reglab/housing_qa huggingface dataset:
36 OK Stat § 36-2922 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-2922. Subscriber's liability on judgments.

|A. No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for thirty (30) days. |B. Any such judgment shall be binding upon each subscriber only in such proportion as his interests may appear and in amount not exceeding his contingent liability, if any.Laws 1957, p. 359, § 2922.
36 OK Stat § 36-2926 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-2926. Nonassessable policies.

|A. If a reciprocal insurer has a surplus of assets over all liabilities at least equal to the minimum capital stock generally required of a domestic stock insurer authorized to transact like kinds of insurance, upon application of the attorney and as approved by the subscribers' advisory committee the Insurance Commissioner shall issue his certificate authorizing the insurer to extinguish the contingent liability of subscribers under its policies then in force in this state, and to omit provisions imposing contingent liability in all policies delivered or issued for delivery in this state for so long as all such surplus remains unimpaired. |B. Upon impairment of such surplus, the Insurance Commissioner shall forthwith revoke the certificate. Such revocation shall not render subject to contingent liability any policy then in force and for the remainder of the period for which the premium has theretofore been paid; but after such revocation no policy shall be issued or renewed without providing for contingent assessment liability of the subscriber.C. No insured member or subscriber of a domestic reciprocal insurer shall be liable for assessments on policies issued by such insurer. No policies shall be issued or renewed by a domestic reciprocal insurer which contain provisions for contingent or assessment liability of an insured, member or subscriber. Except, that if required by the laws of another state in which the insurer is transacting insurance as an authorized insurer, the insurer may issue policies providing for the contingent liability of such of its subscribers as may require such policies in such state, and need not extinguish the contingent liability applicable to policies theretofore in force in such state.Laws 1957, p. 359, § 2926; Laws 1981, c. 112, § 3.
36 OK Stat § 36-2927 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-2927. Distribution of savings.

|A reciprocal insurer may from time to time return to its subscribers any unused premiums, savings, or credits accruing to their accounts. Any such distribution shall not unfairly discriminate between classes of risks, or policies, or between subscribers, but such distribution may vary as to classes of subscribers based on the experience of such subscribers. |Laws 1957, p. 360, § 2927.
36 OK Stat § 36-2928 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-2928. Subscriber's share in assets.

|Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in Section 2917 of this article, and the return of any unused premium, savings, or credits then standing on subscribers' accounts, shall be distributed to its subscribers who were such within the twelve (12) months prior to the last termination of its certificate of authority, according to such reasonable formula as the Insurance Commissioner may approve. |Laws 1957, p. 360, § 2928.
36 OK Stat § 36-2929 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-2929. Merger or conversion.

|A. A domestic reciprocal insurer upon affirmative vote of not less than two-thirds (2/3) of its subscribers who vote on such merger pursuant to due notice and the approval of the Insurance Commissioner of the terms therefor, may merge with another reciprocal insurer or be converted to a stock or mutual insurer. |B. Such a stock or mutual insurer shall be subject to the same capital requirements and shall have the same rights as a like domestic insurer transacting like kinds of insurance.C. The Insurance Commissioner shall not approve any plans for such merger or conversion which is inequitable to subscribers, or which, if for conversion to a stock insurer, does not give each subscriber preferential right to acquire stock of the proposed insurer proportionate to his interest in the reciprocal insurer as determined in accordance with Section 2928 of this article and a reasonable length of time within which to exercise such right.Laws 1957, p. 360, § 2929.
36 OK Stat § 36-2930 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-2930. Impaired reciprocals.

|A. If the assets of a reciprocal insurer are at any time insufficient to discharge its liabilities, other than any liability on account of funds contributed by the attorney or others and to maintain the required surplus, its attorney shall forthwith make up the deficiency or levy an assessment upon the subscribers for the amount needed to make up the deficiency; but subject to the limitations set forth in the power of attorney or policy. |B. If the attorney fails to make up such deficiency or to make the assessment within thirty (30) days after the Insurance Commissioner orders him to do so, or if the deficiency is not fully made up within sixty (60) days after the date the assessment was made, the insurer shall be deemed insolvent and shall be proceeded against as authorized by this Code.C. If liquidation of such an insurer is ordered, an assessment shall be levied upon the subscribers for such an amount, subject to limits as provided by this article, as the Insurance Commissioner determines to be necessary to discharge all liabilities of the insurer, exclusive of any funds contributed by the attorney or other persons, but including the reasonable cost of the liquidation.Laws 1957, p. 360, § 2930.
36 OK Stat § 36-2931 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-2931. Real estate transactions - Restrictions.

