Okla. Stat. tit. 36, § 36-2018
This is the official text of Okla. Stat. tit. 36, § 36-2018, 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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Payment of assessment - Effect on rate increase or
Official statutory text
decrease.
Any member insurer who has paid an assessment pursuant to the
Oklahoma Property and Casualty Insurance Guaranty Association Act
shall include amounts sufficient to recoup a sum equal to the
amounts paid to the Oklahoma Property and Casualty Insurance
Guaranty Association by the member insurer, less any amounts
returned to the member insurer by the Association. Rates shall not
be deemed excessive because they contain an additional amount
reasonably calculated to recoup all assessments paid by the member
Oklahoma Statutes - Title 36. Insurance Page 587
insurer in its next filing for a rate increase or decrease before
the Insurance Commissioner.
Any member insurer who has paid an assessment pursuant to the
Oklahoma Property and Casualty Insurance Guaranty Association Act
shall include amounts sufficient to recoup a sum equal to the
amounts paid to the Oklahoma Property and Casualty Insurance
Guaranty Association by the member insurer, less any amounts
returned to the member insurer by the Association. Rates shall not
be deemed excessive because they contain an additional amount
reasonably calculated to recoup all assessments paid by the member
Oklahoma Statutes - Title 36. Insurance Page 587
insurer in its next filing for a rate increase or decrease before
the Insurance Commissioner.
Status: in_force · Read it on the official government site
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