reglab/housing_qa huggingface dataset:
36 OK Stat § 36-711 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-711. Allowance for credit or increase in amount at risk – Contract requirements.

|A. 1. No credit shall be allowed, as an admitted asset or as a deduction from liability, to any ceding insurer for reinsurance nor increase the amount it is authorized to have at risk unless the reinsurance contract provides, in substance, that in the event of the insolvency of the ceding insurer, the reinsurance shall be payable under a contract or contracts reinsured by the assuming insurer on the basis of reported claims allowed by the liquidation court, without diminution because of the insolvency of the ceding insurer. Such payments shall be made directly to the ceding insurer or to its domiciliary liquidator, except: |a.if the contract or other written agreement specifically provides another payee of such reinsurance in the event of the insolvency of the ceding insurer, orb.if the assuming insurer, with the consent of the direct insureds, has assumed such policy obligations of the ceding insurer as direct obligations of the assuming insurer to the payees under such policies and in substitution for the obligations of the ceding insurer to such payees.2. The reinsurance agreement may provide that the domiciliary liquidator of an insolvent ceding insurer shall give written notice to the assuming insurer of the pendence of a claim against such ceding insurer on the contract reinsured within a reasonable time after such claim is filed in the liquidation proceeding. During the pendence of such claim, any assuming insurer may investigate such claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated, any defenses which it deems available to the ceding insurer, or its liquidator. Such expense may be filed as a claim against the insolvent ceding insurer to the extent of a proportionate share of the benefit which may accrue to the ceding insurer solely as a result of the defense undertaken by the assuming insurer. If two or more assuming insurers are involved in the same claim and a majority in interest elect to interpose one or more defenses to such claim, the expense shall be apportioned in accordance with the terms of the reinsurance agreement as though such expense had been incurred by the ceding insurer.B. This section shall not apply to insurance of ocean marine risks or marine protection and indemnity risks.Added by Laws 1957, p. 242, § 711. Amended by Laws 1984, c. 149, § 4, eff. Nov. 1, 1984; Laws 1993, c. 79, § 3, eff. Sept. 1, 1993; Laws 2000, c. 169, § 5, eff. Nov. 1, 2000.
36 OK Stat § 36-712 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-712. Posting of standard policies and endorsements.

|Any insurance company offering property and casualty insurance policies may, in lieu of mailing or delivering, post on their website standard policies and endorsements that do not contain personally identifiable information. If an insurer elects to provide standard policy and endorsement forms on the insurer’s website, the insurer shall ensure that the policies and endorsements are posted in a manner that complies with the following conditions: |1. The policy and endorsements shall be easily accessible;2. The insurer shall archive all policies and endorsements for a period of five (5) years after the expiration of the policy;3. All policies and endorsements shall be posted in a manner that allows an insured to print and save electronic copies of the documents;4. The insurer shall provide notice at the time of issuance of the initial policy forms and upon renewal of a method by which the insured may obtain, without charge, a paper or electronic copy of the insured’s policy and endorsements;5. Each declaration page issued to an insured shall clearly identify the policy and endorsement forms purchased by the insured; and6. The insurer shall provide notice of any changes to the forms or endorsements and of the insured’s right to obtain, without charge, paper or electronic copies of the forms in the manner the insurer customarily communicates with the insured.Added by Laws 2013, c. 68, § 1, eff. Nov. 1, 2013.
36 OK Stat § 36-900.1 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-900.1. Short title.

|Sections 11 through 36 of this act shall be known and may be cited as the "Oklahoma Insurance Rating Act". |Added by Laws 1987, c. 210, § 11, eff. July 1, 1987.
36 OK Stat § 36-901.1 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-901.1. Purposes of act.

