Ohio Code 1731.07 – Premiums exempt from taxation
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The premiums or other charges received by an insurer from or on behalf of an enrolled small employer and eligible employees or retirees under a health benefit plan provided by the insurer under a qualified alliance program shall not be considered “premiums received” or “premium rate payments received” for purposes of division (A) of section 5725.18 and division (A) of section 5729.03 of the Revised Code, and are exempt from any other tax or excise in this state.
Terms Used In Ohio Code 1731.07
- Health benefit plan: means any hospital or medical expense policy of insurance or a health care plan provided by an insurer, including a health insuring corporation plan, provided by or through an insurer, or any combination thereof. See Ohio Code 1731.01
- Insurer: means an insurance company authorized to do the business of sickness and accident insurance in this state or, for the purposes of this chapter, a health insuring corporation authorized to issue health care plans in this state. See Ohio Code 1731.01
- Qualified alliance program: means an alliance program under which health care benefits are provided to one thousand or more participants. See Ohio Code 1731.01
- state: means the state of Ohio. See Ohio Code 1.59