reglab/statecodes huggingface dataset:
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 10 - Life, Accident and Health › Appendix ZZ - Projection Scale G2, Male, Age Nearest Birthday

Current through Vol. 41,
			 No. 20, July 1, 2024
AGE
G2X
AGE
G2X
AGE
G2X
AGE
G2X
0
0.010
30
0.010
60
0.015
90
0.007
1
0.010
31
0.010
61
0.015
91
0.007
2
0.010
32
0.010
62
0.015
92
0.006
3
0.010
33
0.010
63
0.015
93
0.005
4
0.010
34
0.010
64
0.015
94
0.005
5
0.010
35
0.010
65
0.015
95
0.004
6
0.010
36
0.010
66
0.015
96
0.004
7
0.010
37
0.010
67
0.015
97
0.003
8
0.010
38
0.010
68
0.015
98
0.003
9
0.010
39
0.010
69
0.015
99
0.002
10
0.010
40
0.010
70
0.015
100
0.002
11
0.010
41
0.010
71
0.015
101
0.002
12
0.010
42
0.010
72
0.015
102
0.001
13
0.010
43
0.010
73
0.015
103
0.001
14
0.010
44
0.010
74
0.015
104
0.000
15
0.010
45
0.010
75
0.015
105
0.000
16
0.010
46
0.010
76
0.015
106
0.000
17
0.010
47
0.010
77
0.015
107
0.000
18
0.010
48
0.010
78
0.015
108
0.000
19
0.010
49
0.010
79
0.015
109
0.000
20
0.010
50
0.010
80
0.015
110
0.000
21
0.010
51
0.011
81
0.014
111
0.000
22
0.010
52
0.011
82
0.013
112
0.000
23
0.010
53
0.012
83
0.013
113
0.000
24
0.010
54
0.012
84
0.012
114
0.000
25
0.010
55
0.013
85
0.011
115
0.000
26
0.010
56
0.013
86
0.010
116
0.000
27
0.010
57
0.014
87
0.009
117
0.000
28
0.010
58
0.014
88
0.009
118
0.000
29
0.010
59
0.015
89
0.008
119
0.000
120
0.000
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-3.1 - Workers' compensation optional deductible form

Current through
				Vol. 41, No. 20, July 1, 2024
(a) The Administrative Workers' Compensation
				Act, 85A O.S. § 95 ("AWCA"), requires insurers issuing policies of
				workers' compensation insurance to offer, as a part of the policy or as an
				endorsement to the policy, deductibles, optional to the policyholder, for
				benefits payable under the AWCA. Each policy of workers' compensation that is
				issued, delivered, issued for delivery, or renewed under the AWCA shall include
				such optional deductible. The mandatory optional deductible required by the
				AWCA will be satisfied by the offer of a "Small Deductible" as defined in this
				Section. If an applicant and insurer mutually agree to a Large or Mega
				Deductible, such agreement shall satisfy the requirement of the AWCA that
				insurers offer optional deductibles. The selection of a Small, Large, or Mega
				Deductible shall be evidenced by signature of the applicant employer on the
				Commissioner's designated Acceptance/Rejection Form as contained in Appendix
				"B" to this Chapter. As used in this Section:
(1) "Deductible" means a policy provision or
				endorsement that, while requiring the insurer to pay 100% of each covered
				claim, creates a corresponding obligation of the insured employer to reimburse
				the insurance company for any portion of that claim that is part of the
				deductible.
(2) "Small Deductible"
				means a combined medical benefits and indemnity claims deductible of $1,000.00;
				$2,000.00; $3,000.00; $4,000.00, or $5,000.00 per claim.
(3) "Large Deductible" means a combined
				medical benefits and indemnity claims deductible greater than $5,000.00 but not
				more than $100,000.00 per claim. A Large Deductible may be offered to
				applicants, on negotiated terms, based upon the applicant's financial
				condition, industry, claims experience, and collateral.
(4) "Mega Deductible" means a combined
				medical benefits and indemnity claims deductible greater than $100,000.00 per
				claim. Mega Deductibles are subject to OAC 365:15-1-3.2.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-4 - Use of property and casualty insurance policy records

