Okla. Stat. tit. 36, § 36-907.1

This is the official text of Okla. Stat. tit. 36, § 36-907.1, 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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Monitoring and examination of rates

Official statutory text

A. The Insurance Commissioner shall monitor and examine the

adequacy of rates of any insurer and advisory organization in this

state. In so doing, the Commissioner shall:

1. Utilize existing relevant information, analytical systems

and other sources; or

2. Cause or participate in the development of new relevant

information, analytical systems and other sources.

B. The Commissioner may require the maintenance and submission

of records, memoranda or information relating to rates from such

insurers and advisory organizations. The Commissioner or any

authorized representative of the Commissioner may examine any such

record, memoranda or information concerning rates. The application

for the acceptance of any license or permit issued pursuant to the

provision of this title shall be deemed consent for the inspection

and examination of such records, memoranda or information.

C. The Commissioner shall conduct such monitoring and

examination required pursuant to this section within the Insurance

Department, at the place of business of such insurers and advisory

organizations, in cooperation with other state insurance

departments, through outside contractors or in any other appropriate

manner.

D. The cost of such examination and monitoring shall be

assessed against insurers and advisory organizations on an equitable

and practical basis established, after hearing, in a rule

promulgated by the Commissioner.

Oklahoma Statutes - Title 36. Insurance Page 205

E. The monitoring and examinations required pursuant to the

provisions of this section, shall be conducted in a reasonably

economical manner.

Status: in_force · Read it on the official government site

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