Okla. Stat. tit. 36, § 36-996
This is the official text of Okla. Stat. tit. 36, § 36-996, 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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Assigned risks
Official statutory text
Assigned Risks. A. Agreements may be made among insurers with
respect to the equitable apportionment among them of costs for
insurance which may be afforded applicants who are in good faith
entitled to, but who are unable to procure, such insurance through
ordinary methods, and such insurers may agree among themselves on
the use of reasonable rate modifications for such insurance, such
agreements and rate modifications to be subject to the approval of
the Insurance Commissioner.
B. The Oklahoma Automobile Insurance Plan is authorized to
issue policies of insurance in the name of the plan for the
applicants described in subsection A of this section and to act on
behalf of all participating members in connection with the policies.
The policies shall be considered proof of financial responsibility
in accordance with Section 7-600 of the Highway Safety Code.
C. The participating members shall be liable to the plan for
all costs, expenses and liabilities in proportion to its share of
voluntary market premium for the types of policies written under the
plan in this state.
D. The plan shall file an annual audited financial statement
with the Commissioner.
E. The Commissioner is authorized to establish rules and
regulations required to implement the purposes of this section.
respect to the equitable apportionment among them of costs for
insurance which may be afforded applicants who are in good faith
entitled to, but who are unable to procure, such insurance through
ordinary methods, and such insurers may agree among themselves on
the use of reasonable rate modifications for such insurance, such
agreements and rate modifications to be subject to the approval of
the Insurance Commissioner.
B. The Oklahoma Automobile Insurance Plan is authorized to
issue policies of insurance in the name of the plan for the
applicants described in subsection A of this section and to act on
behalf of all participating members in connection with the policies.
The policies shall be considered proof of financial responsibility
in accordance with Section 7-600 of the Highway Safety Code.
C. The participating members shall be liable to the plan for
all costs, expenses and liabilities in proportion to its share of
voluntary market premium for the types of policies written under the
plan in this state.
D. The plan shall file an annual audited financial statement
with the Commissioner.
E. The Commissioner is authorized to establish rules and
regulations required to implement the purposes of this section.
Status: in_force · Read it on the official government site
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