Current
				through Vol. 41, No. 20, July 1, 2024
(a)
Purpose.
The purpose of this
				section is to prohibit an insurer or agent soliciting property and casualty
				insurance from using insurance policy records maintained by any other person
				without prior written approval of the Insurance Commissioner.
(b)
Use of property and casualty
				insurance policy records.
No insurer or agent for the purpose of
				soliciting property and casualty insurance other than accident and health
				insurance shall use the insurance policy records maintained by any other person
				and arising out of any transaction whereby an insured has furnished directly or
				indirectly through an agent or insurer a policy or evidence of insurance to
				such person, without prior written approval of the Insurance
				Commissioner.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-5 - Allocation of taxable premiums received from the sale of homeowner's and other multiple peril insurance policies to the firemen's relief and pension fund [REVOKED]

Current through Vol. 41, No. 20, July 1,
				2024
Revoked at 19 Ok Reg
				  1299, eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-6 - Nationwide inland marine definition

Current through Vol. 41, No.
				20, July 1, 2024
(a)
Purpose.
(1) The purpose of this
				section is to describe the kinds of risks and coverages which may be classified
				or identified under State Insurance Laws as Marine, Inland Marine or
				Transportation insurance, but does not include all of the kinds of risks and
				coverages which may be written, classified or identified under Marine, Inland
				Marine or Transportation insurer powers, nor shall it be construed to mean that
				the kinds of risks and coverages are solely Marine, Inland Marine or
				Transportation insurance in all instances.
(2) This section shall not be construed to
				restrict or limit in any way the exercise of any insuring powers granted under
				charters and license, whether used separately, in combination or
				otherwise.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-8 - Unearned premium reserve fund

Current through Vol. 41, No. 20,
				July 1, 2024
(a)
Purpose.
The purpose of this section is to provide guidance for
				approval of corporate surety bonds or approved alternative security
				arrangements for return of unearned premiums.
(b)
Security requirements.
(1) All insurance companies writing any line
				of insurance as defined in 36 O.S. §§ 703-708, shall be required to
				provide a corporate surety bond annually, on or before the last day of May,
				which surety bond shall be in an amount equal to ten percent (10%) of the
				direct written premium of an accumulation of all lines as defined in 36 O.S.
				§§ 703-708, written in Oklahoma during the preceding calendar year;
				or
(2) An insurance company whose
				domiciliary state has a post- assessment property and casualty guaranty fund,
				may use an alternative security arrangement for the unearned premium reserve
				fund. Such alternative security arrangement shall comply with the following
				requirements:
(A) All such deposits required
				for authority to transact insurance business in Oklahoma shall consist of cash,
				certificates of deposit issued by solvent insured banks and trust companies in
				Oklahoma or a combination of the foregoing and the securities described in 36
				O.S. §
											1607,
				§1608 and §1620(B)
(B)
				All such deposits required pursuant to the laws of another state, province, or
				country, or pursuant to the retaliatory provision, 36 O.S. §
											628, shall
				consist of such assets as are required or permitted by such laws, or as
				required pursuant to such retaliatory provision.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-9 - Unfair discrimination on basis of blindness or partial blindness

Current through Vol. 41, No. 20, July 1, 2024
(a)
Purpose.
The purpose of this
				section is to identify specific acts or practices which are prohibited by 36
				O.S. §
									1204(7).
(b)
Acts of "unfair discrimination"
				defined.
The following are hereby identified as acts or practices which
				constitute
unfair discrimination between individuals of the same class
				[36:1204(7)]:
(1) Refusing to insure,
				or
(2) Refusing to continue to
				insure, or
(3) Limiting the amount,
				extent or
(4) Kind of coverage
				available to an individual, or
(5)
				Charging an individual a different rate for the same coverage solely because of
				blindness or partial blindness.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-10 - Policy of insurance shall include insurer's complete name and street address and insurance claim warning

Current through Vol. 41, No.
				20, July 1, 2024
(a)
Insurer's name and address required on policy.
Every policy of insurance issued or delivered in this State
				  shall specify, on its face, or by endorsement, or rider attached to the
				  policy:
(1) the complete name of the
				insurer;
(2) the complete street
				address of the home or principal office of the insurer.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-11 - Testimonials or endorsements by third parties