|A reciprocal insurer, as defined in Section 2902 of Title 36 of the Oklahoma Statutes, may purchase, receive, own, hold, lease, mortgage, pledge, or encumber, by deed of trust or otherwise, manage, or sell real property in its own name for the purposes and objects of such insurer, pursuant to the provisions of Section 1624 of Title 36 of the Oklahoma Statutes. Any contract, deed, lease, mortgage, deed of trust, purchase or sale agreement, or any other contract, document or instrument to be executed in the name of the reciprocal insurer may be executed by the attorney-in-fact for the insurer, as defined in Section 2906 of Title 36 of the Oklahoma Statutes. This provision shall apply to any contract, deed, lease, mortgage, deed of trust, purchase or sale agreement, or any other contract, document or instrument made and entered into by any reciprocal insurer on and after September 1, 1990. |A reciprocal insurer doing business in this state shall be subject to the same restrictions pertaining to ownership of real property and other real estate transactions that exist for corporations pursuant to Section 2 of Article XXII of the Oklahoma Constitution.Added by Laws 1990, c. 3, § 1, emerg. eff. March 29, 1990.
36 OK Stat § 36-3001 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3001. Underwriters; forms of insurance authorized, articles of agreements.

|"Underwriters" Defined. Individuals, partnerships, or associations of individuals, hereby designated "underwriters," are authorized to make any insurance as hereinafter provided, except life insurance or title insurance, on the Lloyd's plan, by executing articles of agreement expressing their purpose so to do, and complying with the requirements set forth in this article. |Laws 1957, p. 360, § 3001.
36 OK Stat § 36-3002 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3002. Attorneys; office. - "Attorneys" defined.

|Policies of insurance may be executed by an attorney or by an attorney-in-fact, or other representative, hereby designated "attorney," authorized by and acting for such underwriters under power of attorney. The principal office of such attorneys shall be maintained at such place as may be designated by the underwriters in their articles of agreement; provided, that no license shall be issued to any attorney at Lloyd's to bind risks or insurance in Oklahoma, or with citizens of Oklahoma, or covering property in Oklahoma, unless their attorneys-in-fact be residents of this state and maintain their offices in this state, except as may be hereinafter specifically provided. |Laws 1957, p. 361, § 3002.
36 OK Stat § 36-3003 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3003. Application for license; contents; kinds of insurance authorized; financial statement; process.

|The attorney shall file with the Insurance Commissioner a verified application for license setting forth and accompanied by: |1. The name of the attorney or attorneys and the title under which the business is to be conducted, which title shall contain the name Lloyds, and shall not be so similar to any name or title in use in this state as to be likely to confuse or deceive.2. The location of the principal office.3. The kind or combination of kinds of insurance to be written, as defined in Article 7, (Kinds of Insurance; Reinsurance; Limits of Risk) of this Code.4. A copy of the form of power of attorney by virtue of which the attorney is to act for and bind the several underwriters, and a copy of the articles of agreement entered into between the underwriters themselves and the attorney.5. The names and addresses of all underwriters, whose number shall not be less than three.6. A financial statement showing in detail the assets contributed or accumulated in the hands of the attorneys-in-fact, committee of underwriters, trustees, or other officers of such underwriters at Lloyd's, together with the liabilities incurred and outstanding and the income received and disbursements made by the attorney for the underwriters.7. An instrument executed by each and all of the underwriters specially empowering the attorney to accept service of process for each underwriter in any action on any policy or contract of insurance, and an instrument from the attorney to the Insurance Commissioner delegating the attorney's powers in this respect to such Insurance Commissioner.Laws 1957, p. 361, § 3003.
36 OK Stat § 36-3004 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3004. Accounts for each kind of insurance.

|In the accounts pertaining to each kind of insurance shall be entered all receipts thereof and all expenses incurred directly in its behalf and due proportion of the unallocated expenses of the Lloyd's in such manner as to show separately the underwriting experience. |Laws 1957, p. 361, § 3004.
36 OK Stat § 36-3005 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3005. Assets required as condition precedent.

|No attorney shall be licensed for the underwriters at a Lloyd's under this Code unless the net assets, including the guaranty fund contributed to the attorney, a committee of underwriters, trustees, or other officers as provided for in the articles of agreement, shall be at least Two Hundred Thousand Dollars ($200,000.00) in cash, or other admitted assets. |Laws 1957, p. 361, § 3005.
36 OK Stat § 36-3006 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3006. Reserves for liabilities and losses.

|Underwriters at a Lloyd's are required to compute reserve liabilities for all outstanding business and for all incurred losses upon the same basis required for stock insurance companies doing the same class and character of business in Oklahoma. |Laws 1957, p. 361, § 3006.
36 OK Stat § 36-3007 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3007. Liability of underwriters; limitation.

