Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Any company which violates sections 5729.07 to 5729.09, inclusive, of the Revised Code, shall, upon notice and satisfactory proof being made to the superintendent of insurance, have its authority to transact business in this state revoked for a period of not less than ninety days. Any insurance company whose license to do business in this state is revoked pursuant to this section shall not be again permitted to do business in this state until all taxes and penalties due from it have been paid, together with any expense that may be due under sections 5729.01 to 5729.15, inclusive, of the Revised Code. Such company shall only be readmitted to transact business in this state upon a complete recompliance with the laws in regard to the admission of such company.
Structure Ohio Revised Code
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 5729.101 | 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 5729.17 | 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.