Current through Vol.
				41, No. 20, July 1, 2024
Testimonials or endorsements by third parties in
				  advertisement for insurance shall not be used in such a manner that they have
				  the capacity, tendency or effect of being misleading or deceptive. Testimonials
				  or endorsements shall comply with the following minimum standards:
(1) Testimonials used in advertisements must
				be genuine, represent the current opinion of the author, be applicable to the
				policy advertised and be accurately reproduced. The insurer, in using a
				testimonial, makes as its own all of the statements contained therein, and the
				advertisement, including such statement, is subject to all the provisions of
				this section.
(2) If the person
				making a testimonial, an endorsement or an appraisal has a financial interest
				in the insurer or a related entity as a stockholder, director, officer,
				employee, or otherwise, such fact shall be disclosed in the advertisement. If a
				person is compensated for making a testimonial, endorsement or appraisal, such
				fact shall be disclosed in the advertisement by language substantially as
				follows: "Paid Endorsement." This section does not require disclosure of union
				"scale" wages required by union rules if the payment is actually for such
				"scale" for TV or radio performances. However, the payment of substantial
				amounts, directly or indirectly, for "travel and entertainment" for filming or
				recording of TV or radio advertisements remove the filming or recording from
				the category of an unsolicited testimonial and require disclosure of such
				compensation.
(3) An advertisement
				shall not state or imply that an insurer or a policy has been approved or
				endorsed by any individual, group of individuals, society, association or other
				organizations, unless such is the fact, and unless any proprietary relationship
				between an organization and the insurer is disclosed. If the entity making the
				endorsement or testimonial has been formed by the insurer or is owned or
				controlled by the insurer or the person or persons who own or control the
				insurer, such fact shall be disclosed in the advertisement.
(4) When a testimonial refers to benefits
				received under a policy, the specific claim data, including claim number, date
				of loss, and other pertinent information shall be retained by the insurer for
				inspection for a period of four (4) years or until the filing of the next
				regular report on examination of the insurer, whichever is the longer period of
				time.
Added at 10 Ok Reg 1477,
				  eff 5-1-93
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-12 - Duration of filings [REVOKED]

Current through Vol. 41, No. 20,
				July 1, 2024
Added at 15 Ok Reg 3222,
				  eff 7-13-98; Revoked at 19 Ok Reg 1299, eff
				  7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-13 - Expiration of policies

Current through Vol. 41, No. 20, July 1,
				2024
Unless otherwise provided, all policies shall expire at 12:01
				  a.m. standard time on the expiration date stated in the
				  policy.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-14 - Notice of cancellation or non-renewal

Current through Vol. 41,
				No. 20, July 1, 2024
(a)
				Unless otherwise provided, insurers shall give at least ten (10) days notice
				prior to the date of cancellation and twenty (20) days notice prior to the date
				of non-renewal of the insurance policy.
(b) Insurers shall give at least thirty (30)
				days notice prior to the date of non-renewal of a homeowner's insurance policy
				or any other personal residential insurance coverage.
(c) If notice is given by mail, said notice
				shall be deemed to have been given on the day said notice is mailed. Proof of
				mailing of the notice of cancellation or non-renewal to the named insured at
				the address shown in the policy, shall be sufficient proof of notice.
Added at 19 Ok Reg 1299, eff 7-14-02 ; Amended at 30 Ok
					 Reg 1785, eff 7-14-13
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-15 - Standard policy provision-defense expenses within the limit of liability

Current through Vol. 41, No. 20, July 1, 2024
No insurance policy or contract shall be made, issued or
				  delivered by any insurer or by any agent or representative thereof, that
				  includes defense expenses within the limit of liability. The Insurance
				  Commissioner may waive this requirement based upon factors such as
				  noncompetitive market or type of insurance coverage. If the Insurance
				  Commissioner waives this requirement, the Declarations page of the policy shall
				  include a conspicuous notice indicating that the contract contains defense
				  expenses within the limit of liability and advising the policyholder to read
				  its provisions.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 21 Ok Reg 1659, eff
				  7-14-04
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-16 - Standard policy provision - medical payments

Current through
				Vol. 41, No. 20, July 1, 2024
No insurance policy or contract shall be made, issued or
				  delivered by any insurer or by any agent or representative thereof, that limits
				  or excludes funeral expenses from the medical payments coverage. The Insurance
				  Commissioner may waive this requirement. If the Insurance Commissioner waives
				  this requirement, the initial page of the policy shall include a conspicuous
				  notice indicating that the insurance policy or contract excludes funeral
				  expenses under the medical payments coverage and advising the policyholder to
				  read its provisions.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-17 - Standard policy provision - life and health insurance provisions

