Ohio Rev. Code » Chapter 3999
Ohio Revised Code

Ohio Rev. Code § 3999.05 (2026)

Rebates and other inducements from life insurance companies

✓ current as of May 2026
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Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
PDF:
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No life insurance company doing business in this state, or an officer, agent, solicitor, or representative thereof, shall pay, allow, or give, or offer to pay, allow, or give, directly or indirectly, as an inducement to insurance, a rebate of the premium payable on a policy, or a special favor or advantage in the dividends or other benefits to accrue thereon, or a paid employment or contract for services of any kind, or any valuable consideration or inducement not specified in the policy of insurance, or give, sell, or purchase, or offer to give, sell, or purchase, as an inducement for insurance, any stocks, bonds, or securities of an insurance company or other corporation, association, or partnership, or any dividends or profits to accrue thereon, or anything of value not specified in the policy.
Notes of Decisions
Cited in 1 case, 1994–1994 · leading case: Lillback v. Metro. Life Ins., 640 N.E.2d 250 (Ohio Ct. App. 1994).
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Lillback v. Metro. Life Ins., 640 N.E.2d 250 (Ohio Ct. App. 1994). · cites it 5× “Howard’s letter outlined in detail all of the potential violations of the Code of Professional Responsibility presented by Lillback’s conduct, and additionally proposed that offering drafting services to potential insurance clients was a sort of rebate, and therefore violative…”
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