Effective: October 1, 1953 Latest Legislation: House Bill 1 - 100th General Assembly The laws of this state prohibiting rebates do not prohibit any of the following:(A) The payment of a commission or other compensation to any licensed agent or broker;(B) Any insurer from allowing or returning to its participating policyholders dividends, savings, or unused premium deposits;(C) Any insurer from returning or otherwise abating, in full or in part, the premiums of its policyholders out of surplus accumulated from nonparticipating insurance;(D) The taking of a bona fide obligation, with interest at a rate not exceeding six per cent per annum, in the payment of any premium.
Ohio Legal Code