Current through Vol. 41, No. 20, July 1, 2024
No insurance policy or contract shall be made, issued or
				  delivered by any insurer or by any agent or representative thereof that limits
				  or reduces medical payments or uninsured motorist coverage because the injured
				  party has insurance through a life and or health insurance provider. The
				  Insurance Commissioner may waive this requirement. If the Insurance
				  Commissioner waives this requirement, the initial page of the policy shall
				  include a conspicuous notice indicating that the contract reduces or limits the
				  medical payments or uninsured motorist coverage, because the injured party has
				  insurance through a life and health provider and advising the policyholder to
				  read its provisions.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-18 - Withdrawal or discontinue writing

Current through Vol. 41, No.
				20, July 1, 2024
Any insurer desiring to withdraw from the state or
				  discontinue the writing of certain classes of insurance or programs in this
				  state or transferring policyholders between admitted companies within the same
				  insurance holding company system shall give ninety (90) days notice in writing
				  to the Rate and Form Compliance Division of the Insurance Department and shall
				  state in writing its reasons for such action. The ninety (90) days notice is
				  inclusive of, and not in addition to, any other notice requirement per line of
				  business. The insurer shall also provide the following information:
(1) The number of policyholders
				affected;
(2) The number of
				insurance agents affected;
(3) The
				date the insurer will cease writing new business;
(4) The date the insurer will start
				non-renewing insurance policies;
(5) The date the insurer will transfer
				policyholders;
(6) Whether the
				insurer has made arrangements with another insurer to pick up the renewals; if
				applicable;
(7) The lines of
				insurance on which the insurer plans to concentrate; and
(8) Whether the insurer anticipates
				re-entering the market.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 24 Ok Reg 2209, eff 7-14-07; Amended at 27 Ok Reg 1542,
				  eff 7-14-10
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-19 - Blank endorsements

Current through Vol. 41, No. 20, July 1,
				2024
An endorsement to an insurance policy without specific
				  language is not a complete form and shall not be approved. The Insurance
				  Commissioner may approve a blank endorsement if the insurer provides a detailed
				  description of how the form will be used.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-20 - Oklahoma Risk Retention Act

Current through Vol. 41, No. 20,
				July 1, 2024
Filings made in compliance with the Oklahoma Risk Retention
				  Act, 36 O.S. §
									6451 et
				  seq., shall be filed separately.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-21 - Article 36 of the Insurance Code

Current through Vol. 41, No. 20,
				July 1, 2024
For purposes of subchapters one (1) and seven (7), policy
				  forms, endorsements, and other forms used shall be filed in compliance with the
				  applicable provisions of Article 36 of the Insurance Code. The forms shall be
				  filed separately from rates and manual rules.
Added at 24 Ok Reg 2209,
				  eff 7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-22 - Processing Fee for Affidavit of Exempt Status [REVOKED]

Current
				through Vol. 41, No. 20, July 1, 2024
Added at 24 Ok Reg 2209,
				  eff 7-14-07; Revoked at 27 Ok Reg 1542, eff
				  7-14-10
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-23 - Exclusion from Ocean Marine Definitions

Current through Vol. 41,
				No. 20, July 1, 2024
For purposes of subchapters one (1) and seven (7), the term
				  ocean marine insurance does not include vessels or craft or their cargoes, hull
				  damage, or destruction of watercraft used for personal use.
Added at 24 Ok Reg 2209,
				  eff 7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-24 - Appeals of rating classifications

Current through Vol. 41, No.
				20, July 1, 2024
(a) Any
				employer engaged in a rating classification dispute reviewed by the NCCI
				Oklahoma Internal Review Panel may appeal the decision to the Insurance
				Commissioner by requesting a hearing within thirty (30) days of the date the
				Panel issues the decision.
(b) Upon
				receipt of a written request, the Commissioner shall either set down the matter
				for hearing within thirty (30) days from the date of receipt of the request by
				issuing notice of the hearing to the employer and the insurer or shall issue a
				written order denying the hearing.
(c) The Commissioner shall name the employer
				and the insurer as parties to the hearing. The Commissioner shall not be a
				party in an appeal of a rating classification.
(d) Procedure for hearings shall be governed
				by OAC
				365:1-7-1
				et seq. and the Administrative Procedures Act.
Amended at 30 Ok Reg 1785, eff
					 7-14-13
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 1 - General Provisions › Section 365:15-1-25 - Loss runs and claims history

