Ohio Rev. Code § 3923.17

Prohibition of rebates not to prohibit commissions or dividends

Last amended: 1953Year: 2026Length: 107 wordsOfficial source
October 1, 1953 House Bill 1 - 100th General Assembly The laws of this state prohibiting rebates do not prohibit any of the following: (A) The payment of a commission or other compensation to any licensed agent or broker; (B) Any insurer from allowing or returning to its participating policyholders dividends, savings, or unused premium deposits; (C) Any insurer from returning or otherwise abating, in full or in part, the premiums of its policyholders out of surplus accumulated from nonparticipating insurance; (D) The taking of a bona fide obligation, with interest at a rate not exceeding six per cent per annum, in the payment of any premium.
Ohio Rev. Code § 3923.17: Prohibition of rebates not to prohibit commissions or dividends | Justis AI