Ohio Code § 3964.13
Ohio Code § 3964.13. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3964.13.
(A)(1) Not later than the second day of March of each year, a captive insurance company
shall pay to the superintendent of insurance a fee computed in accordance with both
of the following: (a) 0.35 per cent on its net direct premiums; (b) 0.15 per cent on revenue from assumed reinsurance premiums. (2) The annual minimum aggregate fee to be paid by a captive insurance company calculated
under this division shall be seven thousand five hundred dollars. The annual maximum aggregate fee to be paid by a captive insurance company calculated
under this division shall be two hundred fifty thousand dollars. (B) The fee on reinsurance premiums set forth under division (A)(1)(b) of this section
shall not be levied on premiums for risks or portions of risks that are subject to
the fee under division (A)(1)(a) of this section. (C) A captive insurance company shall not pay any reinsurance fee pursuant to division
(A)(1)(b) of this section on revenue related to the receipt of assets by the captive
insurance company in exchange for the assumption of loss reserves and other liabilities
of another insurance company that is under common ownership and control with the captive
insurance company, if the transaction is part of a plan to discontinue the operation
of the other insurance company and the intent of the exchange is to renew or maintain
such business with the captive insurance company. (D)(1) The fee imposed in division (A) of this section shall be calculated on an annual
basis, notwithstanding policies, contracts, insurance, or contracts of reinsurance
issued on a multi-year basis. (2) In the case of multi-year policies or contracts, the premium shall be prorated for
purposes of determining the fee required under division (A) of this section. (E) All fees collected under this section shall be deposited into the state treasury
to the credit of the department of insurance operating fund.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3964.13
- 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
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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 § 3964.13 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 § 3964.13 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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