Okla. Stat. tit. 47, § 47-7-623
This is the official text of Okla. Stat. tit. 47, § 47-7-623, part of Oklahoma’s Stat. tit. 47, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 47,." Browse the sections below, each linked to its official government source.
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Temporary Insurance Premium Pool
Official statutory text
A. There is hereby created the Temporary Insurance Premium
Pool. Funds shall be deposited into the Temporary Insurance Premium
Pool pursuant to subparagraph b of paragraph 1 of subsection A of
Section 7-606 of Title 47 of the Oklahoma Statutes.
B. Any interest or earning accrued to the Plan Administrator
accounts associated with the Oklahoma Temporary Motorist Liability
Plan shall be deposited into the Temporary Insurance Premium Pool.
Oklahoma Statutes - Title 47. Motor Vehicles Page 451
C. At the end of any state fiscal year, if the Temporary
Insurance Premium Pool reserves exceed that year's three-month
average total statewide premium, then the excess funds shall be
distributed to the Department of Public Safety's operations fund.
D. The Temporary Insurance Premium Pool is subject to audit by
the State Auditor and Inspector.
Pool. Funds shall be deposited into the Temporary Insurance Premium
Pool pursuant to subparagraph b of paragraph 1 of subsection A of
Section 7-606 of Title 47 of the Oklahoma Statutes.
B. Any interest or earning accrued to the Plan Administrator
accounts associated with the Oklahoma Temporary Motorist Liability
Plan shall be deposited into the Temporary Insurance Premium Pool.
Oklahoma Statutes - Title 47. Motor Vehicles Page 451
C. At the end of any state fiscal year, if the Temporary
Insurance Premium Pool reserves exceed that year's three-month
average total statewide premium, then the excess funds shall be
distributed to the Department of Public Safety's operations fund.
D. The Temporary Insurance Premium Pool is subject to audit by
the State Auditor and Inspector.
Status: in_force · Read it on the official government site
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