent of insurance that the assets, in...

...not have at any one time more than ten per cent of its admitted assets invested in real estate. (D) An association organized under this section may seek permission from the superintendent of insurance to invest funds under Chapter 3906. of the Revised Code and may invest funds under that chapter if such permission is granted. (E) Any association organized under this section may insure farm buildings, resident...

...cies not exceeding on any one risk five per cent of the company's assets, to be issued for cash premiums payable in advance without contingent liability of the policyholder.

...al company is not more than twenty-five per cent of such company's reinsurance reserve fund, computed according to law, the superintendent of insurance may permit it to continue to issue policies for such period, not exceeding ninety days, as he designates. If such impairment is not restored within the period designated, or exceeds twenty-five percent of such reinsurance reserve, no such company shall issue new poli...

... premium notes amount in gross to three per cent of the amount at risk by the company.

...ns one in which more than seventy-five per cent of the physicians are licensed osteopathic physicians.

...ce company may invest not more than ten per cent of its admitted assets in a title plant without the prior approval of the superintendent. The title plant shall be considered an admitted asset at the fair value thereof. In determining the fair value of a title plant, no value shall be attributed to furniture and fixtures, and the real estate in which the title plant is housed shall be carried as real estate. The valu...

...ote, or holds proxies representing, ten per cent or more of the voting securities of any other person. This presumption may be rebutted by a showing that control does not exist in fact. (D)(1) "Covered claim" means an unpaid claim, including one for unearned premiums, which arises out of and is within the coverage of an insurance policy or policies to which sections 3955.01 to 3955.19 of the Revised Code apply, when...

...mount not greater than one and one-half per cent of its net direct written premiums for the preceding calendar year on the kinds of insurance in that account. After an initial assessment has been made for an insolvency, any subsequent assessments for that insolvency may be calculated in the same manner as the initial assessment and may use the same calendar year's net direct written premiums as were used in determini...

...due. Such penalty shall not exceed five per cent of the unpaid assessment per month, except that no penalty shall be less than one hundred dollars per month. (3) Revoke the designation of any servicing facility when he finds claims are being handled unsatisfactorily. (C) Any final action or order of the superintendent under sections 3955.01 to 3955.19 of the Revised Code is subject to judicial review under Chapter...

...lendar year that are subject to the two per cent calendar year assessment limitation; (7) Contain additional provisions necessary or proper for the execution of the powers and duties of the association. (D) The plan of operation may provide that any or all powers and duties of the association, except those under division (N)(3) of section 3956.08 and section 3956.09 of the Revised Code, are delegated to a corpora...

...e. The forfeiture shall not exceed five per cent of the unpaid assessment per month, but shall not be less than one hundred dollars per month. (C) Any action of the board of directors or the association may be appealed to the superintendent by any member insurer if the appeal is taken within sixty days of the final action being appealed. If a member insurer is appealing an assessment, the amount assessed shall be p...

...emium or franchise tax liability twenty per cent of the assessment described in division (H) of section 3956.09 of the Revised Code in each of the five calendar years following the fiscal biennium in which the assessment was paid. The offsets shall be allowed on a year-per-year basis commencing with the first tax payment due after the fiscal biennium in which the assessment was paid. (2) If the aggregate total of t...

... and any ownership relationship of five per cent or more between the administrator and such insurance carriers. (C) Fail to remit insurance company premiums within the policy period or within the time period agreed to in writing between the insurance company and the administrator; (D) Fail to disclose in written form the method of collecting and holding any plan sponsor's funds.

...s, with power to vote, more than fifty per cent of either of the following: (1) Securities of a captive insurance company, organized as a stock corporation; (2) Membership interests of a captive insurance company organized as a nonprofit corporation or a limited liability company. (E) "Protected cell captive insurance company" means a captive insurance company organized pursuant to sections 3964.17 to 3964.1...

...elve months, exceeds the greater of ten per cent of the insurance company's surplus as regards policy holders as of the thirty-first day of December immediately preceding, or the net income of the insurance company for the twelve-month period ending the thirty-first day of December immediately preceding. (2) Pro rata distributions of any class of the insurance company's own securities shall not be considered an...

...mounts of these fees by more than fifty per cent. The fee for each welding and brazing instruction sheet and procedure qualification record shall be fifteen dollars. Any moneys collected under this section shall be paid into the state treasury to the credit of the industrial relations operating fund created in section 4101.021 of the Revised Code. (B) Piping is exempt from the requirements for submission of applicat...

...a late payment fee equal to twenty-five per cent of the invoiced fee. (H) In addition to the fees assessed in divisions (A), (B), and (C) of this section, the board of building standards shall assess the owner or user a fee of three dollars and twenty-five cents for each certificate of operation or renewal thereof issued under divisions (A) and (B) of this section and for each inspection conducted under division (C...

...a late payment fee equal to twenty-five per cent of the inspection fee. (I) In addition to the fees assessed in divisions (A), (B), (C), (D), and (E) of this section, the board of building standards shall assess a fee of three dollars and twenty-five cents for each certificate of operation or renewal thereof issued under divisions (A), (B), (C), (D), or (E) of this section and for each permit issued under section ...

...ot more than thirty-three and one-third per cent of its average receipts for the other six months of that calendar year.

...t a wage rate not less than eighty-five per cent of the minimum wage rate applicable under sections 4111.01 to 4111.17 of the Revised Code. The rules shall provide for licenses to be issued for periods not to exceed ninety days and authorizing employment at the wages of specific individuals or groups of employees, or by specific employers or groups of employers, pursuant to the rules.

... the employee in an amount equal to six per cent of the amount of the claim still unpaid and not in contest or disputed or two hundred dollars, whichever is greater. (C) In the absence of a contest, court order or dispute, an employer who is party to an agreement to pay or provide fringe benefits to an employee or to make any employee authorized deduction becomes a trustee of any funds required by such agreement to ...

...ecrease for any year shall exceed three per cent of the threshold level in existence at the time of the adjustment.