Okla. Stat. tit. 36, § 36-362
This is the official text of Okla. Stat. tit. 36, § 36-362, 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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Fees – Transfer to Attorney General’s Insurance Fraud Unit
Official statutory text
Revolving Fund.
An annual fee of Seven Hundred Fifty Dollars ($750.00) shall be
paid to the Insurance Commissioner to be expended by the Insurance
Commissioner for the purposes of investigation of suspected
insurance fraud and civil or administrative action in cases
involving suspected insurance fraud. The following shall pay an
annual fee of Seven Hundred Fifty Dollars ($750.00) to the Insurance
Department which shall be payable quarterly in the amount of One
Hundred Eighty-seven Dollars and fifty cents ($187.50): Life,
accident and health insurers; property and casualty insurers; county
Oklahoma Statutes - Title 36. Insurance Page 113
mutual fire insurers; mutual benefit associations; fraternal benefit
societies; reciprocal insurers; motor service clubs; title insurers;
nonprofit insurers; health maintenance organizations (HMOs); service
warranty associations; surplus lines carriers; multiple employer
welfare arrangements (MEWAs); trusts which write surety policies;
prepaid dental plan organizations; and accredited reinsurers. The
payments shall be due on or before the last day of the month
following each calendar quarter. Beginning in the calendar year
2010, payment of the annual fee shall be made as one payment of
Seven Hundred Fifty Dollars ($750.00) which shall be paid on or
before July 1. Within sixty (60) days after each calendar quarter
in which monies are collected, the Commissioner shall transfer
twenty-five percent (25%) of all monies collected by the Insurance
Department pursuant to this section to the Attorney General’s
Insurance Fraud Unit Revolving Fund created in Section 19.3 of Title
74 of the Oklahoma Statutes, for use by the Attorney General in the
investigation and prosecution of insurance fraud.
An annual fee of Seven Hundred Fifty Dollars ($750.00) shall be
paid to the Insurance Commissioner to be expended by the Insurance
Commissioner for the purposes of investigation of suspected
insurance fraud and civil or administrative action in cases
involving suspected insurance fraud. The following shall pay an
annual fee of Seven Hundred Fifty Dollars ($750.00) to the Insurance
Department which shall be payable quarterly in the amount of One
Hundred Eighty-seven Dollars and fifty cents ($187.50): Life,
accident and health insurers; property and casualty insurers; county
Oklahoma Statutes - Title 36. Insurance Page 113
mutual fire insurers; mutual benefit associations; fraternal benefit
societies; reciprocal insurers; motor service clubs; title insurers;
nonprofit insurers; health maintenance organizations (HMOs); service
warranty associations; surplus lines carriers; multiple employer
welfare arrangements (MEWAs); trusts which write surety policies;
prepaid dental plan organizations; and accredited reinsurers. The
payments shall be due on or before the last day of the month
following each calendar quarter. Beginning in the calendar year
2010, payment of the annual fee shall be made as one payment of
Seven Hundred Fifty Dollars ($750.00) which shall be paid on or
before July 1. Within sixty (60) days after each calendar quarter
in which monies are collected, the Commissioner shall transfer
twenty-five percent (25%) of all monies collected by the Insurance
Department pursuant to this section to the Attorney General’s
Insurance Fraud Unit Revolving Fund created in Section 19.3 of Title
74 of the Oklahoma Statutes, for use by the Attorney General in the
investigation and prosecution of insurance fraud.
Status: in_force · Read it on the official government site
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