|A. The purposes of this act are: |1. To promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate or unfairly discriminatory;2. To improve availability, fairness and reliability of insurance and insurance rates;3. To authorize essential cooperative action among insurers in the ratemaking process and to regulate such activity to prevent practices that tend to substantially lessen competition or to create a monopoly;4. To encourage the most efficient and economic marketing practices; and5. To encourage the providing of price and other information to enable consumers to purchase insurance suitable for their needs and to foster competitive insurance markets.B. This act shall be liberally construed to effectuate its purposes.Added by Laws 1987, c. 210, § 13, eff. July 1, 1987.
36 OK Stat § 36-901.2 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-901.2. Definitions.

|As used in this act unless the context otherwise requires: |1. "Act" means the Oklahoma Insurance Rating Act;2. "Commissioner" means the Insurance Commissioner of the State of Oklahoma or his designee;3. "Department" means the Insurance Department of the State of Oklahoma;4. "Rate" means the cost of insurance per exposure unit, whether expressed as a single number or as a prospective loss cost and an adjustment to account for the treatment of expenses, profit and variations in loss experience, prior to any application of individual risk variations based on loss or expense considerations, and does not include minimum premiums:a."prospective loss cost", as used in this paragraph, means that portion of a rate that does not include provisions for expenses, other than loss adjustment expenses, or profit, and are based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time, andb."expenses", as used in this paragraph, means that portion of a rate attributable to acquisition, field supervision, collection expenses, general expenses, taxes, licenses, and fees; and5. "Rating organization, advisory organization or statistical organization" means any two or more insurers acting in cooperation or in concert for the purpose of making rates, rating plans or rating systems.Added by Laws 1987, c. 210, § 14, eff. July 1, 1987. Amended by Laws 1994, c. 129, § 2, eff. Sept. 1, 1994; Laws 2006, c. 264, § 11, eff. July 1, 2006.
36 OK Stat § 36-901.3 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-901.3. Filing - Contents and procedure.

|A. In order to be complete, a filing shall contain the following: |1. A memorandum briefly summarizing the gist of the filing;2. An index to the filing;3. A clear and concise statement of the action desired to be taken by the Commissioner;4. References to the sections of law and to rules and regulations which authorize the action desired to be taken by the Insurance Commissioner or which support the information contained in the filing;5. An explanation of the application of the filing factors, which are contained in subsection A of Section 902.2 or subsection B of Section 985 of this title, together with assumptions and conclusions concerning such factors;6. References to exhibits and other documents contained in the filing which are relied upon to support the action requested by the filing; and7. Any other information required by the Commissioner.B. If the filer is an advisory organization or joint underwriting association, it is sufficient for such information to be provided in summary form for all the filer's members and subscribers.C. If a filing is incomplete, the Commissioner shall notify the filer, in writing, of the necessary materials required by this article, by rules of the Commissioner or by orders adopted by the Commissioner to complete the filing.Added by Laws 1987, c. 210, § 15, eff. July 1, 1987. Amended by Laws 1997, c. 418, § 31, eff. Nov. 1, 1997; Laws 2006, c. 264, § 12, eff. July 1, 2006.
36 OK Stat § 36-901.4 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-901.4. Hearings - Period of advisement - Additional information, analysis, consideration and investigation.

