Okla. Stat. tit. 36, § 36-4430
This is the official text of Okla. Stat. tit. 36, § 36-4430, 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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Renewal premium rates
Official statutory text
A. Upon approval of the Insurance Commissioner, an insurer may
charge an increased renewal premium upon showing that the increase
is necessary because of utilization of policy benefits in excess of
the expected rate.
B. 1. This section does not apply to life insurance policies or
riders containing accelerated long-term care benefits.
2. For certificates issued or delivered on or after November 1,
1995, under a group long-term care insurance policy as defined in
Section 4424 of this title, which policy was in force on November 1,
1995, the provisions of this section shall not apply.
Oklahoma Statutes - Title 36. Insurance Page 977
3. This section does not apply to policies or certificates
approved for issue or delivery on or after November 1, 2001.
charge an increased renewal premium upon showing that the increase
is necessary because of utilization of policy benefits in excess of
the expected rate.
B. 1. This section does not apply to life insurance policies or
riders containing accelerated long-term care benefits.
2. For certificates issued or delivered on or after November 1,
1995, under a group long-term care insurance policy as defined in
Section 4424 of this title, which policy was in force on November 1,
1995, the provisions of this section shall not apply.
Oklahoma Statutes - Title 36. Insurance Page 977
3. This section does not apply to policies or certificates
approved for issue or delivery on or after November 1, 2001.
Status: in_force · Read it on the official government site
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