Okla. Stat. tit. 36, § 36-2002
This is the official text of Okla. Stat. tit. 36, § 36-2002, 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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Purpose of act
Official statutory text
A. The purpose of the Oklahoma Property and Casualty Insurance
Guaranty Association Act is to provide a mechanism for the payment
of covered claims under certain insurance policies, to avoid
excessive delay in payment, and to the extent provided in this act,
minimize financial loss to claimants or policyholders because of the
insolvency of an insurer, and to provide an association to assess
the cost of protection among insurers.
B. The Oklahoma Property and Casualty Insurance Guaranty
Association Act shall be construed to effect the purpose provided
for in subsection A of this section which shall constitute an aid
and guide to interpretation of the Oklahoma Property and Casualty
Insurance Guaranty Association Act.
Guaranty Association Act is to provide a mechanism for the payment
of covered claims under certain insurance policies, to avoid
excessive delay in payment, and to the extent provided in this act,
minimize financial loss to claimants or policyholders because of the
insolvency of an insurer, and to provide an association to assess
the cost of protection among insurers.
B. The Oklahoma Property and Casualty Insurance Guaranty
Association Act shall be construed to effect the purpose provided
for in subsection A of this section which shall constitute an aid
and guide to interpretation of the Oklahoma Property and Casualty
Insurance Guaranty Association Act.
Status: in_force · Read it on the official government site
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