|A. Not less than ten (10) days in advance of a meeting to determine whether a hearing will be held, the Insurance Commissioner shall give notice to each insurer or organization making the filing, to each party to the filing and to any person who annually requests in writing to be notified of filings made pursuant to this act, of the date, time and location of any hearing or rehearing, the name of the insurer or organization making the filing and of the parties to the filing and a brief statement of the action requested in the filing. |B. Hearings shall be open to the public.C. Any person aggrieved with respect to a rate filing may make written application to the Commissioner to participate in any hearing called by the Commissioner. If the Commissioner finds the application to be supported by reasonable grounds, it may allow the applicant to appear in person or by counsel.At the conclusion of any formal hearing and before the final closing of such hearing, any party in interest upon timely request shall be granted, as a matter of right, a continuance of twenty-four (24) hours for the purpose of making examination and analyses of documents introduced in the hearing.D. The evidentiary procedures of the Administrative Procedures Act shall apply to hearings conducted pursuant to this act.E. Upon written request seasonably made by a person affected by the hearing, and at such person's expense, the Commissioner shall cause a full stenographic record of the proceedings to be made by a competent court reporter. If transcribed, such record shall be a part of the Commissioner’s record of the hearing, and a copy of such stenographic record shall be furnished to any other party having a direct interest therein at the request and expense of such party.F. Following a hearing on a filing made pursuant to this act, the Commissioner may take the matter under advisement for up to thirty (30) calendar days, subject to the provisions of Section 903 of this title.G. At any time during the pendency of a filing, the Commissioner may:1. Require the submission of additional information by any party to the filing;2. Solicit proposals for independent analysis of the filing by qualified technicians, such technicians to be chosen pursuant to the provisions of Section 332 of this title;3. Consider the findings of its employees or the technician; and4. Conduct other or additional investigations including additional hearings.Added by Laws 1987, c. 210, § 16, eff. July 1, 1987. Amended by Laws 1991, c. 204, § 8, eff. Sept. 1, 1991; Laws 2006, c. 264, § 13, eff. July 1, 2006.
36 OK Stat § 36-901.5 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-901.5. Filing of advisory prospective loss costs and supporting actuarial data and statistical data for workers' compensation insurance.

|A. Rating organizations shall develop and file for approval with the Insurance Commissioner in accordance with the provisions of this section, a filing containing advisory prospective loss costs and supporting actuarial and statistical data for workers' compensation insurance. Each insurer shall individually file their own specific profit and expense factors used to determine the final rates it will file for approval and the effective date of any rate changes. |B. As used in this section:1. "Expenses" means that portion of a rate attributable to acquisition, field supervision, collection expenses, general expenses, taxes, licenses and fees;2. "Rate" means the cost of insurance per exposure unit, whether expressed as a single number or as a prospective loss cost with an adjustment to account for the treatment of expenses, profit and variations in loss experience, prior to any application of individual risk variations based on loss or expense considerations, and does not include minimum premiums; and3. "Prospective loss costs" means that portion of a rate that does not include provision for expenses (other than loss adjustment expenses) or profit, and is based on historical aggregate losses and loss adjustment expenses adjusted through development to its ultimate value and projected through trending to a future point in time.Added by Laws 1993, c. 349, § 22, eff. Sept. 1, 1993. Amended by Laws 1997, c. 418, § 32, eff. Nov. 1, 1997.
36 OK Stat § 36-903.2 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-903.2. Workplace safety plans - Expenses of implementation.

|No insurance company shall request and the Insurance Commissioner shall not approve an increase for the expense portion of insurance company rate filings based upon the requirements of Section 6701 of this title. |Added by Laws 1994, 2nd Ex. Sess., c. 1, § 15, emerg. eff. Nov. 4, 1994. Amended by Laws 2006, c. 264, § 17, eff. July 1, 2006; Laws 2013, c. 254, § 16; Laws 2015, c. 298, § 6, eff. Nov. 1, 2015.
36 OK Stat § 36-904 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-904. Inspection of filed rates - Information to insured - Proceedings by aggrieved persons - False or misleading information - Withholding policy or evidence.

