Ohio § 3955.17
Full text of Ohio Ohio Revised Code § 3955.17, with citation guidance and answers to common questions.
§ 3955.17.
(A) A rate shall not be found excessive under section 3935.03 or 3937.02 of the Revised Code solely because it contains a factor designed to recover any amounts paid to the Ohio
insurance guaranty association by a member insurer as an assessment under division (A)(3) of section 3955.08 of the Revised Code from sources other than such fund. (B) The rates subject to section 3935.03 or 3937.02 of the Revised Code may include an amount necessary to recoup assessments paid or payable to the Ohio
insurance guaranty association made pursuant to division (A)(3) of section 3955.08 of the Revised Code and reasonable expenses and costs attributable to payment and recoupment of the assessment. The association may establish a plan whereby assessments or projected assessments
due from member insurers may be payable periodically. Such plan may also provide for the calculation and use of rates or rating factors
necessary to recoup such assessments, subject to the approval of the superintendent. Member insurers of the association implementing a change in rates pursuant to the
plan shall file such changes with the superintendent, provided such changes shall
not increase rates more than the amount authorized by the association and approved
by the superintendent pursuant to the plan. The association may consult with member insurers or licensed rating bureaus in connection
with the establishment and operation of any such plan.
Frequently Asked Questions About Ohio § 3955.17
What does Ohio Revised Code § 3955.17 cover?
Section 3955.17 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 § 3955.17?
A common citation format is "Ohio Revised Code § 3955.17" (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 § 3955.17 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.