Okla. Stat. tit. 36, § 36-6103.1
This is the official text of Okla. Stat. tit. 36, § 36-6103.1, 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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Purpose of act
Official statutory text
A. The purpose of Sections 11 through 21 of this act is to
subject certain persons and insurers to the jurisdiction of:
1. The Insurance Commissioner, including proceedings before the
Commissioner; and
Oklahoma Statutes - Title 36. Insurance Page 1128
2. The courts of this state in suits by or on behalf of this
state and insureds or beneficiaries under insurance contracts.
B. The Legislature declares that it is a subject of concern
that many residents of this state hold policies of insurance issued
by persons and insurers not authorized to do insurance business in
this state, thus presenting to such residents the often insuperable
obstacle of asserting their legal rights under such policies in
forums foreign to them under laws and rules of practice with which
they are not familiar. The Legislature declares that it is also
concerned with the protection of residents of this state against
acts by persons and insurers not authorized to do an insurance
business in this state by:
1. The maintenance of fair and honest insurance markets;
2. Protecting the premium tax revenues of this state;
3. Protecting authorized persons and insurers which are subject
to strict regulation from unfair competition by unauthorized persons
and insurers; and
4. Protecting against the evasion of the insurance regulatory
laws of this state.
subject certain persons and insurers to the jurisdiction of:
1. The Insurance Commissioner, including proceedings before the
Commissioner; and
Oklahoma Statutes - Title 36. Insurance Page 1128
2. The courts of this state in suits by or on behalf of this
state and insureds or beneficiaries under insurance contracts.
B. The Legislature declares that it is a subject of concern
that many residents of this state hold policies of insurance issued
by persons and insurers not authorized to do insurance business in
this state, thus presenting to such residents the often insuperable
obstacle of asserting their legal rights under such policies in
forums foreign to them under laws and rules of practice with which
they are not familiar. The Legislature declares that it is also
concerned with the protection of residents of this state against
acts by persons and insurers not authorized to do an insurance
business in this state by:
1. The maintenance of fair and honest insurance markets;
2. Protecting the premium tax revenues of this state;
3. Protecting authorized persons and insurers which are subject
to strict regulation from unfair competition by unauthorized persons
and insurers; and
4. Protecting against the evasion of the insurance regulatory
laws of this state.
Status: in_force · Read it on the official government site
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