Ohio Code § 3935.03
Ohio Code § 3935.03. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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 .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3935.03
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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 § 3935.03?
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 § 3935.03 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 § 3935.03 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Statutes are amended, repealed, and renumbered every session.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?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.