Okla. Stat. tit. 36, § 36-1530
This is the official text of Okla. Stat. tit. 36, § 36-1530, 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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Provisions of act supplemental – Promulgation of rules -
Official statutory text
Exemptions from act.
A. The provisions of this act are supplemental to any other
provisions of the laws of this state, and shall not preclude or
limit any other powers or duties of the Insurance Commissioner under
such laws, including, but not limited to, Article 18 or 19 of the
Insurance Code.
B. The Commissioner may promulgate reasonable rules necessary
for the implementation of this act.
C. The Commissioner may exempt from the application of this act
in any year any domestic insurer which:
1. Writes direct business only in this state; and
2. Assumes no reinsurance in excess of five percent (5%) of
direct premium written.
D. Insurers domiciled in this state that are issuing policies
of medical professional liability insurance to physicians, allied
health care professionals and health care institutions as defined by
Section 2202 of this title on July 1, 2004, which notify the
Commissioner in writing of the insurer’s election to utilize the
moratorium provided in Section 1509 of this title shall be exempt
from the provisions of this title which require an insurer to
maintain an adequate surplus as regards policyholders as a condition
to obtaining or renewal of a license to act as an insurer, until
December 31, 2008. The Commissioner shall not enforce any
recapitalization plan against any insurer domiciled in this state
that is issuing policies of physicians’, allied health care
professionals’ and health care institutions’ professional liability
insurance until December 31, 2008.
A. The provisions of this act are supplemental to any other
provisions of the laws of this state, and shall not preclude or
limit any other powers or duties of the Insurance Commissioner under
such laws, including, but not limited to, Article 18 or 19 of the
Insurance Code.
B. The Commissioner may promulgate reasonable rules necessary
for the implementation of this act.
C. The Commissioner may exempt from the application of this act
in any year any domestic insurer which:
1. Writes direct business only in this state; and
2. Assumes no reinsurance in excess of five percent (5%) of
direct premium written.
D. Insurers domiciled in this state that are issuing policies
of medical professional liability insurance to physicians, allied
health care professionals and health care institutions as defined by
Section 2202 of this title on July 1, 2004, which notify the
Commissioner in writing of the insurer’s election to utilize the
moratorium provided in Section 1509 of this title shall be exempt
from the provisions of this title which require an insurer to
maintain an adequate surplus as regards policyholders as a condition
to obtaining or renewal of a license to act as an insurer, until
December 31, 2008. The Commissioner shall not enforce any
recapitalization plan against any insurer domiciled in this state
that is issuing policies of physicians’, allied health care
professionals’ and health care institutions’ professional liability
insurance until December 31, 2008.
Status: in_force · Read it on the official government site
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