Ohio § 1321.73
Full text of Ohio Ohio Revised Code § 1321.73, with citation guidance and answers to common questions.
§ 1321.73.
(A) No person shall engage in the business of entering into or otherwise acquiring premium
finance agreements in the state without first having obtained a license as a premium
finance company from the division of financial institutions. (B) The annual license fee shall be determined by the superintendent of financial institutions
pursuant to section 1321.20 of the Revised Code . Licenses may be renewed from year to year as of the first day of July of each year,
or annually on a different date established by the superintendent pursuant to section 1181.23 of the Revised Code , upon payment of the fee. (C) The person to whom the license or the renewal thereof is issued shall file sworn
answers, subject to the penalties of perjury, to such interrogatories as the division
requires. The division may, at any time, require the applicant to fully disclose the identity
of all stockholders, partners, officers, and employees, and it may, at its discretion,
refuse to issue or renew a license in the name of any firm, partnership, or corporation
if it is not satisfied that any officer, employee, stockholder, or partner thereof,
who may materially influence the applicant's conduct, meets the standards provided
by sections 1321.71 to 1321.83 of the Revised Code . (D) Each applicant shall execute and file with the division proof that the applicant
has a net worth of at least fifty thousand dollars, as determined in accordance with
generally accepted accounting principles. The proof is subject to the approval of the division.
Frequently Asked Questions About Ohio § 1321.73
What does Ohio Revised Code § 1321.73 cover?
Section 1321.73 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 § 1321.73?
A common citation format is "Ohio Revised Code § 1321.73" (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 § 1321.73 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.