Current through Vol. 41, No. 20, July
				1, 2024
Section
				  1204.1
				  of Title 36 of the Oklahoma Statutes requires property and casualty insurers
				  and advisory boards or advisory organizations to make loss runs or claims
				  history available to current and former policyholders within thirty (30) days
				  upon a written request by the policyholder. Any such loss runs or claims
				  history which cover multiple years shall indicate the insurer, policy number,
				  effective date, and date of expiration or cancellation of such coverage.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 5 - Liability Reports [Revoked] › Section 365:15-5-1 - Oklahoma special professional and other liability insurance data reporting [REVOKED]

Current through Vol. 41, No. 20, July 1,
				2024
Revoked at 15 Ok Reg
				  594, eff 11-11-97 (emergency); Revoked at 15 Ok Reg 3223, eff
				  7-13-98
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 5 - Liability Reports [Revoked] › Section 365:15-5-2 - Liability supplemental report by ten largest insurers in certain categories [REVOKED]

Current through Vol. 41, No. 20, July 1,
				2024
Revoked at 15 Ok Reg
				  594, eff 11-11-97 (emergency); Revoked at 15 Ok Reg 3223, eff
				  7-13-98
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-4 - Advisory Organization deviations

Current through Vol. 41, No.
				20, July 1, 2024
Every member of or subscriber to a licensed rating
				  organization may adhere to any filings made on its behalf by its advisory
				  organization, except that any such member or subscriber may deviate from such
				  filings as authorized by the rules of this Chapter if it has filed with the
				  advisory organization and with the Insurance Commissioner the deviation to be
				  applied and information necessary to justify the deviation. The Insurance
				  Commissioner shall not accept a filing if the deviation would not be uniform in
				  its application or is inconsistent with the provisions of the Insurance
				  Code.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-5 - Duration of filings

Current through Vol. 41, No. 20, July 1,
				2024
Filed rates shall be effective until amended or withdrawn by
				  the insurer.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-6 - Excess consent rate filings

Current through Vol. 41, No. 20,
				July 1, 2024
(a) In
				order to be filed, excess consent rate applications shall be submitted prior to
				or within a reasonable time after the effective date of the policy and contain
				the information necessary to establish compliance with the Property and
				Casualty Competitive Loss Cost Rating Act.
(b) The requirements may be satisfied by
				submitting in duplicate the form furnished by the Insurance Commissioner or its
				equivalent. (See Appendix C).
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 22 Ok Reg 2041, eff
				  7-14-05
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-7 - Forms governed by Article 36 [REVOKED]

Current through Vol.
				41, No. 20, July 1, 2024
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Revoked at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-8 - Group filings

Current through Vol. 41, No. 20, July 1,
				2024
Filings that are made on behalf of more than one insurer
				  shall list the insurer or insurers individually and not by Company
				  group.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-9 - Independent filings

Current through Vol. 41, No. 20, July 1,
				2024
(a) Independent
				filers shall file Rates, Loss Costs, Rating Plans or Rating Systems, Schedules,
				Manuals, and other materials, with the Insurance Commissioner and designate
				them as Independent Filings.
(b)
				Independent filers shall file data and experience in support of each filing in
				accordance with these rules.
(c)
				Independent filers shall file rate and loss cost revisions with the Insurance
				Commissioner.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-10 - Reference filings

Current through Vol. 41, No. 20, July 1,
				2024
(a)
Advisory
				Organization filings.
(1)
Filings permitted without reference filing agreements.
Advisory
				Organization Manuals and material used in whole or in part may be adopted by
				members of or subscribers to a licensed advisory organization by "Reference
				Filings" subject to the review of the Insurance Commissioner. When making a
				reference filing, a filing memorandum shall be submitted, identifying the
				manuals or rules used and the Oklahoma Filing Number. Rate departures and rule
				exceptions, if any, shall be accompanied by the necessary supporting data. Such
				adoption shall apply only to current filings and shall have no automatic effect
				as to future filings. Each advisory organization filing shall be separately and
				specifically adopted.
(2)
Filings permitted with reference filing agreement.
Approved
				Advisory Organization manuals and material may be adopted by members of or
				subscribers to a licensed advisory organization by filing a "Reference Filing
				Agreement" with the Insurance Commissioner identifying the manuals and material
				to be used and the Oklahoma Filing Number. Such adoption shall apply from the
				date it is filed with the Insurance Commissioner to filings in effect on that
				date and to all applicable future filings. The reference filing agreement shall
				remain in effect until such time as the agreement is withdrawn as a filing with
				the Insurance Commissioner.
(3)
				Manuals shall not be filed if filngs are made by "Reference Filing."
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-11 - Members of or subscribers to a licensed advisory organization

