Ohio Miscellaneous Regulatory Material
DEPARTMENT OF INSURANCE BULLETINS
Bulletin 94-2 Section 3737.71 of the Ohio Revised Code -- state fire marshal's tax
Effective Date
February 23, 1994
February 23, 1994
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Ohio Miscellaneous Regulatory Material Bulletin 94-2 Section 3737.71 of the Ohio Revised Code -- state fire marshal's tax |
Effective Date
February 23, 1994 |
Insurance companies subject to Ohio's Fire Marshal's tax were given updated instructions for the calculation of the tax with the instruction package for the filing of the 1993 Annual Statement. This bulletin confirms those instructions.
Section 3737.71 states:
"Each insurance company doing business in this state shall pay to the state in installments, at the time of making the payments required by section 5729.05 of the Revised Code, in addition to the taxes required to be paid by it, three-fourths of one per cent on the gross premium receipts derived from fire insurance and that portion of the premium reasonably allocable to insurance against the hazard of fire included in other coverages except life and sickness and accident insurance, after deducting return premiums paid and considerations received for reinsurances as shown by the annual statement of such company made pursuant to sections 3929.30, 3931.06, and 5729.02 of the Revised Code. The money received shall be paid into the state treasury to the credit of the state fire marshal's fund, which is hereby created."
After study by this department, the following percentages are deemed to be "reasonably allocable to insurance against the hazard of fire."
Fire 100%
Farmowners Multiple Peril 35%
Homeowners Multiple Peril 40%
Commercial Multiple Peril
(Non-liability portion) 50%
Ocean Marine 10%
Inland Marine 10%
Earthquake 10%
Auto Physical Damage
(Excluding collision) 10%
Aircraft Physical Damage 20%
All Other Lines Which
Include Fire Hazard 10%The instructions in this bulletin shall be used for the filing of your 1993 "Statement of Fees, Premium Taxes and Other Obligations," included with your Annual Statement for December 31, 1993.
Harold T. Duryee
Director of InsuranceCROSS REFERENCE 3737.71
DATE NEW 1994
SUBJECT CATEGORY 100 - Property and fire insurance / insurers
120 - Casualty and liability insurance / insurers140 - Automobile insurance / insurers
180 - Marine insurance / insurers
360 - Filing and reporting requirements
580 - Fees and taxes
860 - Fire MarshalINDEX
State Fire Marshal and Premium taxes and Fire insurers
Filing requirements and Premium taxes and Fire insurers
Tax rates and Premium taxes and Fire insurers