Ohio § 3935.03
Full text of Ohio Ohio Revised Code § 3935.03, with citation guidance and answers to common questions.
§ 3935.03.
Rates shall be made as follows: (A) Manual, minimum class rates, rating schedules, or rating plans shall be made and
adopted, except in the case of specific inland marine rates on risks specially rated. (B) Rates shall not be excessive, inadequate, or unfairly discriminatory. (C) Consideration shall be given to: (1) Past and prospective loss experience within and outside this state; (2) Conflagration and catastrophe hazards; (3) A reasonable margin for underwriting profit and contingencies; (4) Dividends, savings, or unabsorbed premium deposits allowed or returned by insurers
to their policyholders, members, or subscribers; (5) Past and prospective expenses both countrywide and those specially applicable to
this state; (6) All other relevant factors within and outside this state; (7) In the case of fire insurance rates, the experience of the fire insurance business
during a period of not less than the most recent five year period for which such experience
is available. Except to the extent necessary to comply with division (B) of this section, uniformity
among insurers in any matters within the scope of this section is neither required
nor prohibited. Rates made in accordance with this section may be used subject to sections 3935.01 to 3935.17, inclusive, of the Revised Code .
Frequently Asked Questions About Ohio § 3935.03
What does Ohio Revised Code § 3935.03 cover?
Section 3935.03 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 § 3935.03?
A common citation format is "Ohio Revised Code § 3935.03" (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 § 3935.03 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.