Ohio § 3905.40
Full text of Ohio Ohio Revised Code § 3905.40, with citation guidance and answers to common questions.
§ 3905.40.
There shall be paid to the superintendent of insurance the following fees: (A) Each insurance company doing business in this state shall pay: (1) For filing a copy of its charter or deed of settlement, two hundred fifty dollars; (2) For filing each statement, one hundred seventy-five dollars; (3) For each certificate of authority or license, one hundred seventy-five, and for each
certified copy thereof, five dollars; (4) For each copy of a paper filed in the superintendent's office, twenty cents per page; (5) For issuing certificates of deposits or certified copies thereof, five dollars for
the first certificate or copy and one dollar for each additional certificate or copy; (6) For issuing certificates of compliance or certified copies thereof, sixty dollars; (7) For affixing the seal of office and certifying documents, other than those enumerated
herein, two dollars; (8) For each agent appointment and each annual renewal of an agent appointment, not more
than twenty dollars. (B) Each domestic life insurance company doing business in this state shall pay for annual
valuation of its policies, one cent on every one thousand dollars of insurance. (C) Each applicant for licensure as an insurance agent except applicants for licensure
as surety bail bond agents, surplus line brokers, portable electronics insurance vendors,
and self-service storage facilities shall pay ten dollars for each line of authority
requested. Fees collected under this division shall be credited to the department of insurance
operating fund created in section 3901.021 of the Revised Code . (D) Each domestic mutual life insurance company shall pay for verifying that any amendment
to its articles of incorporation was regularly adopted, two hundred fifty dollars
with each application for verification. Any such amendment shall be considered to have been regularly adopted when approved
by the affirmative vote of two-thirds of the policyholders present in person or by
proxy at any annual meeting of policyholders or at a special meeting of policyholders
called for that purpose. (E) Each insurance agent doing business in this state shall pay a biennial license renewal
fee of twenty-five dollars, except the following insurance agents are not required
to pay that license renewal fee: (1) Individual resident agents who have met their continuing education requirements under section 3905.481 of the Revised Code ; (2) Surety bail bond agents; (3) Surplus line brokers; (4) Portable electronics insurance vendors; (5) Self-service storage facilities; (6) Limited lines travel insurance agents. (F) Each applicant for licensure as a portable electronics insurance vendor with a portable
electronics insurance limited lines license and each licensed vendor doing business
in this state shall pay the following fees prescribed by the superintendent: (1) For vendors engaged in portable electronic transactions at more than ten locations
in this state, an application fee not to exceed five thousand dollars for an initial
license and a biennial license renewal fee not to exceed two thousand five hundred
dollars for each renewal thereafter; (2) For vendors engaged in portable electronic transactions at ten or fewer locations
in this state, an application fee not to exceed three thousand dollars for an initial
license and a biennial license renewal fee not to exceed one thousand dollars for
each renewal thereafter. (G) Each applicant for licensure as a limited lines travel insurance agent shall pay
an application fee prescribed by the superintendent not to exceed fifty dollars for
an initial license and a biennial license renewal fee prescribed by the superintendent
not to exceed fifty dollars for each renewal thereafter. (H) Each applicant for a self-service storage insurance limited lines license and each
holder of such a license in this state shall pay an application fee not to exceed
ten dollars for an initial license and a biennial license renewal fee not to exceed
twenty-five dollars for each renewal thereafter. (I) All fees collected by the superintendent under this section except any fees collected
under divisions (A)(2), (3), and (6) of this section shall be credited to the department
of insurance operating fund created under section 3901.021 of the Revised Code .
Frequently Asked Questions About Ohio § 3905.40
What does Ohio Revised Code § 3905.40 cover?
Section 3905.40 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 § 3905.40?
A common citation format is "Ohio Revised Code § 3905.40" (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 § 3905.40 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.