Okla. Stat. tit. 36, § 36-932
This is the official text of Okla. Stat. tit. 36, § 36-932, 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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Joint underwriting or joint reinsurance
Official statutory text
A. Every group, association or other organization of insurers
which engages in joint underwriting or joint reinsurance, shall be
subject to regulation with respect thereto, as herein provided,
subject, with respect to joint underwriting, to all other provisions
of this act, and with respect to joint reinsurance as provided in
this act.
B. If, after a hearing, the Insurance Commissioner finds that
any activity or practice of any such group, association or other
Oklahoma Statutes - Title 36. Insurance Page 209
organization, is unfair or unreasonable, or otherwise inconsistent
with the provisions of this act, the Commissioner may issue a
written order specifying in what respects such act or practice is
unfair or unreasonable or otherwise inconsistent with the provisions
of this act, and require the discontinuance, within a reasonable
time under the circumstances, of such act or practice.
which engages in joint underwriting or joint reinsurance, shall be
subject to regulation with respect thereto, as herein provided,
subject, with respect to joint underwriting, to all other provisions
of this act, and with respect to joint reinsurance as provided in
this act.
B. If, after a hearing, the Insurance Commissioner finds that
any activity or practice of any such group, association or other
Oklahoma Statutes - Title 36. Insurance Page 209
organization, is unfair or unreasonable, or otherwise inconsistent
with the provisions of this act, the Commissioner may issue a
written order specifying in what respects such act or practice is
unfair or unreasonable or otherwise inconsistent with the provisions
of this act, and require the discontinuance, within a reasonable
time under the circumstances, of such act or practice.
Status: in_force · Read it on the official government site
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