reglab/housing_qa huggingface dataset:
36 OK Stat § 36-3108 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3108. Misrepresentation.

|A motor service club or an officer or producer thereof shall not in any manner misrepresent the terms, benefits or privileges of any service contract issued or to be issued by it or by another motor service club. |Added by Laws 1973, c. 127, § 8, emerg. eff. May 9, 1973. Amended by Laws 2021, c. 478, § 20, emerg. eff. May 12, 2021.
36 OK Stat § 36-3109 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3109. Contracts issued contrary to act as valid and binding on company.

|Any service contract made, issued or delivered contrary to any provision of this act shall nevertheless be valid and binding on the company. |Laws 1973, c. 127, § 9, emerg. eff. May 9, 1973.
36 OK Stat § 36-3110 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3110. Inapplicability to attorneys and insurance, bonding or surety companies.

|Nothing in this act shall apply to a duly authorized attorney-at-law acting in the usual cause of his profession nor to any insurance company, bonding company or surety company now or hereafter duly and regularly licensed and doing business as such under the laws of this state. |Laws 1973, c. 127, § 10, emerg. eff. May 9, 1973.
36 OK Stat § 36-3111 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3111. Disposition of fees - Personnel.

|All filing fees and examination costs collected under this act shall be credited to the General Fund of the State of Oklahoma. The Commissioner is authorized to employ such personnel as may be necessary to carry out the provisions of this act and to fix their compensation within the amounts made available by appropriation and by the fund established by this section. |Laws 1973, c. 127, § 11, emerg. eff. May 9, 1973.
36 OK Stat § 36-3112 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3112. Penalties.

|Any person violating any of the provisions of this act shall be deemed guilty of a misdemeanor and upon conviction thereof shall be punished by a fine of not more than Five Hundred Dollars ($500.00) or by imprisonment in the county jail for not more than six (6) months, or by both such fine and imprisonment. |Laws 1973, c. 127, § 12, emerg. eff. May 9, 1973.
36 OK Stat § 36-3201 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3201. Short title.

|Sections 22 through 24 of this act shall be known and may be cited as the "Oklahoma Child Health Insurance Reform Act". |Added by Laws 1994, c. 294, § 22, eff. Sept. 1, 1994.
36 OK Stat § 36-3202 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3202. Definitions.

|As used in the Oklahoma Child Health Insurance Reform Act: |1. "Child health supervision services" means the periodic review of a child's physical and emotional status by a physician or other primary health care provider or pursuant to a physician's supervision;2. "Review" shall include but not be limited to a history, complete physical examination, developmental assessment, anticipatory guidance, appropriate immunizations and laboratory tests in keeping with prevailing medical standards;3. "Health care insurer" means any entity that provides health insurance in this state. For the purposes of the Oklahoma Child Health Insurance Reform Act, insurer includes but is not limited to a licensed insurance company, not-for-profit hospital service or medical indemnity corporation, a fraternal benefit society, a health maintenance organization, a prepaid health plan, a multiple employer welfare arrangement or any other entity providing a plan of health insurance or health benefits subject to state regulation; and4. "Health benefit plan" means any group hospital or medical policy or certificate, contract of insurance provided by a not-for-profit hospital service or medical indemnity plan, prepaid health plan, or health maintenance organization subscriber contract. Health benefit plan does not include accident-only, credit, dental, vision, Medicare supplement, long-term care, specified disease, hospital indemnity, or disability income insurance, coverage issued as a supplement to liability insurance, workers' compensation or similar insurance, any plan, or automobile medical payment insurance.Added by Laws 1994, c. 294, § 23, eff. Sept. 1, 1994.
36 OK Stat § 36-3203 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3203. Coverage for child health supervision services.

|A. All health benefit plans which provide coverage for a family member of the insured or subscriber shall offer coverage for child health supervision services. Such services shall include coverage from the moment of birth through the age of eighteen years. Each such plan or contract shall, at a minimum, provide benefits for child health supervision services at approximately the following age intervals: birth, two months, four months, six months, nine months, twelve months, eighteen months, two years, three years, four years, five years, six years, eight years, ten years, twelve years, fourteen years, sixteen years and eighteen years. A health benefit plan may provide that child health supervision services which are rendered during a periodic review shall only be covered to the extent that services are provided by or under the supervision of a single physician or other primary health care provider during the course of one visit. Benefits for such services shall be subject to the same durational limits, dollar limits, deductibles and coinsurance factors as other covered services in such health insurance policies. All Oklahoma health benefit plans delivered, issued for delivery, modified or renewed on or after January 1, 1995, shall be subject to the provisions of this section. |B. Nothing in the Oklahoma Child Health Insurance Reform Act shall prohibit the health care insurer from including any or all coverage for child health supervision services as standard coverage in their policies or contracts.Added by Laws 1994, c. 294, § 24, eff. Sept. 1, 1994.
36 OK Stat § 36-3301 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3301. Short title - Own Risk and Solvency Assessment (ORSA) Act.

