Okla. Stat. tit. 36, § 36-4904
This is the official text of Okla. Stat. tit. 36, § 36-4904, 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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Bail bond insurers - Financial statement - Reports
Official statutory text
A. Each insurer writing bail bonds in this state shall file in
the Office of the Insurance Commissioner quarterly statements which
shall exhibit the financial condition of the insurer. The
statements shall be in such general form and content as approved by
the National Association of Insurance Commissioners for the kinds of
insurance to be reported, and as supplemented for additional
information as required by the Commissioner. Such statements shall
be subscribed and sworn by the president and secretary and other
Oklahoma Statutes - Title 36. Insurance Page 1015
proper officers of the insurer. The statements shall be filed on or
before the following dates:
1. First quarter statement, which shall include data from
January 1 to March 31, on the last business day in April;
2. Second quarter statement, which shall include data from
April 1 to June 30, on the last business day of July;
3. Third quarter statement, which shall include data from July
1 to September 30, on the last business day of October; and
4. Annual financial statement as described in Section 311 of
this title, which shall serve as fourth quarter statement and which
shall be filed annually on the date specified in Section 311 of this
title, in the office of the Commissioner by each insurer writing
bail bonds.
B. The statements required to be filed pursuant to subsection A
of this section shall contain the loss reserve for bail bonds
written in this state. Loss reserves shall be computed as twenty-
five percent (25%) of the direct written premium of outstanding
liability less monies held by the insurer in trust to pay losses
from bail.
C. Each insurer writing bail bonds in this state shall file
monthly reports based upon the previous month's activity with the
Commissioner and on forms prescribed by the Commissioner within
thirty (30) days after the end of each preceding month, which shall
include the following information and such other information as the
Commissioner deems necessary:
1. Amount of deposit held by the Commissioner with a list of
the securities available and their current valuation;
2. Bail bond premium volume for this state;
3. Administrative action, if any, taken by other states against
the insurer;
4. List of collateral held by the insurer stating the location
of collateral, the corresponding county involved, the case number
and the bondsman soliciting the bond;
5. Loss ratio;
6. Outstanding liability; and
7. A list of agents or bondsmen whose contracts have been
canceled.
the Office of the Insurance Commissioner quarterly statements which
shall exhibit the financial condition of the insurer. The
statements shall be in such general form and content as approved by
the National Association of Insurance Commissioners for the kinds of
insurance to be reported, and as supplemented for additional
information as required by the Commissioner. Such statements shall
be subscribed and sworn by the president and secretary and other
Oklahoma Statutes - Title 36. Insurance Page 1015
proper officers of the insurer. The statements shall be filed on or
before the following dates:
1. First quarter statement, which shall include data from
January 1 to March 31, on the last business day in April;
2. Second quarter statement, which shall include data from
April 1 to June 30, on the last business day of July;
3. Third quarter statement, which shall include data from July
1 to September 30, on the last business day of October; and
4. Annual financial statement as described in Section 311 of
this title, which shall serve as fourth quarter statement and which
shall be filed annually on the date specified in Section 311 of this
title, in the office of the Commissioner by each insurer writing
bail bonds.
B. The statements required to be filed pursuant to subsection A
of this section shall contain the loss reserve for bail bonds
written in this state. Loss reserves shall be computed as twenty-
five percent (25%) of the direct written premium of outstanding
liability less monies held by the insurer in trust to pay losses
from bail.
C. Each insurer writing bail bonds in this state shall file
monthly reports based upon the previous month's activity with the
Commissioner and on forms prescribed by the Commissioner within
thirty (30) days after the end of each preceding month, which shall
include the following information and such other information as the
Commissioner deems necessary:
1. Amount of deposit held by the Commissioner with a list of
the securities available and their current valuation;
2. Bail bond premium volume for this state;
3. Administrative action, if any, taken by other states against
the insurer;
4. List of collateral held by the insurer stating the location
of collateral, the corresponding county involved, the case number
and the bondsman soliciting the bond;
5. Loss ratio;
6. Outstanding liability; and
7. A list of agents or bondsmen whose contracts have been
canceled.
Status: in_force · Read it on the official government site
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