Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 1 - Administrative Operations › Subchapter 9 - Description of Forms and Instructions › Section 365:1-9-1 - Company licensure forms

Current through Vol. 41, No. 20, July
				1, 2024
(a)
License
				of authority form.
The license of authority form, executed under the
				hand and seal of the Insurance Commissioner and delivered, is evidence of an
				insurance company's authority to transact business within Oklahoma.
(b)
Annual statement form.
Annual statement forms must be filed by all admitted companies and postmarked
				on or before the first day of March of each year, reporting their business and
				financial condition as of December 31st of the preceding year. The completed
				forms must be subscribed and sworn to by the President, Secretary and other
				proper officers of the company. The Annual Statement is referred to as the
				"Convention Blank" and is in the general form and content approved by the
				National Association of Insurance Commissioners for the kinds of insurance to
				be reported.
(c)
Quarterly
				statement form.
Quarterly statement forms must be filed by all domestic
				insurers and postmarked on or before May 15th, August 14th and November 14th of
				each year, reporting their business and financial condition as of March 31st,
				June 30th, and September 30th respectively. The completed forms must be
				subscribed and sworn to by the President, Secretary, and other proper officers
				of the company.
(d)
Appointment of Insurance Commissioner as attorney for services of process
				form.
The appointment of Insurance Commissioner as attorney for service
				of process form for the State of Oklahoma must be filed by all licensed alien
				and foreign insurers, and shall continue in force so long as any liability
				remains outstanding in Oklahoma against the filing company, as required by 36
				O.S. § 621.
(e)
Agreement and application form.
The agreement and application form
				for Oklahoma License must be submitted by all companies desiring admission or
				renewal license within Oklahoma. A company agrees in its execution of such form
				to transact business, upon issuance of license, in accordance with the laws of
				Oklahoma, and to pay all fees and taxes as may at any time be imposed by law,
				as required by 36 O.S. § 311 and § 615 and Section 1, Article 19,
				Okl. Const.
(f)
Designation
				of agent form.
The designation of agent form, which lists the person to
				whom service of process is to be forwarded, must be filed by all companies.
				This designation is required by 36 O.S. § 621.
(g)
Certificate of deposit form.
The certificate of deposit form, when executed by the Insurance Commissioner,
				certifies to the securities on deposit with the State of Oklahoma. All alien
				and foreign insurers must file a substantially similar form, executed by their
				domiciliary insurance department, upon making application for license in
				Oklahoma.
(h)
Certificate of
				compliance form.
The certificate of compliance form, when executed by
				the Insurance Commissioner, certifies that the company named therein has
				complied with all the requirements of the Oklahoma law and is authorized to
				transact business within Oklahoma. All alien and foreign insurers must file a
				substantially similar form, executed by their domiciliary insurance department,
				upon making application for license in Oklahoma.
(i)
Annual Oklahoma premium tax
				report.
The Oklahoma annual premium tax report, submitted with the
				Annual Statement filed with the Insurance Commissioner, reports Oklahoma tax on
				premium income of the filing insurer, and includes retaliatory tax and fire
				marshal tax calculations if applicable as well as a precalculated credit for
				Guaranty Association assessment.
(j)
Appointment of examiner
				form.
The appointment of examiner form is used by the Insurance
				Commissioner to appoint examiners to represent Oklahoma and/or Zone 3 of the
				National Association of Insurance Commissioners in the examination of an
				insurance company, which empowers the person so appointed to enter into the
				examination of the insurance company named therein.
(k)
Publication synopsis of the annual
				statement form.
Certain alien and foreign companies doing business in
				Oklahoma are required to publish a synopsis of their annual statement due to
				the retaliatory provisions of the Oklahoma law. When such publication is
				required, the publication synopsis of the annual statement form must be
				completed and returned to the Insurance Commissioner.
Amended at 10 Ok Reg
				  1457, eff 5-1-93; Amended at 15 Ok Reg 592, eff 11-11-97 (emergency); Amended
				  at 15 Ok Reg 3202, eff 7-13-98; Amended at 21 Ok Reg 1656, eff
				  7-14-04