|This act shall be known and may be cited as the "Own Risk and Solvency Assessment (ORSA) Act". |Added by Laws 2015, c. 228, § 1, eff. Jan. 1, 2016.
36 OK Stat § 36-3302 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3302. Definitions.

|As used in the Own Risk and Solvency Assessment (ORSA) Act: |1. "Insurance group" shall mean, for the purpose of conducting an Own Risk and Solvency Assessment (ORSA), those insurers and affiliates included within an insurance holding company system as defined in Section 1651 of Title 36 of the Oklahoma Statutes;2. "Insurer" shall have the same meaning as set forth in Section 103 of Title 36 of the Oklahoma Statutes, except that it shall not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia or a state or political subdivision of a state;3. "Own Risk and Solvency Assessment" or "ORSA" shall mean a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks;4. "ORSA Guidance Manual" shall mean the current version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association of Insurance Commissioners (NAIC), as amended from time to time. A change in the ORSA Guidance Manual shall be effective on January 1 following the calendar year in which the changes have been adopted by the NAIC; and5. "ORSA Summary Report" shall mean a confidential high-level summary of an insurer's or insurance group's ORSA.Added by Laws 2015, c. 228, § 2, eff. Jan. 1, 2016.
36 OK Stat § 36-3303 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3303. Risk management framework.

|An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer. |Added by Laws 2015, c. 228, § 3, eff. Jan. 1, 2016.
36 OK Stat § 36-3304 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3304. ORSA - When required.

|Subject to the provisions of Section 6 of this act, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to the ORSA Guidance Manual. The ORSA shall be conducted no less than annually, but also at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member. |Added by Laws 2015, c. 228, § 4, eff. Jan. 1, 2016.
36 OK Stat § 36-3305 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3305. ORSA Summary Report.

|A. Upon the Insurance Commissioner's request, and no more than once each year, an insurer shall submit to the Insurance Commissioner an ORSA Summary Report or any combination of reports that together contain the information described in the ORSA Guidance Manual, applicable to the insurer and/or the insurance group of which it is a member. Notwithstanding any request from the Insurance Commissioner, if the insurer is a member of an insurance group, the insurer shall submit the report(s) required by this subsection if the Insurance Commissioner is the lead state Insurance Commissioner of the insurance group as determined by the procedures within the Financial Analysis Handbook adopted by the National Association of Insurance Commissioners. |B. The report(s) shall include a signature of the insurer or insurance group's chief risk officer or other executive having responsibility for the oversight of the insurer's enterprise risk management process attesting to the best of his or her belief and knowledge that the insurer applies the enterprise risk management process described in the ORSA Summary Report and that a copy of the report has been provided to the insurer's board of directors or the appropriate committee thereof.C. An insurer may comply with subsection A of this section by providing the most recent and substantially similar reports provided by the insurer or another member of an insurance group of which the insurer is a member to the Insurance Commissioner of another state or to a supervisor or regulator of a foreign jurisdiction, if that report provides information that is comparable to the information described in the ORSA Guidance Manual. Any such report in a language other than English must be accompanied by a translation of that report into the English language.D. The first filing of the ORSA Summary Report shall be in 2016 pursuant to this section.Added by Laws 2015, c. 228, § 5, eff. Jan 1, 2016.
36 OK Stat § 36-3307 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3307. ORSA Summary Report--Preparation--Supporting information--Review.

|A. The ORSA Summary Report shall be prepared consistent with the ORSA Guidance Manual, subject to the requirements of subsection B of this section. Documentation and supporting information shall be maintained and made available upon examination or upon request of the Insurance Commissioner. |B. The review of the ORSA Summary Report and any additional requests for information shall be made using similar procedures currently used in the analysis and examination of multistate or global insurers and insurance groups.Added by Laws 2015, c. 228, § 7, eff. Jan. 1, 2016.
36 OK Stat § 36-3309 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3309. Penalties.

|Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in this act shall be required, after notice and hearing, to pay a penalty of One Thousand Dollars ($1,000.00) for each day's delay, to be recovered by the Insurance Commissioner. The maximum penalty under this section is Twenty-five Thousand Dollars ($25,000.00). The Insurance Commissioner may reduce the penalty if the insurer demonstrates to the Insurance Commissioner that the imposition of the penalty would constitute a financial hardship to the insurer. |Added by Laws 2015, c. 228, § 9, eff. Jan. 1, 2016.
36 OK Stat § 36-3601 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3601. Scope of article.

|This article shall not apply to: |1. Reinsurance.2. Policies or contracts not issued for delivery in Oklahoma nor delivered in Oklahoma, except upon subjects of insurance other than life and disability insurance located or to be performed in Oklahoma, and, except as provided in subsection E of Section 3610 of this article.3. Ocean marine and foreign trade insurances.4. Title insurance, except as to Section 3617 of this article.Laws 1957, p. 363, § 3601. 0
36 OK Stat § 36-3602 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3602. "Policy" defined.

|"Policy" means contract of or agreement for effecting insurance, or the certificate thereof, by whatever name called, and includes all clauses, riders, endorsements and papers attached thereto and a part thereof. |Laws 1957, p. 363, § 3602.
36 OK Stat § 36-3603 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3603. "Premium" defined.

|"Premium" is the consideration for insurance, by whatever name called. |Laws 1957, p. 363, § 3602.
36 OK Stat § 36-3605 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3605. Insurable interest with respect to property insurance.

|A. No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured. |B. "Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.C. The measure of an insurable interest in property is the extent to which the insured might be damnified by loss, injury, or impairment thereof.Laws 1957, p. 363, § 3605.
36 OK Stat § 36-3606 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3606. Capacity to contract for insurance; Minors.

|A. Any person of competent legal capacity may contract for insurance. |B. A minor not less than fifteen (15) years of age as at nearest birthday may, notwithstanding such minority, contract for life or accident and health insurance on his own life or body or the life or body of any person in whom he has an insurable interest, for his own benefit or for the benefit of his father or mother, spouse, child, brother, sister or grandparents. Such a minor shall, notwithstanding such minority, be deemed competent to exercise all rights and powers with respect to or under any contract of life or accident and health insurance on his own life or body or with respect to or under any contract such minor effected on the life or body of any person in whom he has an insurable interest, as though of full legal age, and may surrender his interest therein and give a valid discharge for any benefit accruing or money payable thereunder. The minor shall not, by reason of his minority, be entitled to rescind, avoid or repudiate the contract, nor to rescind, avoid or repudiate any exercise of a right or privilege thereunder, except that such minor, not otherwise emancipated, shall not be bound by any unperformed agreement to pay, by promissory note or otherwise, any premium on any such insurance contract.C. A minor not less than sixteen (16) years of age may, notwithstanding such minority, contract for insurance on other subjects of insurance in which he has an insurable interest. A minor shall be bound by any settlement made in connection with any insurance contract so issued. The minor shall not, by reason of his minority, be entitled to rescind, avoid or repudiate the contract, nor to rescind, avoid or repudiate any exercise of a right or privilege thereunder, except that such minor, not otherwise emancipated, shall not be bound by any unperformed agreement to pay, by promissory note or otherwise, any premium on any such insurance contract.Laws 1957, p. 364, § 3606.
36 OK Stat § 36-3607 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3607. Application required.

|No life or accident and health insurance contract upon an individual, except a contract of group life insurance or of group or blanket accident and health insurance, shall be made or effectuated unless at the time of the making of the contract the individual insured, being of competent legal capacity to contract, applies therefor or consents thereto, except in the following cases: |1. A spouse may effectuate such insurance upon the other spouse.2. Any person having an insurable interest in the life of a minor, or any person upon whom a minor is dependent for support and maintenance, may effectuate insurance upon the life of or pertaining to such minor.3. Any person having an insurable interest in the life of a person who is legally incompetent to consent to such insurance may effectuate such insurance upon such person.Laws 1957, p. 364, § 3607.
36 OK Stat § 36-3608 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3608. Application as evidence.

