Ohio Code § 3919.33
Ohio Code § 3919.33. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3919.33.
The expenses of corporations, companies, or associations referred to in section 3919.31 of the Revised Code shall be met by fixed annual payments, payable quarterly or otherwise, or by assessments
on the members, payable as provided in the bylaws. On either plan there may be included, in such payments or assessments, a certain
per cent thereof, to be fixed by the bylaws, which when collected must be credited
on the books of the company to the expense fund, and the residue of such payments
or assessments must be credited to the fund to pay losses and create a reserve or
guarantee fund for the payment of losses and liabilities. Such funds must be kept separate and never shall be interchanged or used for purposes
other than those for which they were respectively collected; except that funds collected,
but not required for expenses, may be transferred to the fund for payment of losses
or the reserve or guarantee fund. The assessed member shall be notified at the time of the collection of each payment,
the per cent thereof that is collected to pay expenses, and the per cent thereof that
is collected to pay losses and create a guarantee fund. This section does not prevent the company from distributing to certificate holders
the surplus in the accident fund and the surplus arising from the reserve on lapsed
and canceled certificates, as provided by the bylaws of the company.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3919.33
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 3919.33?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 3919.33 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 3919.33 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
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