|A. All schedules and insurance rates and supporting information filed in accordance with the provisions of this article shall be open to inspection to the public after such filings are made. |B. Every advisory organization and every insurer which makes its own rates shall, within a reasonable time after receiving written request therefor and upon payment of such reasonable charge as it may make, furnish to any insured affected by a rate made by it, or to the authorized representative of such insured, all pertinent information as to such rate.C. Every advisory organization and every insurer which makes its own rates shall provide within the state reasonable means whereby any person, aggrieved by the application of its rating system, may be heard, in person or by his authorized representative, on his written request to revise the manner in which such rating system has been applied in connection with the insurance afforded him. If the advisory organization or insurer fails to grant or reject such request, within thirty (30) days after it is made, this applicant may proceed in the same manner as if his application had been rejected. Any party affected by the action of such advisory organization or such insurer on such request may, within thirty (30) days after written notice of such action, appeal to the Insurance Commissioner, which, after a hearing held upon not less than ten (10) days written notice to the appellant and to such advisory organization or insurer, may modify, affirm or reverse such action.D. No insurer, agent, broker, or advisory organization may willfully withhold required information from or give false or misleading information to the Commissioner.E. No insurer, agent, or broker shall fail to furnish to an insured any policy or comparable evidence of insurance to which the insured is entitled.Added by Laws 1957, p. 245, § 904, operative July 1, 1957. Amended by Laws 1987, c. 210, § 20, eff. July 1, 1987; Laws 2006, c. 264, § 18, eff. July 1, 2006.
36 OK Stat § 36-907 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-907. General powers of the Insurance Commissioner.

|In addition to any powers hereinbefore expressly enumerated in this law, the Insurance Commissioner shall have full power and authority to enforce by regulations, orders or otherwise all and singular, the provisions of this law, and the full intent thereof. In particular the Commissioner shall have the authority and power: |1. To examine all records of insurers, pharmacy benefits managers and advisory organizations and to require any insurer, agent, broker and advisory organization to furnish under oath such information as it may deem necessary for the administration of this law. The expense of such examination shall be paid by the insurer or advisory organization examined. In lieu of such examination, the Commissioner may, in the discretion of the Commissioner, accept a report of examination made by any other insurance supervisory authority;2. To make and enforce such reasonable orders, rules and regulations as may be necessary in making this law effective, but such orders, rules and regulations shall not be contrary to or inconsistent with the provisions of this law; and3. To issue an order, after a full hearing to all parties in interest requiring any insurer, group, association or organization of insurers and the members and subscribers thereof to cease and desist from any unfair or unreasonable practice.Added by Laws 1957, p. 247, § 907, operative July 1, 1957. Amended by Laws 1987, c. 210, § 22, eff. July 1, 1987; Laws 2006, c. 264, § 19, eff. July 1, 2006; Laws 2021, c. 472, § 8, emerg. eff. May 11, 2021.
36 OK Stat § 36-907.1 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-907.1. Monitoring and examination of rates.

|A. The Insurance Commissioner shall monitor and examine the adequacy of rates of any insurer and advisory organization in this state. In so doing, the Commissioner shall: |1. Utilize existing relevant information, analytical systems and other sources; or2. Cause or participate in the development of new relevant information, analytical systems and other sources.B. The Commissioner may require the maintenance and submission of records, memoranda or information relating to rates from such insurers and advisory organizations. The Commissioner or any authorized representative of the Commissioner may examine any such record, memoranda or information concerning rates. The application for the acceptance of any license or permit issued pursuant to the provision of this title shall be deemed consent for the inspection and examination of such records, memoranda or information.C. The Commissioner shall conduct such monitoring and examination required pursuant to this section within the Insurance Department, at the place of business of such insurers and advisory organizations, in cooperation with other state insurance departments, through outside contractors or in any other appropriate manner.D. The cost of such examination and monitoring shall be assessed against insurers and advisory organizations on an equitable and practical basis established, after hearing, in a rule promulgated by the Commissioner.E. The monitoring and examinations required pursuant to the provisions of this section, shall be conducted in a reasonably economical manner.Added by Laws 1985, c. 236, § 4, emerg. eff. July 8, 1985. Amended by Laws 1987, c. 210, § 23, eff. July 1, 1987; Laws 2006, c. 264, § 20, eff. July 1, 2006; Laws 2009, c. 432, § 8, eff. July 1, 2009.
36 OK Stat § 36-908 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-908. Administrative penalties.

