Okla. Stat. tit. 36, § 36-307.6
This is the official text of Okla. Stat. tit. 36, § 36-307.6, 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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Insurance Department Pharmacy Benefits Manager Revolving
Official statutory text
Fund.
Oklahoma Statutes - Title 36. Insurance Page 61
A. There is hereby created in the State Treasury a revolving
fund for the Insurance Department, to be designated the "Insurance
Department Pharmacy Benefits Manager Revolving Fund". The fund
shall be a continuing fund, not subject to fiscal year limitation,
and shall consist of any monies deposited to the fund as provided in
subsection B of this section. All monies accruing to the credit of
the fund are hereby appropriated and may be budgeted and expended by
the Department for the purpose of licensing, regulating and
investigating abuse, negligence, criminal conduct, or other
violations of insurance laws and regulations, and ensuring
compliance with the same. Warrants for expenditures from the
revolving fund shall be drawn by the State Treasurer, based on
claims signed by an authorized employee or employees of the
Insurance Department, and filed with the Director of the Office of
Management and Enterprise Services.
B. The Department shall deposit all the monies obtained from
the licensure and regulation of pharmacy benefits managers
including, but not limited to, any fees, fines, settlement or
consent order proceeds, or other penalties assessed and collected
into the Insurance Department Pharmacy Benefits Manager Revolving
Fund created in subsection A of this act.
Oklahoma Statutes - Title 36. Insurance Page 61
A. There is hereby created in the State Treasury a revolving
fund for the Insurance Department, to be designated the "Insurance
Department Pharmacy Benefits Manager Revolving Fund". The fund
shall be a continuing fund, not subject to fiscal year limitation,
and shall consist of any monies deposited to the fund as provided in
subsection B of this section. All monies accruing to the credit of
the fund are hereby appropriated and may be budgeted and expended by
the Department for the purpose of licensing, regulating and
investigating abuse, negligence, criminal conduct, or other
violations of insurance laws and regulations, and ensuring
compliance with the same. Warrants for expenditures from the
revolving fund shall be drawn by the State Treasurer, based on
claims signed by an authorized employee or employees of the
Insurance Department, and filed with the Director of the Office of
Management and Enterprise Services.
B. The Department shall deposit all the monies obtained from
the licensure and regulation of pharmacy benefits managers
including, but not limited to, any fees, fines, settlement or
consent order proceeds, or other penalties assessed and collected
into the Insurance Department Pharmacy Benefits Manager Revolving
Fund created in subsection A of this act.
Status: in_force · Read it on the official government site
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