Okla. Stat. tit. 36, § 36-986
This is the official text of Okla. Stat. tit. 36, § 36-986, 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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Rate administration
Official statutory text
Rate Administration.
A. In only those markets found to be noncompetitive pursuant to
Section 984 of this title, insurers and advisory organizations shall
file with the Commissioner and the Commissioner shall review
reasonable rules and plans for recording and reporting their rates,
loss and expense experience and other information determined by the
Commissioner to be necessary or appropriate for the administration
of the Property and Casualty Competitive Loss Cost Rating Act. The
Commissioner may designate one or more advisory organizations or
other agencies to assist in gathering such experience and making
compilation thereof.
B. Reasonable rules and plans may be promulgated by the
Commissioner for the exchange of data necessary for the development
and application of rating plans.
C. In order to further uniform administration of rate
regulatory laws, the Commissioner and every insurer and advisory
organization may exchange information and experience data with
insurance supervisory officials, insurers and advisory organizations
in other states and may consult with them with respect to the
application of rating systems.
D. Cooperation among advisory organizations or among advisory
organizations and insurers in ratemaking or in other matters within
the scope of the Property and Casualty Competitive Loss Cost Rating
Act is authorized. The Commissioner may review such cooperative
activities and practices, and if, after a hearing, any such activity
or practice is found to violate the provisions of the Property and
Casualty Competitive Loss Cost Rating Act, a written order may be
issued specifying that such activity or practice violates the
provisions of this act and requiring the discontinuance of such
activity.
A. In only those markets found to be noncompetitive pursuant to
Section 984 of this title, insurers and advisory organizations shall
file with the Commissioner and the Commissioner shall review
reasonable rules and plans for recording and reporting their rates,
loss and expense experience and other information determined by the
Commissioner to be necessary or appropriate for the administration
of the Property and Casualty Competitive Loss Cost Rating Act. The
Commissioner may designate one or more advisory organizations or
other agencies to assist in gathering such experience and making
compilation thereof.
B. Reasonable rules and plans may be promulgated by the
Commissioner for the exchange of data necessary for the development
and application of rating plans.
C. In order to further uniform administration of rate
regulatory laws, the Commissioner and every insurer and advisory
organization may exchange information and experience data with
insurance supervisory officials, insurers and advisory organizations
in other states and may consult with them with respect to the
application of rating systems.
D. Cooperation among advisory organizations or among advisory
organizations and insurers in ratemaking or in other matters within
the scope of the Property and Casualty Competitive Loss Cost Rating
Act is authorized. The Commissioner may review such cooperative
activities and practices, and if, after a hearing, any such activity
or practice is found to violate the provisions of the Property and
Casualty Competitive Loss Cost Rating Act, a written order may be
issued specifying that such activity or practice violates the
provisions of this act and requiring the discontinuance of such
activity.
Status: in_force · Read it on the official government site
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