|The Insurance Commissioner may, if the Commissioner finds that any person or organization has violated the provisions of any statute for which the Commissioner has jurisdiction, impose a penalty of not less than One Hundred Dollars ($100.00) nor more than Five Thousand Dollars ($5,000.00) for each such violation. Such penalties may be in addition to any other penalty provided by law. |No penalty shall be imposed except upon a written order of the Commissioner, stating the findings of the Commissioner made after a hearing held not less than ten (10) days after written notice to a person or organization alleged to have violated any statute for which the Commissioner has jurisdiction specifying the alleged violation.Added by Laws 1957, p. 247, § 908, operative July 1, 1957. Amended by Laws 1983, c. 68, § 8, eff. Nov. 1, 1983; Laws 1987, c. 210, § 24, eff. July 1, 1987; Laws 1997, c. 418, § 36, eff. Nov. 1, 1997; Laws 2006, c. 264, § 21, eff. July 1, 2006.
36 OK Stat § 36-924.1 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-924.1. Automobile or motorcycle accident prevention course for certain individuals - Reduction of premium charges.

|A. Any schedule of rates or rating plan for automobile or motorcycle liability and physical damage insurance submitted to or filed with the State Insurance Commissioner shall provide for an appropriate reduction in premium charges for those insured persons for a three-year period after successfully completing a motor vehicle accident prevention course which shall include but not be limited to an automobile or motorcycle accident prevention course as approved by the insurance company of the policyholder. Provided, however, there shall be no reduction in premiums for a self-instructed course or a course which does not provide for actual classroom or field driving instruction for a minimum number of hours as provided in subsection E of this section. Provided further, there shall be no reduction in premiums for a course attended pursuant to a court order in connection with a motor vehicle violation or an alcohol- or drug-related offense. |B. All insurance companies writing automobile or motorcycle liability and physical damage insurance in this state shall allow an appropriate reduction in premium charges to all eligible persons pursuant to this section.C. Upon successfully completing the approved course, each participant shall be issued by the sponsoring agency of the course, a certificate which shall be the basis of qualification for the discount on insurance.D. Each participant shall successfully complete an approved course each three (3) years to continue to be eligible for the discount on insurance.E. An approved course pursuant to this section shall provide at least six (6) hours of instruction.Added by Laws 1985, c. 122, § 1, eff. Jan. 1, 1986. Amended by Laws 1990, c. 297, § 1, eff. Sept. 1, 1990; Laws 1991, c. 204, § 11, eff. Sept. 1, 1991; Laws 1995, c. 138, § 1, eff. Nov. 1, 1995; Laws 2002, c. 49, § 1, eff. Nov. 1, 2002; Laws 2004, c. 519, § 8, eff. Nov. 1, 1004; Laws 2007, c. 326, § 1, eff. Nov. 1, 2007.
36 OK Stat § 36-924.3 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-924.3. Appeals of rating classifications.

|The Insurance Commissioner shall adopt rules and regulations creating a procedure for an employer to appeal its rating classification for workers' compensation insurance to the Commissioner. Any hearings pursuant to this procedure shall be subject to the Administrative Procedures Act. |Added by Laws 1990, c. 283, § 21, eff. Sept. 1, 1990. Amended by Laws 2006, c. 264, § 23, eff. July 1, 2006.
36 OK Stat § 36-932 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-932. Joint underwriting or joint reinsurance.

|A. Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance, shall be subject to regulation with respect thereto, as herein provided, subject, with respect to joint underwriting, to all other provisions of this act, and with respect to joint reinsurance as provided in this act. |B. If, after a hearing, the Insurance Commissioner finds that any activity or practice of any such group, association or other organization, is unfair or unreasonable, or otherwise inconsistent with the provisions of this act, the Commissioner may issue a written order specifying in what respects such act or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this act, and require the discontinuance, within a reasonable time under the circumstances, of such act or practice.Added by Laws 1980, c. 322, § 26, eff. Jan. 1, 1981. Amended by Laws 1987, c. 210, § 29, eff. July 1, 1987; Laws 2006, c. 264, § 24, eff. July 1, 2006.