Ohio § 3929.34
Full text of Ohio Ohio Revised Code § 3929.34, with citation guidance and answers to common questions.
§ 3929.34.
(A) All unallocated payments in division (B) of section 3929.33 of the Revised Code made in a given calendar year subsequent to the first four years in which a corporation
has been issuing such policies shall be distributed as follows: (1) Thirty-five per cent shall be charged to the policies written in that year; (2) Forty per cent to the policies written in the preceding year; (3) Ten per cent to the policies written in the second year preceding; (4) Ten per cent to the policies written in the third year preceding; (5) Five per cent to the policies written in the fourth year preceding. (B) Such payments made in the first four calendar years in which a corporation has been
issuing such policies shall be distributed as follows: (1) In the first calendar year one hundred per cent shall be charged to the policies
written in that year; (2) In the second calendar year fifty per cent shall be charged to the policies written
in that year and fifty per cent to the policies written in the preceding year; (3) In the third calendar year forty per cent shall be charged to the policies written
in that year, forty per cent to the policies written in the preceding year, and twenty
per cent to the policies written in the second year preceding; (4) In the fourth calendar year thirty-five per cent shall be charged to the policies
written in that year, forty per cent to the policies written in the preceding year,
fifteen per cent to the policies written in the second year preceding, and ten per
cent to the policies written in the third year preceding. (C) A schedule showing such distribution of unallocated payments shall be included in
its annual statement.
Frequently Asked Questions About Ohio § 3929.34
What does Ohio Revised Code § 3929.34 cover?
Section 3929.34 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 § 3929.34?
A common citation format is "Ohio Revised Code § 3929.34" (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 § 3929.34 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.