Okla. Stat. tit. 36, § 36-6129
This is the official text of Okla. Stat. tit. 36, § 36-6129, 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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Records - Annual statement of financial condition
Official statutory text
Each organization which has outstanding contracts for prepaid
funeral benefits shall maintain within this state such records as
the Insurance Commissioner may require to enable the Insurance
Commissioner to determine whether the organization is complying with
the provisions of Sections 6121 through 6136.18 of this title. Each
organization shall provide to the Insurance Commissioner an annual
statement of the financial condition of funds collected pursuant to
contracts for prepaid funeral benefits. The statement shall be due
by the fifteenth day of March of each year and shall reflect, at a
minimum, the assets and liabilities of each prepaid funeral benefits
fund and the location and status of all trust funds for prepaid
funeral benefits as of the last day of December of the preceding
year. Failure to file an annual statement by the date required may
result in censure, or suspension or revocation of the permit, or an
administrative penalty imposed by the Insurance Commissioner not to
exceed One Thousand Dollars ($1,000.00) for each occurrence, or be
subject to both penalty and punishment.
funeral benefits shall maintain within this state such records as
the Insurance Commissioner may require to enable the Insurance
Commissioner to determine whether the organization is complying with
the provisions of Sections 6121 through 6136.18 of this title. Each
organization shall provide to the Insurance Commissioner an annual
statement of the financial condition of funds collected pursuant to
contracts for prepaid funeral benefits. The statement shall be due
by the fifteenth day of March of each year and shall reflect, at a
minimum, the assets and liabilities of each prepaid funeral benefits
fund and the location and status of all trust funds for prepaid
funeral benefits as of the last day of December of the preceding
year. Failure to file an annual statement by the date required may
result in censure, or suspension or revocation of the permit, or an
administrative penalty imposed by the Insurance Commissioner not to
exceed One Thousand Dollars ($1,000.00) for each occurrence, or be
subject to both penalty and punishment.
Status: in_force · Read it on the official government site
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