Okla. Stat. tit. 36, § 36-2204

A. A medical professional liability trust shall file the

following items with the Commissioner:

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1. Within forty-five (45) days after the end of each of the

first three quarterly periods of each fiscal year, a statement of

the assets and liabilities of the trust as of the end of the

quarterly period, a statement of the revenue and expenditures of the

trust, and a statement of the changes in corpus of the trust for the

period, in each case accompanied by a certificate to the effect that

the statements were prepared from the official books and records of

the trust;

2. Within ninety (90) days after the end of each fiscal year, a

statement of the assets and liabilities of the trust as of the end

of that year, a statement of the revenue and expenditures of the

trust, and a statement of the changes in corpus of the trust for

that year, in each case accompanied by a certificate signed by a

firm of independent certified public accountants indicating that the

firm has conducted an audit of those statements in accordance with

generally accepted auditing standards and indicating the results of

the audit;

3. The independently audited annual financial statement of the

trust by June 1 of each year;

4. The closed claim reports as are required pursuant to

Sections 6810 through 6816 of Title 36 of the Oklahoma Statutes;

5. Rates and forms within thirty (30) days after issuance of

the first policy and within thirty (30) days after any changes to

the previously filed rates and forms; and

6. Any amendment to the trust instrument within thirty (30)

days of making the amendment.

B. A trust shall, annually, on or before the first day of

March, report under oath to the Commissioner, the total amount of

direct written consideration received from the membership during the

preceding calendar year, or since the last return of such

considerations was made by such trust.

1. A trust shall pay to the Department, on or before March 1,

an annual tax on all direct written considerations, after all

returned considerations are deducted for the privileges of having

written, continued and/or serviced contracts of indemnity except

considerations paid by any governmental agency or instrumentality.

The rate of taxation shall be two and twenty-five one-hundredths

percent (2.25%). If any trust fails to remit such taxes in a timely

manner, it shall remain liable therefor together with interest

thereon at an annual rate equal to the average United States

Treasury Bill rate of the preceding calendar year as certified by

the State Treasurer on the first regular business day in January of

each year, plus four (4) percentage points.

2. For any trust taxed pursuant to this section, the annual tax

shall be in lieu of all other state taxes or fees, except the taxes

and fees of any subdivision or municipality of the state and except

ad valorem taxes. Any trust failing to make such returns and

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payments promptly and correctly shall forfeit and pay to the

Commissioner, in addition to the amount of said taxes and fees and

interest, the sum of Five Hundred Dollars ($500.00) or an amount

equal to one percent (1%) of the unpaid amount, whichever is

greater; and the trust so failing or neglecting for sixty (60) days

shall thereafter be debarred from transacting any business in this

state until said taxes, fees and penalties are fully paid.

3. All taxes, fees and penalties collected under this section

shall be reported and disbursed by the Commissioner and appropriated

pursuant to the provisions of Section 312.1 of Title 36 of the

Oklahoma Statutes.