Okla. Stat. tit. 15, § 15-141.20
This is the official text of Okla. Stat. tit. 15, § 15-141.20, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.
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Prohibited conduct
Official statutory text
A. Nothing in the Service Warranty Act shall be deemed to
authorize any service warranty association to transact any insurance
business or otherwise to engage in any type of insurance unless the
association is authorized under a certificate of authority issued by
the Insurance Commissioner.
B. No authorized insurer or licensed service warranty
association shall act as a fronting company for any unauthorized
insurer or unlicensed service warranty association. As used in this
subsection, a "fronting company" is an authorized insurer or
licensed service warranty association which, by reinsurance or
otherwise, generally transfers to one or more unauthorized insurers
or unlicensed service warranty associations, the risk of loss under
warranties written by the company in this state.
authorize any service warranty association to transact any insurance
business or otherwise to engage in any type of insurance unless the
association is authorized under a certificate of authority issued by
the Insurance Commissioner.
B. No authorized insurer or licensed service warranty
association shall act as a fronting company for any unauthorized
insurer or unlicensed service warranty association. As used in this
subsection, a "fronting company" is an authorized insurer or
licensed service warranty association which, by reinsurance or
otherwise, generally transfers to one or more unauthorized insurers
or unlicensed service warranty associations, the risk of loss under
warranties written by the company in this state.
Status: in_force · Read it on the official government site
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