Ohio § 5729.04
Full text of Ohio Ohio Revised Code § 5729.04, with citation guidance and answers to common questions.
§ 5729.04.
To compute franchise taxes on gross premiums to be paid under any law of this state
by any mutual insurance company authorized to do business under the laws of this state,
or by any stock insurance company so authorized, doing business on the plan of distributing
back to its policyholders at the end of the policy year refunds of a portion of the
premium collected, the amount of premium deposits received by the company upon any
risk written pursuant to section 3925.34 or division (A)(1), (2), (7), or (14) of
section 3929.01 of the Revised Code, within this state in excess of the net cost of
insurance to the insured shall not be included where the excess deposit is returned
ratably by the company to its policyholders; but the amount of gross or aggregate
premiums received by the company is deemed the balance remaining after deducting from
the gross amount of premium deposits received or collected by it on risks in this
state during the preceding calendar year that portion of gross premium deposits returned
by it to policyholders during the preceding calendar year, upon the cancellation or
expiration of risks upon property situated within this state. In addition to the matters of return required to be made by insurance companies
for the purpose of computing taxes, any company shall also return for such purpose
in its annual statement: (A) The gross amount of premium deposits received or collected by it on risks in this
state during the preceding calendar year; (B) The total amount of gross premium deposits returned to policyholders during such
preceding calendar year upon cancellation and upon expiration of risks upon property
situated within this state. Where insurance against fire is included with insurance against other perils at an
undivided premium, a reasonable allocation from the entire premium shall be made for
the fire portion of the coverage in such manner as the superintendent of insurance
may direct.
Frequently Asked Questions About Ohio § 5729.04
What does Ohio Revised Code § 5729.04 cover?
Section 5729.04 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 § 5729.04?
A common citation format is "Ohio Revised Code § 5729.04" (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 § 5729.04 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.