Okla. Stat. tit. 36, § 36-1250.9
This is the official text of Okla. Stat. tit. 36, § 36-1250.9, 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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Periodic reports
Official statutory text
A. If the Insurance Commissioner determines, based on an
investigation of complaints of unfair claim settlement practices,
that an insurer has engaged in unfair claim settlement practices
with such frequency as to indicate a general business practice and
that such insurer should be subjected to closer supervision with
respect to such practices, the Commissioner may require the insurer
to file a report at such periodic intervals as the Commissioner
deems necessary. The Commissioner shall also devise a statistical
Oklahoma Statutes - Title 36. Insurance Page 316
plan for such periodic reports, which shall contain but not be
limited to the following information:
1. The total number of written claims filed, including the
original amount filed for by the insured and the classification by
line of insurance of each individual written claim, for the past
twelve-month period or from the date of the insurer's last periodic
report, whichever time is shorter;
2. The total number of written claims denied, for the past
twelve-month period or from the date of the insurer's last periodic
report, whichever time is shorter;
3. The total number of written claims settled, including the
original amount filed for by the insured, the settled amount, and
the classification of line of insurance of each individual settled
claim, for the past twelve-month period or from the date of the
insurer's last periodic report, whichever time is shorter;
4. The total number of written claims for which lawsuits were
instituted against the insurer, including the original amount of the
claim filed for by the insured, the amount of final adjudication,
the reason for the lawsuit and the classification by line of
insurance of each individual written claim, for the past twelve-
month period or from the date of the insurer's last periodic report,
whichever time is shorter; and
5. All information required by paragraph 14 of Section 1250.5
of this title.
B. For the purposes of this section, "written claims" means
those claims reduced to writing and filed by a resident of this
state with an insurer.
investigation of complaints of unfair claim settlement practices,
that an insurer has engaged in unfair claim settlement practices
with such frequency as to indicate a general business practice and
that such insurer should be subjected to closer supervision with
respect to such practices, the Commissioner may require the insurer
to file a report at such periodic intervals as the Commissioner
deems necessary. The Commissioner shall also devise a statistical
Oklahoma Statutes - Title 36. Insurance Page 316
plan for such periodic reports, which shall contain but not be
limited to the following information:
1. The total number of written claims filed, including the
original amount filed for by the insured and the classification by
line of insurance of each individual written claim, for the past
twelve-month period or from the date of the insurer's last periodic
report, whichever time is shorter;
2. The total number of written claims denied, for the past
twelve-month period or from the date of the insurer's last periodic
report, whichever time is shorter;
3. The total number of written claims settled, including the
original amount filed for by the insured, the settled amount, and
the classification of line of insurance of each individual settled
claim, for the past twelve-month period or from the date of the
insurer's last periodic report, whichever time is shorter;
4. The total number of written claims for which lawsuits were
instituted against the insurer, including the original amount of the
claim filed for by the insured, the amount of final adjudication,
the reason for the lawsuit and the classification by line of
insurance of each individual written claim, for the past twelve-
month period or from the date of the insurer's last periodic report,
whichever time is shorter; and
5. All information required by paragraph 14 of Section 1250.5
of this title.
B. For the purposes of this section, "written claims" means
those claims reduced to writing and filed by a resident of this
state with an insurer.
Status: in_force · Read it on the official government site
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