Okla. Stat. tit. 36, § 36-985.1
This is the official text of Okla. Stat. tit. 36, § 36-985.1, 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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Regulation of rates in market without competition
Official statutory text
A. If the Commissioner determines that competition does not
exist in a market and issues a ruling to that effect pursuant to
Section 984 of Title 36 of the Oklahoma Statutes, the rates
applicable to insurance sold in that market shall be regulated in
accordance with the provisions of Sections 985 through 989 of Title
36 of the Oklahoma Statutes that are applicable to noncompetitive
markets.
B. Any rate in effect at the time the Commissioner determines
that competition does not exist pursuant to Section 984 of Title 36
of the Oklahoma Statutes shall be deemed to be in compliance with
the laws of this state unless disapproved pursuant to the procedures
and rating standards contained in Sections 985 through 989 of Title
36 of the Oklahoma Statutes that are applicable to noncompetitive
markets.
Oklahoma Statutes - Title 36. Insurance Page 234
C. Any insurer having a rate filing in effect at the time the
Commissioner determines that competition does not exist pursuant to
Section 984 of Title 36 of the Oklahoma Statutes may be required to
furnish supporting information within thirty (30) days of a written
request by the Commissioner.
exist in a market and issues a ruling to that effect pursuant to
Section 984 of Title 36 of the Oklahoma Statutes, the rates
applicable to insurance sold in that market shall be regulated in
accordance with the provisions of Sections 985 through 989 of Title
36 of the Oklahoma Statutes that are applicable to noncompetitive
markets.
B. Any rate in effect at the time the Commissioner determines
that competition does not exist pursuant to Section 984 of Title 36
of the Oklahoma Statutes shall be deemed to be in compliance with
the laws of this state unless disapproved pursuant to the procedures
and rating standards contained in Sections 985 through 989 of Title
36 of the Oklahoma Statutes that are applicable to noncompetitive
markets.
Oklahoma Statutes - Title 36. Insurance Page 234
C. Any insurer having a rate filing in effect at the time the
Commissioner determines that competition does not exist pursuant to
Section 984 of Title 36 of the Oklahoma Statutes may be required to
furnish supporting information within thirty (30) days of a written
request by the Commissioner.
Status: in_force · Read it on the official government site
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