Okla. Stat. tit. 36, § 36-997
This is the official text of Okla. Stat. tit. 36, § 36-997, 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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Commercial special risks
Official statutory text
Commercial Special Risks.
A. The following categories of commercial lines risks,
excluding employer's liability line, workers’ compensation and
excess workers’ compensation, are special risks and are exempted
from the filing and review requirements set forth in Section 987 of
this title:
1. Risks which are written on an excess or umbrella basis;
2. Commercial lines insurance risks which produce a minimum
annual premium total of Ten Thousand Dollars ($10,000.00); and
3. Specifically designated special risks, including:
a. risks insured under the provisions of the Highly
Protected Risks Rating Plan,
b. all commercial insurance aviation risks,
c. all credit insurance risks,
d. all boiler, machinery or equipment breakdown risks,
e. all inland marine risks,
f. all fidelity and surety risks, and
g. any other risk that the Commissioner determines to
fall within the special risk category.
B. Underwriting files, premiums, loss and expense statistics,
financial and other records with regard to special risks written by
an insurer shall be maintained by the insurer and shall be subject
to examination by the Commissioner.
A. The following categories of commercial lines risks,
excluding employer's liability line, workers’ compensation and
excess workers’ compensation, are special risks and are exempted
from the filing and review requirements set forth in Section 987 of
this title:
1. Risks which are written on an excess or umbrella basis;
2. Commercial lines insurance risks which produce a minimum
annual premium total of Ten Thousand Dollars ($10,000.00); and
3. Specifically designated special risks, including:
a. risks insured under the provisions of the Highly
Protected Risks Rating Plan,
b. all commercial insurance aviation risks,
c. all credit insurance risks,
d. all boiler, machinery or equipment breakdown risks,
e. all inland marine risks,
f. all fidelity and surety risks, and
g. any other risk that the Commissioner determines to
fall within the special risk category.
B. Underwriting files, premiums, loss and expense statistics,
financial and other records with regard to special risks written by
an insurer shall be maintained by the insurer and shall be subject
to examination by the Commissioner.
Status: in_force · Read it on the official government site
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