Ohio § 3901.86
Full text of Ohio Ohio Revised Code § 3901.86, with citation guidance and answers to common questions.
§ 3901.86.
(A) When the laws of any other state, district, territory, or nation impose any taxes,
fines, penalties, license fees, deposits of money, securities, or other obligations
or prohibitions on insurance companies of this state doing business in that state,
district, territory, or nation, or upon their agents therein, the same obligations
and prohibitions shall be imposed upon insurance companies of the other state, district,
or nation doing business in this state and upon their agents. When the laws of any other state, district, territory, or nation impose a requirement
for countersignature and payment of a fee or commission upon agents of this state
for placing any coverage in that state, district, territory, or nation, then the same
requirements of countersignature and fee or commission shall be imposed upon agents
of that state, district, territory, or nation for placing any coverage in this state. (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 described in this division so that it will yield an amount
that the director of commerce determines necessary to assist in the maintenance and
administration of the office of the fire marshal and in defraying the costs of operating
the Ohio fire academy established by section 3737.33 of the Revised Code .
Frequently Asked Questions About Ohio § 3901.86
What does Ohio Revised Code § 3901.86 cover?
Section 3901.86 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 3901.86?
A common citation format is "Ohio Revised Code § 3901.86" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 3901.86 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.