Okla. Stat. tit. 36, § 36-3619
This is the official text of Okla. Stat. tit. 36, § 36-3619, 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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Underwriters' and combination policies
Official statutory text
A. Two or more authorized insurers may jointly issue, and shall
be jointly and severally liable on, an underwriters' policy bearing
their names. Any one insurer may issue policies in the name of an
underwriter's department and such policy shall plainly show the true
name of the insurer.
B. Two or more insurers may, with the approval of the Insurance
Commissioner, issue a combination policy which shall contain
provisions substantially as follows:
1. That the insurers executing the policy shall be severally
liable for the full amount of any loss or damage, according to the
terms of the policy, or for specified percentages or amounts
thereof, aggregating the full amount of insurance under the policy,
and
2. That service of process, or of any notice or proof of loss
required by such policy, upon any of the insurers executing the
policy, shall constitute service upon all such insurers.
C. Two or more insurers may, with the approval of the Insurance
Commissioner, issue a combination policy wherein the subject of
insurance is insured against specific risks or perils. In such
policy the liability for specific risks or perils assumed by each
insurer shall be clearly set out, and each insurer shall be liable
only for the risks or perils specifically assumed.
D. This section shall not apply to co-surety obligations.
be jointly and severally liable on, an underwriters' policy bearing
their names. Any one insurer may issue policies in the name of an
underwriter's department and such policy shall plainly show the true
name of the insurer.
B. Two or more insurers may, with the approval of the Insurance
Commissioner, issue a combination policy which shall contain
provisions substantially as follows:
1. That the insurers executing the policy shall be severally
liable for the full amount of any loss or damage, according to the
terms of the policy, or for specified percentages or amounts
thereof, aggregating the full amount of insurance under the policy,
and
2. That service of process, or of any notice or proof of loss
required by such policy, upon any of the insurers executing the
policy, shall constitute service upon all such insurers.
C. Two or more insurers may, with the approval of the Insurance
Commissioner, issue a combination policy wherein the subject of
insurance is insured against specific risks or perils. In such
policy the liability for specific risks or perils assumed by each
insurer shall be clearly set out, and each insurer shall be liable
only for the risks or perils specifically assumed.
D. This section shall not apply to co-surety obligations.
Status: in_force · Read it on the official government site
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