|An underwriter at a Lloyd's may limit his total liability on all risks to the amount of his subscription as expressed in his power of attorney and agreement with the attorney-in-fact; provided at least half of the subscription of each underwriter must be paid or contributed to the guaranty fund in cash or admissible securities. Each underwriter shall be responsible solely for his own liability as fixed in the contract of insurance and shall not be liable as a partner and in no event shall the liability of an underwriter exceed the amount of his total underwriters agreement executed in favor of his respective successor attorney or attorneys-in-fact. |Laws 1957, p. 361, § 3007.
36 OK Stat § 36-3008 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3008. Liability of additional or substituted underwriters; authority of deputy, substitute or successor attorney.

|Additional or substituted underwriters shall be bound in the same manner and to the same extent as original subscribers to the articles of agreement and power of attorney on file with the Insurance Commissioner; and the acts of the duly-appointed deputy, substitute or successor attorney or any attorney or attorneys licensed under this chapter, accepting powers of attorney from underwriters, and in making and issuing policies and contracts of insurance, and in doing any additional acts incident thereto, shall be deemed authorized by the license issued to the original attorney or attorneys. |Laws 1957, p. 364, § 3608.
36 OK Stat § 36-3009 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3009. Division of profits.

|No profits shall accrue to an underwriter, except upon the basis of his actual investment in cash or securities, disregarding any obligation or subscription to pay in additional cash or securities at a later date. |Laws 1957, p. 362, § 3009.
36 OK Stat § 36-3010 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3010. Actions on policies or insurance contracts – Process – Judgment - Costs.

|Action on any policy or contract of insurance issued by an attorney for the underwriters may be brought against the attorney. In such action, summons and process shall be served on either the Insurance Commissioner or on the attorney-in-fact, and when so served shall have the same effect as if served on the attorney and on each underwriter personally. A judgment in any such action against the attorney shall be binding upon and be judgment against each and all of the underwriters as their several liabilities may appear in the contract of insurance on which the action is brought. |And such summons or other process shall be served in triplicate, and the Insurance Commissioner shall forthwith, by registered mail, send one copy thereof to the attorney for the underwriters at the principal office designated in the application for license or latest amendment thereof. The party commencing any action against the underwriters at a Lloyd's and securing service of process in this manner shall at the time of such service pay to such Insurance Commissioner a fee of Three Dollars ($3.00), which the party shall be entitled to collect as taxable costs in the action if he shall prevail.Added by Laws 1957, p. 362, § 3010, operative July 1, 1957. Amended by Laws 2009, c. 432, § 18, eff. July 1, 2009.
36 OK Stat § 36-3011 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3011. Deposit required of foreign Lloyd's in home state as condition to permit.

|In case underwriters at a Lloyd's who are nonresidents of Oklahoma, or who maintain their principal office outside of Oklahoma, apply to the Insurance Commissioner for a permit to do business in Oklahoma, such permit shall not be granted unless such underwriters have on deposit with the Insurance Commissioner of their home states net assets in the amount of at least Two Hundred Thousand Dollars ($200,000.00). |Laws 1957, p. 362, § 3011.
36 OK Stat § 36-3012 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3012. Revocation of license.

|If any attorney-in-fact or underwriters at Lloyd's shall violate any of the provisions of this Code, or any of the other laws of the State of Oklahoma which are applicable to them, the license of such attorney shall be revoked and the right to do business in Oklahoma shall be canceled. |Laws 1957, p. 362, § 3012.
36 OK Stat § 36-3013 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3013. Laws applicable to Lloyd's.

|A. The provisions of this article are applicable to domestic Lloyd's insurers and to foreign Lloyd's insurers. |B. To the extent not modified by the provisions of this article, Lloyd's insurers shall be subject to and governed by the other applicable provisions of this Code.Laws 1957, p. 362, § 3013.
36 OK Stat § 36-3103 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3103. Revocation or suspension of Certificate of Authority.

|The Commissioner may, at any time, for good cause shown and after notice and a public hearing, suspend, revoke or refuse to renew any company's Certificate of Authority, if he finds that any one or more of the following causes or circumstances exist: |1. Any violation of, or noncompliance with, any provision of this act;2. Obtaining, or attempting to obtain, any Certificate of Authority through misrepresentation or fraud;3. Fraudulent or dishonest practices;4. Oral or written misrepresentation of the terms, benefits or privileges of any service contract issued, or to be issued, by it or any other company;5. Insolvency;6. Willful solicitation of membership from an individual who is or has been a member of another motor service club by giving said person credit for his years of membership with the other motor service club;7. Waiving the enrollment fee or otherwise reducing the usual fees and charges for a new member when soliciting membership from an individual who is or has been a member of another motor service club; or8. Inability for any reason to qualify for the issuance of a Certificate of Authority as a motor service club.Laws 1973, c. 127, § 3, emerg. eff. May 9, 1973.
36 OK Stat § 36-3104 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3104. Approval of form of service contract.