Current through Vol. 41, No. 20, July 1, 2024
(a)
Filings.
A licensed advisory
				organization may make filings on behalf of its members and subscribers except
				deviation filings.
(b)
Adherence to filings.
Every member of or subscriber to a licensed
				advisory organization may adhere to the filings made on its behalf by such
				organization except that any such member or subscriber may deviate from such
				filings upon compliance with the rules of this Chapter and review of the
				Insurance Commissioner where required by the Insurance Code.
(c)
Individual company filings.
Members and subscribers shall not file individual manuals that have been filed
				on their behalf by the appropriate advisory organization.
(d)
Filing requirements; Rate and loss
				cost deviations.
When rate or loss cost deviations are proposed, the
				filing memorandum shall indicate the applicable advisory organization filing,
				the Oklahoma Filing Number and state the percentage (%) of deviation, as well
				as the subject matter the deviation applies to by manual name and page number,
				with supporting data in accordance with the rules of this Chapter. Copies of
				all such information shall be furnished to the appropriate advisory
				organization.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-12 - Resubmittal of disapproved or rejected filings

Current through
				Vol. 41, No. 20, July 1, 2024
All resubmitted filings shall be presented to the Insurance
				  Commissioner in the same manner required by this subchapter for an original
				  filing. In addition the cover letter or completed transmittal forms addressed
				  to the Insurance Commissioner shall state the full and complete history of the
				  filing, the reason for disapproval, and the factors, that distinguish the
				  resubmittal to warrant reconsideration.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 21 Ok Reg 1659, eff
				  7-14-04
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-13 - Retroactive filings [REVOKED]

Current through Vol. 41, No. 20,
				July 1, 2024
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Revoked at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-14 - Delivery of policy to insured

Current through Vol. 41, No. 20,
				July 1, 2024
In any instance whereby a policy of insurance is effected,
				  the insured shall be furnished with either:
(1) The original policy;
(2) A copy of the original policy or a
				duplicate policy printed with ten-point or larger type; or
(3) A certificate including provisions and
				conditions of the original policy printed with ten-point or larger
				type.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 23 Ok Reg 2730, eff
				  7-14-06
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-15 - Persons requesting notice of filings [REVOKED]

Current through
				Vol. 41, No. 20, July 1, 2024
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Revoked at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-16 - Statistical plans

Current through Vol. 41, No. 20, July 1,
				2024
(a) Every insurer
				doing business in this state shall file a statistical plan and any
				modifications thereto with the Oklahoma Insurance Department.
(b) The statistical plan shall record the
				loss and expense experience of the insurer and shall provide all data elements
				necessary to support the rating systems the insurer has filed with the Oklahoma
				Insurance Department. The experience developed in accordance with an approved
				statistical plan shall be filed on a yearly basis.
(c) An insurer may appoint a registered
				advisory organization as its agent to report and file its statistical plan and
				experience.
(d) The Insurance
				Commissioner may approve an advisory organization as a statistical agent to
				gather, record, compile and report experience in such manner, form and detail
				as determined by the Insurance Commissioner to be necessary to determine
				whether rating systems comply with the standards of the Property and Casualty
				Competitive Loss Cost Rating Act.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 22 Ok Reg 2041, eff 7-14-05; Amended at 27 Ok Reg 1542,
				  eff 7-14-10
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-17 - Suspension or modification of filing requirements [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 22 Ok Reg 2041, eff 7-14-05; Revoked at 28 Ok Reg 1961,
				  eff 7-14-11
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-18 - Technicians

