Ohio § 3930.08
Full text of Ohio Ohio Revised Code § 3930.08, with citation guidance and answers to common questions.
§ 3930.08.
In the event that sufficient funds are not available, from mechanisms provided for
in sections 3930.04 , 3930.06 , and 3930.07 of the Revised Code , for the sound financial operation of the Ohio commercial insurance joint underwriting
association, all members shall contribute to the financial requirements of the association
in the manner provided for in section 3930.05 of the Revised Code . No member shall be obligated in any one year to reimburse the association on account
of its proportionate share in the deficit from operations of the association in that
year in excess of one-half of one per cent of its net direct premiums within this
state and the aggregate amount not so reimbursed shall be reallocated among the remaining
members in accordance with the method of determining participation prescribed in this
section, after excluding from the computation the total net direct premiums of all
members not sharing in such excess deficit. If a member is assessed or may be assessed because of a deficit, or projected deficit,
it may recoup the assessment by increasing its commercial insurance policyholders'
rates.
Frequently Asked Questions About Ohio § 3930.08
What does Ohio Revised Code § 3930.08 cover?
Section 3930.08 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 § 3930.08?
A common citation format is "Ohio Revised Code § 3930.08" (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 § 3930.08 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.