Okla. Stat. tit. 36, § 36-2208
This is the official text of Okla. Stat. tit. 36, § 36-2208, 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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Duties of Commissioner – Review and evaluation
Official statutory text
A. The Insurance Commissioner shall annually review
negotiations between the trust and any entity to provide
administrative, claim, underwriting or claim management services or
excess insurance, aggregate excess insurance and reinsurance to the
trust.
B. The Commissioner shall, at least twice yearly, review and
evaluate each category of operations of the trust or association as
follows:
1. Underwriting policies and activities, including all new
applications for coverage, as well as all decisions regarding denial
of new policies and surcharges on or nonrenewal of existing
insureds;
2. Summaries of all claims activities, including number of
claims filed, lawsuits filed, resolution of closed claims and
lawsuits, amounts paid in settlements, jury verdicts, defense
attorney fees, expert witness costs and other defense costs;
3. Consumer satisfaction with quality of service by the trust
or its agents;
4. Investment activities;
5. All filed base rates and proposed rate increases; and
6. All risk-management activities, including continuing
education and counseling of insureds.
C. The trust shall provide the Commissioner with policy
changes, rate changes, rules proposed by the trust and changes to
the trust instrument prior to implementation of policy changes, rate
changes, proposed rules and changes to the trust instrument within
thirty (30) days of implementation of such changes.
negotiations between the trust and any entity to provide
administrative, claim, underwriting or claim management services or
excess insurance, aggregate excess insurance and reinsurance to the
trust.
B. The Commissioner shall, at least twice yearly, review and
evaluate each category of operations of the trust or association as
follows:
1. Underwriting policies and activities, including all new
applications for coverage, as well as all decisions regarding denial
of new policies and surcharges on or nonrenewal of existing
insureds;
2. Summaries of all claims activities, including number of
claims filed, lawsuits filed, resolution of closed claims and
lawsuits, amounts paid in settlements, jury verdicts, defense
attorney fees, expert witness costs and other defense costs;
3. Consumer satisfaction with quality of service by the trust
or its agents;
4. Investment activities;
5. All filed base rates and proposed rate increases; and
6. All risk-management activities, including continuing
education and counseling of insureds.
C. The trust shall provide the Commissioner with policy
changes, rate changes, rules proposed by the trust and changes to
the trust instrument prior to implementation of policy changes, rate
changes, proposed rules and changes to the trust instrument within
thirty (30) days of implementation of such changes.
Status: in_force · Read it on the official government site
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