Current through Vol. 41, No. 20, July 1, 2024
(a)
List of technicians.
The
				Insurance Commissioner shall maintain a list of technicians, including
				actuaries, statisticians, accountants, attorneys, auditors, investigators or
				any other person, as the Insurance Commissioner may deem necessary or
				beneficial to aid in review or examination of any filings for rate revision
				made by insurers or rating organizations. The list shall be compiled on a
				yearly basis and shall be comprised for the current calendar year of those that
				submit a written request to the Insurance Commissioner by December 15 of the
				preceding year. Any technician on the list may be removed for cause. The
				Insurance Commissioner may deviate from the list when employing technicians for
				loss cost filings pursuant to Section
				901.5
				of Title 36. The Insurance Commissioner may retain technicians not on the list
				when needed.
(b)
Technicians
				shall be accredited and/or licensed.
Technicians as defined in
				subsection (a) of this section shall be fully accredited and/or licensed, as
				appropriate, in their field of expertise. Technicians may be employees of
				corporations, partnerships or individuals duly qualified to provide required
				services.
(c)
Hiring
				technicians.
The Insurance Commissioner shall have the authority to hire
				technicians defined in subsection (a) of this section as the Insurance
				Commissioner may deem necessary or beneficial to examine any filings for rate
				or loss cost revision made by insurers or advisory organizations.
(d)
Actuary.
The Insurance
				Commissioner may retain an actuary to review a filing when deemed necessary or
				beneficial by the Insurance Commissioner based on one or more of the following
				criteria:
(1) Significant premium and/or
				percentage effect;
(2) Significant
				market share as determined from market share report;
(3) Staff unfamiliar with actuarial
				methodology;
(4) Filing establishes
				a bench mark;
(5) Actuarial review
				necessitated by filer's inability to comply with filing requirements;
(6) review of the adequacy of the proposed
				filing; and
(7) Review of whether
				the proposed filing uses discrimination prohibited by 36 O.S. §
										985(A)(3).
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-19 - Deferred Premium Payment Plans

Current through Vol. 41, No. 20,
				July 1, 2024
Deferred Premium Payment Plans for policy periods in excess
				  of one year shall provide for a sufficient initial premium paid to cover a
				  short rate cancellation return premium. If the insurer or other form of
				  association fails to collect the prescribed initial premium, then the insurer
				  shall be deemed to have waived application of the short rate cancellation table
				  where such policy is canceled by the insured at the first anniversary
				  date.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-20 - Uniform application of deviations [REVOKED]

Current through
				Vol. 41, No. 20, July 1, 2024
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Revoked at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-21 - Package discount

Current through Vol. 41, No. 20, July 1,
				2024
Package policies filed and approved permitting the
				  combination of the insured's property and liability needs shall include both
				  property and liability coverages to be eligible for package discounts. The
				  property coverage shall include coverage for the building or for business
				  personal property. Highly Protected Risk Coverage or Physicians and Surgeons
				  Equipment Coverage may be substituted for the property
				  option.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-22 - Individual risk rating plans

Current through Vol. 41, No. 20,
				July 1, 2024
Individual risk rating plans shall comply with the following
				  requirements:
(1) Each individual risk
				rating plan shall be filed with the Insurance Commissioner for review and shall
				specify the kind of insurance or subdivision or combination thereof to which
				the plan applies.
(2) Each
				individual risk rating plan shall establish standards that bear a relationship
				to the variation in hazard and/or expense to be measured.
(3) Any individual risk rating plan shall be
				applied by company representatives responsible for underwriting the risk(s)
				involved.
(4) Each insurer
				utilizing such plans shall obtain all information necessary to determine the
				proper applications of such plans to any particular risk. Such supporting
				information shall be retained by the insurer for three (3) years and made
				available to the Insurance Department upon its request.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-23 - Waiver of Premium

Current through Vol. 41, No. 20, July 1,
				2024
Insurers may waive additional premium due from an insured. An
				  insurer may also waive return premium due to an insured. However, any return
				  premium shall be returned to the insured upon request. The amount to be waived
				  for both the additional premium and the return premiums shall be shown on a
				  manual rule page and filed with the Insurance Commissioner.
Added at 19 Ok Reg 1299,
				  eff 7-14-02
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-24 - Oklahoma Risk Retention Act

Current through Vol. 41, No. 20,
				July 1, 2024
Filings made in compliance with the Oklahoma Risk Retention
				  Act, 36 O.S. §
									6451, et
				  seq., shall be filed separately.
Added at 19 Ok Reg 1299,
				  eff 7-14-02; Amended at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-25 - Multi tiering

Current through Vol. 41, No. 20, July 1,
				2024
Eligibility requirements for each tier must be submitted. The
				  tier eligibility requirements must be specific and mutually exclusive, so that
				  no insured would be eligible for more than one tier. Justification must be
				  provided for the rate differential for each tier.
Added at 21 Ok Reg 1659,
				  eff 7-14-04
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-26 - Weather related claims

Current through Vol. 41, No. 20, July
				1, 2024
Homeowners policies and any other personal residential
				  insurance coverage shall not reflect a surcharge for weather related
				  claims.
Added at 22 Ok Reg 2041,
				  eff 7-14-05; Amended at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-27 - Credit related policies

