Okla. Stat. tit. 36, § 36-6458
This is the official text of Okla. Stat. tit. 36, § 36-6458, 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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Notice to Commissioner - Designation and registration of
Official statutory text
agent.
A. A purchasing group which intends to do business in this
state shall, prior to doing business, furnish to the Insurance
Commissioner notice which shall, on forms prescribed by the National
Association of Insurance Commissioners:
1. Identify the state in which the group is domiciled;
2. Identify all other states in which the group intends to do
business;
3. Specify the lines and classifications of liability insurance
which the purchasing group intends to purchase;
4. Identify the insurance company or companies from which the
group intends to purchase its insurance and the domicile of the
company or companies;
5. Identify the principal place of business of the group;
6. Specify the method by which the person or persons, if any,
through whom insurance will be offered to its members whose risks
are resident or located in this state; and
7. Provide such other information as may be required by the
Commissioner of this state to verify that the purchasing group is
qualified to do business in this state as a purchasing group.
B. A purchasing group shall notify the Insurance Commissioner
of any changes in any of the information prescribed in subsection A
of this section within ten (10) days of such change;
Oklahoma Statutes - Title 36. Insurance Page 1205
C. The purchasing group shall register with and designate the
Commissioner of this state as its agent solely for the purpose of
receiving service of legal documents or process, for which a filing
fee shall be assessed in an amount determined by the Commissioner,
except that such requirements shall not apply in the case of a
purchasing group which only purchases insurance that was authorized
under the federal Products Liability Risk Retention Act of 1981 and:
1. Which:
a. was domiciled before April 1, 1986, and
b. is domiciled on and after October 27, 1986, in any
state;
2. Before October 27, 1986, purchased insurance from an
insurance carrier licensed in any state;
3. Since October 27, 1986, purchased its insurance from an
insurance carrier licensed in any state; or
4. Was a purchasing group pursuant to the requirements of the
federal Product Liability Risk Retention Act of 1981 before October
27, 1986.
D. Each purchasing group that is required to give notice
pursuant to subsection A of this section also shall furnish such
information as may be required by the Insurance Commissioner or
designee to:
1. Verify that the entity qualifies as a purchasing group;
2. Determine where the purchasing group is located; and
3. Determine appropriate tax treatment.
A. A purchasing group which intends to do business in this
state shall, prior to doing business, furnish to the Insurance
Commissioner notice which shall, on forms prescribed by the National
Association of Insurance Commissioners:
1. Identify the state in which the group is domiciled;
2. Identify all other states in which the group intends to do
business;
3. Specify the lines and classifications of liability insurance
which the purchasing group intends to purchase;
4. Identify the insurance company or companies from which the
group intends to purchase its insurance and the domicile of the
company or companies;
5. Identify the principal place of business of the group;
6. Specify the method by which the person or persons, if any,
through whom insurance will be offered to its members whose risks
are resident or located in this state; and
7. Provide such other information as may be required by the
Commissioner of this state to verify that the purchasing group is
qualified to do business in this state as a purchasing group.
B. A purchasing group shall notify the Insurance Commissioner
of any changes in any of the information prescribed in subsection A
of this section within ten (10) days of such change;
Oklahoma Statutes - Title 36. Insurance Page 1205
C. The purchasing group shall register with and designate the
Commissioner of this state as its agent solely for the purpose of
receiving service of legal documents or process, for which a filing
fee shall be assessed in an amount determined by the Commissioner,
except that such requirements shall not apply in the case of a
purchasing group which only purchases insurance that was authorized
under the federal Products Liability Risk Retention Act of 1981 and:
1. Which:
a. was domiciled before April 1, 1986, and
b. is domiciled on and after October 27, 1986, in any
state;
2. Before October 27, 1986, purchased insurance from an
insurance carrier licensed in any state;
3. Since October 27, 1986, purchased its insurance from an
insurance carrier licensed in any state; or
4. Was a purchasing group pursuant to the requirements of the
federal Product Liability Risk Retention Act of 1981 before October
27, 1986.
D. Each purchasing group that is required to give notice
pursuant to subsection A of this section also shall furnish such
information as may be required by the Insurance Commissioner or
designee to:
1. Verify that the entity qualifies as a purchasing group;
2. Determine where the purchasing group is located; and
3. Determine appropriate tax treatment.
Status: in_force · Read it on the official government site
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