Okla. Stat. tit. 15, § 15-141.13v2

A. No service warranty form or related form shall be issued or

used in this state unless the form has been filed with the Insurance

Commissioner. Service warranty forms shall not be subject to prior

approval and shall be filed with the Insurance Commissioner for

informational purposes only.

B. Each service warranty contract shall contain a cancelation

provision. In the event the contract is canceled by the warranty

holder, return of the provider fee shall be based upon ninety

percent (90%) of the unearned pro rata provider fee less the actual

cost of any service provided under the service warranty contract.

In the event the contract is canceled by the association, return of

premium shall be based upon one hundred percent (100%) of unearned

pro rata provider fee less the actual cost of any service provided

under the service warranty contract.

C. Service warranties shall state the name and address of the

service warranty association and shall identify any administrator if

different from the service warranty association, the service

warranty seller and the service warranty holder to the extent that

the name of the service warranty holder has been furnished by the

service warranty holder. For service warranties issued on and after

July 1, 2017, the identity of the service warranty association and

its license number shall be preprinted on the service warranty or

added at the time of sale so consumers can clearly identify the

obligor of the service warranty. Information to be printed at the

Oklahoma Statutes - Title 15. Contracts Page 47

time of sale shall be indicated as such at the time the service

warranty is filed and a “Jane Doe” specimen shall accompany the

service warranty illustrating how the service warranty will look

after printing.

Each person and service warranty association shall

electronically submit, in the form and manner prescribed by the

Commissioner, any change of legal business name, “doing business as”

or assumed name, address, or contact email address within thirty

(30) days after the change occurred, and any fees deemed necessary

by the Commissioner. Any submission of a change under this

paragraph received more than thirty (30) days after the change

occurs shall be accompanied by a fee of Fifty Dollars ($50.00).

D. The Commissioner shall have the authority to immediately

order a service warranty association to stop using any service

warranty contract if the Commissioner determines that the form:

1. Violates the Service Warranty Act;

2. Is misleading in any respect; or

3. Is reproduced so that any material provision is

substantially illegible.

E. The Insurance Commissioner may, by order, exempt from the

requirements of this section for so long as he or she deems proper

any document or form or type thereof as specified in such order, to

which, in his or her discretion, this section may not practicably be

applied, or the filing of which is, in his or her opinion, not

desirable or necessary for the protection of the public.