Ohio Code § 3956.20
Ohio Code § 3956.20. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3956.20.
(A)(1) A member insurer may offset against its premium or franchise tax liability twenty
per cent of the assessment described in division (H) of section 3956.09 of the Revised Code in each of the five calendar years following the fiscal biennium in which the assessment
was paid. The offsets shall be allowed on a year-per-year basis commencing with the first
tax payment due after the fiscal biennium in which the assessment was paid. (2) If the aggregate total of the assessments described in division (A)(1) of this section
and eligible for offset in a particular year exceeds a member insurer's tax liability
to this state for such year, the aggregate total of the remaining eligible assessments,
notwithstanding the five-year limitation set forth in division (A)(1) of this section,
may be offset against such tax liability in future years. (3) If a member insurer ceases doing business, all uncredited assessments may be credited
against its premium or franchise tax liability for the year it ceases doing business. (4) The Ohio life and health insurance guaranty association may require a member insurer
to report any offset to the association. (B) A member insurer that is exempt from taxes described in division (A) of this section
may recoup its assessments by a surcharge on its premiums in a sum reasonably calculated
to recoup the assessments over a reasonable period of time, as approved by the superintendent. Amounts recouped shall not be considered premiums for any other purpose, including
the computation of gross premium tax, the medical loss ratio, or agent commission. If a member insurer collects excess surcharges, the member insurer shall remit the
excess amount to the association, and the excess amount shall be applied to reduce
future assessments in the appropriate account. (C) Any sums that are acquired by member insurers by refund from the association pursuant
to division (F) of section 3956.09 of the Revised Code and that have been offset, prior to the refund, against premium or franchise tax
liability as provided in division (A) of this section shall be paid by such member
insurers to this state in the manner the superintendent of insurance requires. The association shall notify the superintendent that the refunds have been made.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3956.20
- 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
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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 § 3956.20 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 § 3956.20 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.
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