State Codes and Statutes
Statutes > Ohio > Title39 > Chapter3941 > 3941_10
3941.10 Maximum premium - cash premium.
The maximum premium payable by any member of a domestic mutual company may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kind of insurance.
Effective Date: 10-01-1953