|A. No application for the issuance of any life insurance policy or contract shall be admissible in evidence in any action relative to such policy or contract, unless a true copy of the application was attached to or otherwise made a part of the policy when issued. This provision shall not apply to industrial life insurance policies. |B. If any policy of life insurance delivered in this state is reinstated or renewed, and the insured or the beneficiary or assignee of the policy makes written request to the insurer for a copy of the application, if any, for such reinstatement or renewal, the insurer shall, within thirty (30) days after receipt of such request at its home office or at any of its branch offices, deliver or mail to the person making such request a copy of such application. If such copy is not so delivered or mailed after having been so requested, the insurer shall be precluded from introducing the application in evidence in any action or proceeding based upon or involving the policy or its reinstatement or renewal. In the case of such a request from a beneficiary or assignee, the time within which the insurer is required to furnish a copy of such application shall not begin to run until after receipt of evidence satisfactory to the insurer of the beneficiary's or assignee's vested interest in the policy or contract.C. As to kinds of insurance other than life insurance, no application for insurance signed by or on behalf of the insured shall be admissible in evidence in any action between the insured and the insurer arising out of the policy so applied for, if the insurer has failed, at expiration of thirty (30) days after receipt by the insurer of written demand therefor by or on behalf of the insured, to furnish to the insured a copy of such application reproduced by any legible means.Laws 1957, p. 364, § 3608.
36 OK Stat § 36-3609 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3609. Representations in applications - Recovery under policy - Mortgage guaranty policies.

|A. All statements and descriptions in any application for an insurance policy or in negotiations therefor, by or in behalf of the insured, shall be deemed to be representations and not warranties. Misrepresentations, omissions, concealment of facts, and incorrect statements shall not prevent a recovery under the policy unless: |1. Fraudulent; or2. Material either to the acceptance of the risk, or to the hazard assumed by the insurer; or3. The insurer in good faith would either not have issued the policy, or would not have issued a policy in as large an amount, or would not have provided coverage with respect to the hazard resulting in the loss, if the true facts had been made known to the insurer as required either by the application for the policy or otherwise.B. Subsection A of this section shall not be applicable to mortgage guaranty insurance, as hereinafter defined. Misrepresentations, omissions, concealment of facts and incorrect statements shall not prevent a recovery under a policy of mortgage guaranty insurance unless material and fraudulent. As used herein, the term "mortgage guaranty insurance" means a form of casualty or surety insurance insuring lenders against financial loss by reason of nonpayment of principal, interest and other sums agreed to be paid under the terms of any note, bond or other evidence of indebtedness secured by a mortgage, deed of trust or other instrument constituting a lien or charge on real estate which contains a residential building or a building designed to be occupied for industrial or commercial purposes.Laws 1957, p. 365, § 3609.
36 OK Stat § 36-3610 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3610. Approval of forms.

|A. No insurance policy form or application form, where written application is required and is to be made a part of the policy, rider or endorsement form other than surety bond forms and such other insurance policy forms as are hereinafter specifically otherwise provided for shall be issued, delivered, or used unless filed with and approved by the Insurance Commissioner. This section shall not apply to policies, riders or endorsements of unique character designed for and used with relation to insurance upon a particular subject or which relate to the manner of distribution of benefits or to the reservation of rights and benefits under life or accident and health policies, and are used at the request of the individual policyholder, contract holder, or certificate holder. |B. Every such filing shall be made not less than sixty (60) days in advance of any such delivery. At the expiration of such sixty (60) days the form so filed shall be deemed approved unless prior thereto it has been affirmatively approved or disapproved by order of the Insurance Commissioner. Approval of any such form by the Commissioner shall constitute a waiver of any unexpired portion of such waiting period. The Insurance Commissioner may extend by not more than an additional thirty (30) days the period within which he may so affirmatively approve or disapprove any such form, by giving notice of such extension before expiration of the initial sixty-day period. At the expiration of any such period as so extended, and in the absence of such prior affirmative approval or disapproval, any such form shall be deemed approved. The Insurance Commissioner may at any time, after notice and for cause shown, withdraw any such approval.C. Any order of the Insurance Commissioner disapproving any such form or withdrawing a previous approval shall state the grounds therefor.D. The Insurance Commissioner may, by order, exempt from the requirements of this section for so long as he deems proper any insurance document or form or type thereof as specified in such order, to which, in his discretion this section may not practicably be applied, or the filing and approval of which are, in his opinion, not desirable or necessary for the protection of the public.E. This section shall apply also to any such form used by domestic insurers for delivery in a jurisdiction outside Oklahoma, if the insurance supervisory official of such jurisdiction informs the Insurance Commissioner that such form is not subject to approval or disapproval by such official, and upon the Commissioner's order requiring the form to be submitted to him for the purpose.Amended by Laws 1987, c. 210, § 35, eff. July 1, 1987.