A deferred fixed annuity issued in Ohio in 2025 lapses after the surrender charge period. Which Ohio statute primarily governs the minimum nonforfeiture amount the insurer must pay the contract owner?

Why this is the answer

R.C. 3915.073 is Ohio's Standard Nonforfeiture Law for individual deferred annuities. It prescribes minimum nonforfeiture amounts by accumulating 87.5% of gross considerations at the nonforfeiture interest rate, less prior withdrawals, a $50 annual contract charge, premium tax and any indebtedness.