Okla. Stat. tit. 36, § 36-1145
This is the official text of Okla. Stat. tit. 36, § 36-1145, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Rules and statistical plans - Commissioner authority to
Official statutory text
promulgate - Scope.
A. The Insurance Commissioner shall promulgate rules and
statistical plans adapted to each of the rating systems on file,
which may be modified, from time to time, and which shall be used
Oklahoma Statutes - Title 36. Insurance Page 266
thereafter by each insurer in the recording and reporting of its
loss and countrywide expense experience, in order that the
experience of all insurers may be made available, at least annually,
in such form and detail as may be necessary to aid it in determining
whether rating systems comply with the standards set forth in this
act.
1. Such rules and plans may also provide for the recording and
reporting of expense experience items which are specially applicable
to this state and are not susceptible to determination by a
prorating of countrywide expense experience.
2. In promulgating such rules and plans, the Commissioner shall
give due consideration to the rating system on file and, in order
that such rules and plans may be as uniform as is practicable among
the several states, to the rules and to the form of the plans used
for such rating systems in other states.
3. No insurer shall be required to record or report its loss
experience on a classification basis that is inconsistent with the
rating system filed by it.
4. The Commissioner may designate one or more advisory
organizations or other agencies to assist it in gathering such
experience and making compilations thereof, and such compilations
shall be made available, subject to reasonable rules promulgated by
the Commissioner, to insurers and advisory organizations.
B. Reasonable rules and plans may be promulgated by the
Commissioner for the interchange of data necessary for the
application of rating plans.
C. In order to further uniform administration of rate
regulatory laws, the Commissioner and every insurer and advisory
organization may exchange information and experience data with
insurance supervisory officials, insurers and rating organizations
in other states and may consult with them with respect to ratemaking
and the application of rating systems.
D. The Commissioner may make reasonable rules and regulations
necessary to effect the purposes of this act.
A. The Insurance Commissioner shall promulgate rules and
statistical plans adapted to each of the rating systems on file,
which may be modified, from time to time, and which shall be used
Oklahoma Statutes - Title 36. Insurance Page 266
thereafter by each insurer in the recording and reporting of its
loss and countrywide expense experience, in order that the
experience of all insurers may be made available, at least annually,
in such form and detail as may be necessary to aid it in determining
whether rating systems comply with the standards set forth in this
act.
1. Such rules and plans may also provide for the recording and
reporting of expense experience items which are specially applicable
to this state and are not susceptible to determination by a
prorating of countrywide expense experience.
2. In promulgating such rules and plans, the Commissioner shall
give due consideration to the rating system on file and, in order
that such rules and plans may be as uniform as is practicable among
the several states, to the rules and to the form of the plans used
for such rating systems in other states.
3. No insurer shall be required to record or report its loss
experience on a classification basis that is inconsistent with the
rating system filed by it.
4. The Commissioner may designate one or more advisory
organizations or other agencies to assist it in gathering such
experience and making compilations thereof, and such compilations
shall be made available, subject to reasonable rules promulgated by
the Commissioner, to insurers and advisory organizations.
B. Reasonable rules and plans may be promulgated by the
Commissioner for the interchange of data necessary for the
application of rating plans.
C. In order to further uniform administration of rate
regulatory laws, the Commissioner and every insurer and advisory
organization may exchange information and experience data with
insurance supervisory officials, insurers and rating organizations
in other states and may consult with them with respect to ratemaking
and the application of rating systems.
D. The Commissioner may make reasonable rules and regulations
necessary to effect the purposes of this act.
Status: in_force · Read it on the official government site
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