State Codes and Statutes
Statutes > Ohio > Title39 > Chapter3923 > 3923_17
3923.17 Prohibition of rebates not to prohibit commissions or dividends.
The laws of this state prohibiting rebates do not prohibit any of the following:
(A) The payment of a commission or other compensation to any licensed agent or broker;
(B) Any insurer from allowing or returning to its participating policyholders dividends, savings, or unused premium deposits;
(C) Any insurer from returning or otherwise abating, in full or in part, the premiums of its policyholders out of surplus accumulated from nonparticipating insurance;
(D) The taking of a bona fide obligation, with interest at a rate not exceeding six per cent per annum, in the payment of any premium.
Effective Date: 10-01-1953
