Okla. Stat. tit. 47, § 47-7-625

This is the official text of Okla. Stat. tit. 47, § 47-7-625, 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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Forms - Bidding

Official statutory text

A. The Insurance Commissioner shall when necessary, develop and

approve a policy form for the purpose of providing coverage under

the Oklahoma Temporary Motorist Liability Plan. All coverage and

exclusions shall be defined in the form prescribed by the

Commissioner. The exclusions may include, but are not limited to,

driving without a license, driving during the commission of a felony

or driving while under the influence. The approved policy form

shall become part of a Request for Proposals.

B. The Office of Management and Enterprise Services, in

consultation with the Insurance Commissioner, shall select an

insurer through a competitive bidding process to administer

insurance coverage under the Plan. The contract for insurance

coverage awarded pursuant to this section may be a multi-year

contract, renewable annually, in accordance with any applicable

Office of Management and Enterprise Services guidelines or

procedures.

C. Bids shall be received by the Office of Management and

Enterprise Services by November 1 as required for any rebidding

year. Bids shall be expressed as a daily temporary insurance rate

and shall include all costs associated with administering the

insurance portion of the Plan. Bids may not include any additional

administrative fees. The Office of Management and Enterprise

Services, in consultation with the Insurance Commissioner, shall

select the lowest and best bid.

D. If no acceptable bids are received, the Office of Management

and Enterprise Services may suspend coverage provided under the Plan

until acceptable bids are received.

Status: in_force · Read it on the official government site

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