Current through Vol. 41, No. 20, July
				1, 2024
The return of unearned premium on any credit related policy
				  shall not be calculated using the "sum of the digits" formula, commonly known
				  as the "Rule of 78".
Added at 22 Ok Reg 2041,
				  eff 7-14-05; Amended at 24 Ok Reg 2209, eff
				  7-14-07
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-28 - Use of lack of prior insurance in underwriting or rating

Current through Vol. 41, No. 20, July 1, 2024
Insurers shall not refuse to insure, surcharge or place an
				  applicant for insurance in a higher priced program or plan if the applicant is
				  not required to have insurance pursuant to Chapter 7 of Title 47 of the
				  Oklahoma statutes. An insurer shall not be prohibited from applying a rating
				  plan approved by the Commissioner.
Added at 22 Ok Reg 2041,
				  eff 7-14-05
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-29 - Workers' Compensation Insurance

Current through Vol. 41, No.
				20, July 1, 2024
All schedule rating plans shall cap the maximum
				  debits/credits applied at twenty-five percent (25%).
Added at 23 Ok Reg 2730,
				  eff 7-14-06
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-30 - Special Commercial Risks

Current through Vol. 41, No. 20, July
				1, 2024
To qualify for the exemption under 36 O.S. §
									997(A)(2),
				  the commercial lines insurance risks shall be separate and distinct policies,
				  with a minimum annual premium of more than Ten Thousand Dollars ($10,000.00)
				  per policy.
Added at 24 Ok Reg 2209,
				  eff 7-14-07; Amended at 29 Ok Reg 1285, eff
				  7-14-12
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-31 - Withdrawal or Discontinue Writing

Current through Vol. 41, No.
				20, July 1, 2024
Any insurer desiring to withdraw from the state or
				  discontinue the writing of certain classes of insurance or programs in this
				  state or transferring policyholders between admitted companies within the same
				  insurance holding company system shall give ninety (90) days notice in writing
				  to the Insurance Department Rate and Form Compliance Division. The insurer
				  shall state in writing its reasons for such action. The ninety (90) day notice
				  is inclusive of, and not in addition to, any other notice requirement per line
				  of business. The insurer shall also provide the following information:
(1) The number of policyholders
				affected;
(2) The number of
				insurance agents affected;
(3) The
				date the insurer will cease writing new business;
(4) The date the insurer will start
				non-renewing insurance policies;
(5) Whether the insurer has made arrangements
				with another insurer to cover the renewals;
(6) The lines of insurance on which the
				insurer plans to concentrate; and
(7) Whether the insurer anticipates
				re-entering the market.
Added at 24 Ok Reg 2209,
				  eff 7-14-07; Amended at 27 Ok Reg 1542, eff
				  7-14-10
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 7 - Property and Casualty Competitive Loss Cost Rating Regulation › Section 365:15-7-32 - Use of "a" rates

Current through Vol. 41, No. 20, July 1,
				2024
(a) An "a" rate is
				a rating rule or rate expressed as the symbol "a" or the words "refer to
				company" listed opposite a classification code on the manual rule and rate
				pages.
(1) An insurer may not use an "a" rate
				if any advisory organization or any other insurer has established a manual rate
				based upon experience for the coverage.
(2) Once an advisory organization or any
				insurer acquires sufficient experience to establish a manual rate for such
				coverage, then the coverage is no longer considered to be eligible for "a"
				rating.
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 9 - Medical Professional Liability Rate Setting › Section 365:15-9-3

Current
				through Vol. 41, No. 20, July 1, 2024
Added at 21 Ok Reg 1665,
				  eff 7-14-04; Amended at 22 Ok Reg 2041, eff 7-14-05; Amended at 27 Ok Reg 1542,
				  eff 7-14-10
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 9 - Medical Professional Liability Rate Setting › Section 365:15-9-8

Current
				through Vol. 41, No. 20, July 1, 2024
Added at 21 Ok Reg 1665,
				  eff 7-14-04; Amended at 22 Ok Reg 2041, eff
				  7-14-05
Oklahoma Administrative Code › Title 365 - Insurance Department › Chapter 15 - Property and Casualty › Subchapter 9 - Medical Professional Liability Rate Setting › Section 365:15-9-18

Current
				through Vol. 41, No. 20, July 1, 2024
Added at 24 Ok Reg 2209,
				  eff 7-14-07; Amended at 27 Ok Reg 1542, eff
				  7-14-10