Okla. Stat. tit. 36, § 36-901.1
This is the official text of Okla. Stat. tit. 36, § 36-901.1, 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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Purposes of act
Official statutory text
A. The purposes of this act are:
1. To promote the public welfare by regulating insurance rates
to the end that they shall not be excessive, inadequate or unfairly
discriminatory;
2. To improve availability, fairness and reliability of
insurance and insurance rates;
3. To authorize essential cooperative action among insurers in
the ratemaking process and to regulate such activity to prevent
practices that tend to substantially lessen competition or to create
a monopoly;
4. To encourage the most efficient and economic marketing
practices; and
5. To encourage the providing of price and other information to
enable consumers to purchase insurance suitable for their needs and
to foster competitive insurance markets.
B. This act shall be liberally construed to effectuate its
purposes.
1. To promote the public welfare by regulating insurance rates
to the end that they shall not be excessive, inadequate or unfairly
discriminatory;
2. To improve availability, fairness and reliability of
insurance and insurance rates;
3. To authorize essential cooperative action among insurers in
the ratemaking process and to regulate such activity to prevent
practices that tend to substantially lessen competition or to create
a monopoly;
4. To encourage the most efficient and economic marketing
practices; and
5. To encourage the providing of price and other information to
enable consumers to purchase insurance suitable for their needs and
to foster competitive insurance markets.
B. This act shall be liberally construed to effectuate its
purposes.
Status: in_force · Read it on the official government site
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