Ohio Code § 5729.04
Ohio Code § 5729.04. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5729.04.
To compute franchise taxes on gross premiums to be paid under any law of this state
by any mutual insurance company authorized to do business under the laws of this state,
or by any stock insurance company so authorized, doing business on the plan of distributing
back to its policyholders at the end of the policy year refunds of a portion of the
premium collected, the amount of premium deposits received by the company upon any
risk written pursuant to section 3925.34 or division (A)(1), (2), (7), or (14) of
section 3929.01 of the Revised Code, within this state in excess of the net cost of
insurance to the insured shall not be included where the excess deposit is returned
ratably by the company to its policyholders; but the amount of gross or aggregate
premiums received by the company is deemed the balance remaining after deducting from
the gross amount of premium deposits received or collected by it on risks in this
state during the preceding calendar year that portion of gross premium deposits returned
by it to policyholders during the preceding calendar year, upon the cancellation or
expiration of risks upon property situated within this state. In addition to the matters of return required to be made by insurance companies
for the purpose of computing taxes, any company shall also return for such purpose
in its annual statement: (A) The gross amount of premium deposits received or collected by it on risks in this
state during the preceding calendar year; (B) The total amount of gross premium deposits returned to policyholders during such
preceding calendar year upon cancellation and upon expiration of risks upon property
situated within this state. Where insurance against fire is included with insurance against other perils at an
undivided premium, a reasonable allocation from the entire premium shall be made for
the fire portion of the coverage in such manner as the superintendent of insurance
may direct.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5729.04
- 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 § 5729.04?
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 § 5729.04 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 § 5729.04 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.