Ohio § 3931.07
Full text of Ohio Ohio Revised Code § 3931.07, with citation guidance and answers to common questions.
§ 3931.07.
In the annual statement provided in section 3931.06 of the Revised Code the attorney shall set forth the gross amount of premiums or deposits received during
the preceding calendar year on contracts of indemnity covering risks within the state. The attorney shall also set forth therein, in separate items, premiums paid for
cancellations, premiums or deposits returned and credited ratably to subscribers,
and considerations both received and paid for reinsurance during such year. The superintendent shall compute a tax at the rate of one and four-tenths per cent,
and in case of fire insurance an additional three-quarters of one per cent fire marshal
tax, on the balance of such gross amount of premiums or deposits, after deducting
premiums and deposits returned and credited and considerations received for reinsurances. Such tax of one and four-tenths per cent and, in the case of fire insurance, such
additional tax of three-quarters of one per cent, shall be paid at the time provided
in sections 5729.04 and 5729.05 of the Revised Code . Where insurance against fire is included with insurance against other perils at
an undivided premium, a reasonable allocation from such entire premium shall be made
for the fire portion of the coverage in such manner as the superintendent of insurance
may direct. No further taxes shall be imposed upon such attorney or the attorney's subscribers
or their representatives for the privilege of transacting business in the state. If an attorney ceases doing business in the state, the attorney shall thereupon make
a report to the superintendent of the premiums or deposits subject to taxation, not
previously reported, and forthwith pay to the superintendent a tax thereon computed
according to law. If such attorney fails to make any report for taxation, or fails to pay any tax
as required by this section, the attorney's subscribers shall be liable to the state
for such unpaid taxes, and a penalty of not more than twenty-five per cent per annum
after demand therefor. Service of process in any action to recover such tax or penalty shall be made according
to the law relating to actions against the attorney and the attorney's subscribers.
Frequently Asked Questions About Ohio § 3931.07
What does Ohio Revised Code § 3931.07 cover?
Section 3931.07 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 § 3931.07?
A common citation format is "Ohio Revised Code § 3931.07" (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 § 3931.07 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.