Okla. Stat. tit. 36, § 36-7401
This is the official text of Okla. Stat. tit. 36, § 36-7401, 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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Stop-loss coverage – Minimum aggregate retention
Official statutory text
Any stop-loss insurance coverage issued by an insurer authorized
to do business in this state that provides an aggregate retention
benefit shall provide an aggregate retention of no less than one
hundred ten percent (110%) of the expected claims. The Insurance
Commissioner shall develop minimum disclosure standards that can be
incorporated into a form that shall be utilized by insurers issuing
stop-loss insurance coverage to small employers, as defined in
Section 6512 of Title 36 of the Oklahoma Statutes, in Oklahoma. The
minimum disclosure standards and form shall be promulgated by rule
in accordance with the Administrative Procedures Act.
to do business in this state that provides an aggregate retention
benefit shall provide an aggregate retention of no less than one
hundred ten percent (110%) of the expected claims. The Insurance
Commissioner shall develop minimum disclosure standards that can be
incorporated into a form that shall be utilized by insurers issuing
stop-loss insurance coverage to small employers, as defined in
Section 6512 of Title 36 of the Oklahoma Statutes, in Oklahoma. The
minimum disclosure standards and form shall be promulgated by rule
in accordance with the Administrative Procedures Act.
Status: in_force · Read it on the official government site
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