Ohio Revised Code
Chapter 5729 | Foreign Insurance Companies
Section 5729.11 | Penalty for Nonpayment of Taxes.

Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
If any foreign insurance company refuses to pay the tax levied by section 5729.03 of the Revised Code upon demand being made therefor, it shall be liable to the state at the suit of the attorney general to a penalty of not more than five hundred dollars per month for each month it has failed, after demand therefor, to pay the tax. Service of process in such action shall be made according to the requirements of law governing suits brought against such companies by a policyholder therein.

Structure Ohio Revised Code

Ohio Revised Code

Title 57 | Taxation

Chapter 5729 | Foreign Insurance Companies

Section 5729.01 | Return Premiums.

Section 5729.02 | Annual Statements of Foreign Insurance Companies.

Section 5729.03 | Computation and Collection of Tax.

Section 5729.031 | Credit Against Imposed Tax.

Section 5729.032 | Refundable Credit Against Tax on Foreign Insurance Company.

Section 5729.04 | Gross Premiums of Mutual and Stock Insurance Companies.

Section 5729.05 | Payment of Tax - Due Date - Refund.

Section 5729.06 | Retaliatory Tax Rate.

Section 5729.07 | Eligible Employee Training Costs Tax Credit.

Section 5729.08 | Issuance of Tax Credits by Ohio Venture Capital Authority.

Section 5729.09 | Annual Report Required of Chief Officer.

Section 5729.10 | Revocation of License for Failure to Pay Tax or Make Report - Action to Recover Taxes - Report on Ceasing to Do Business.

Section 5729.101 | Late Returns - Computation and Accrual of Interest.

Section 5729.102 | Application for Refund - Assessment of Deficiency.

Section 5729.11 | Penalty for Nonpayment of Taxes.

Section 5729.12 | Inspection of Books by Superintendent of Insurance.

Section 5729.13 | Revocation of Right to Do Business.

Section 5729.14 | Right to Deny Admission to Companies Which Violate Laws.

Section 5729.15 | Expenses of Inspection to Be Paid by Company.

Section 5729.16 | Nonrefundable Credit for Foreign Insurance Company Holding a Qualified Equity Investment.

Section 5729.17 | Tax Credit for Insurer That Owns a Rehabilitation Tax Credit Certificate.

Section 5729.18 | Transformational Mixed Use Development Tax Credit.

Section 5729.98 | Order of Claims for Tax Credits and Offsets.