|A. No service contract shall be executed, issued or delivered in this state until the form thereof has been approved in writing by the Commissioner, and all promotional and advertising material, membership cards and other indicia of membership shall be submitted for approval on the request of the Commissioner. |B. Every service contract executed, issued or delivered in this state shall be made in duplicate, with one copy being kept by the issuing company and the other copy delivered to the purchasing party.C. No service contract shall be executed, issued or delivered in this state unless it contains the following:1. The exact corporate or other name of the company;2. The exact location of its home office and of its usual place of business in this state, giving street number and city;3. A provision that the contract may be canceled at any time by the club or canceled at any time by the holder, if the club or its agent have violated any of the provisions of Section 3 or Section 5 of this act in soliciting the purchase of such contract from the holder. If the contract is canceled, pursuant to this provision, the holder will, if he has actually paid the consideration, thereupon be entitled to the unused portion of the consideration paid for such contract, calculated on a pro rata basis over the period of the contract, without any deductions.4. Provisions plainly specifying:a. the services promised,b. that the holder will not be required to pay any sum, in addition to the amount specified in the contract, for any services thus specified,c. the territory wherein such services are to be rendered, andd. the date when such service will commence.5. A statement in not less than 14-point modern type at the head of said contract stating, "This is not an insurance contract."Laws 1973, c. 127, § 4, emerg. eff. May 9, 1973.
36 OK Stat § 36-3105 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3105. Appointment of agent – License - Fees.

|A. Each motor service club operating in this state pursuant to certificate of authority issued hereunder shall file with the Commissioner, within ten (10) days of the date of employment, a notice of appointment of any limited lines producer, resident or nonresident, appointed by the automobile club to sell memberships in the motor service club to the public. This notification shall be upon such form as the Commissioner may prescribe and shall contain the name, address, age, sex, and Social Security number of such club producer, and shall also contain proof satisfactory to the Commissioner that such applicant is not less than eighteen (18) years of age, is of good reputation, and has received training from the club or is otherwise qualified in the field of motor service club service contracts and knowledgeable of the laws of this state pertaining thereto. |B. A licensing fee for limited lines producers, resident or nonresident, shall be Forty Dollars ($40.00) biennially.C. Upon notice and hearing, the Commissioner may suspend, censure, revoke, or refuse to renew any license of a producer if he finds as to the licensee that any one or more of the following causes exist:1. Any violation of or noncompliance with any provision of this act;2. Obtaining or attempting to obtain any such license through misrepresentation or fraud;3. Oral or written misrepresentation of the terms, conditions, benefits, or privileges of any motor service club service contract issued or to be issued by the motor service club he represents or any other motor service club;4. Misappropriation or conversion to his own use or illegal holding of monies, belonging to members or others, received in the conduct of business under his license;5. Pleading nolo contendere or guilty to a felony or conviction by final judgment of a felony;6. Demonstration of incompetence sufficient in the opinion of the Commissioner to make the producer a source of injury and loss to the public;7. Fraudulent or dishonest practices;8. Willful solicitation of membership from an individual who is or has been a member of another motor service club by giving said person credit for his years of membership with the other motor service club;9. Waiving the enrollment fee or otherwise reducing the usual fees and charges for a new member when soliciting membership from an individual who is or has been a member of another motor service club.D. In addition to the penalties provided for in this section, a fine of not less than One Hundred Dollars ($100.00) nor more than One Thousand Dollars ($1,000.00) for each occurrence may be levied.Added by Laws 1973, c. 127, § 5, emerg. eff. May 9, 1973. Amended by Laws 1984, c. 173, § 9, emerg. eff. May 7, 1984; Laws 2009, c. 432, § 19, eff. July 1, 2009; Laws 2021, c. 478, § 19, emerg. eff. May 12, 2021.
36 OK Stat § 36-3106 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3106. Examination of financial condition.

|A. Whenever the Insurance Commissioner deems it to be prudent or necessary the Commissioner shall personally, or by an authorized representative, visit each motor service club and thoroughly inspect and examine its financial condition, its ability to fulfill its obligations, whether it has complied with the provisions of this act and any other facts relative to its business methods, management and the equity of its dealings with its members. |B. Every motor service club shall furnish to the Commissioner, on or before July 1 of each year, on blanks prescribed and furnished by the Commissioner, a statement which shall exhibit the financial condition of the company as of December 31 of the previous calendar year. Such statements shall be subscribed and sworn to by the president and secretary or two other proper officers of the company.Added by Laws 1973, c. 127, § 6, emerg. eff. May 9, 1973. Amended by Laws 2002, c. 307, § 26, eff. Nov. 1, 2002.
36 OK Stat § 36-3107 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-3107. Solicitation for unlicensed companies prohibited.

|No person shall solicit, or aid in the solicitation of, another person to purchase a service contract issued by a company not duly licensed under the terms of this act. |Laws 1973, c. 127, § 7, emerg. eff. May 9, 1973.