Okla. Stat. tit. 59, § 59-858-707
This is the official text of Okla. Stat. tit. 59, § 59-858-707, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Powers and duties of Insurance Department
Official statutory text
The Insurance Department shall have the following powers and
duties:
1. The Department shall provide administrative support for the
Board including, but not limited to, office space, equipment and
furnishings, IT support, payroll and employee benefit administration
and processing, and travel and expense reimbursement, and shall
manage the Board's funds at the direction of the Board. The
Insurance Department shall be entitled to reimbursement for the
annual cost of providing administrative support. Upon invoice and a
written directive of any expenditure approved by the Director, the
Insurance Department shall process and make payment for the
expenditure from Board funds within fifteen (15) business days of
receipt of the written directive from the Board. All other Board-
directed expenditures shall be processed according to Insurance
Department policy;
2. To receive application for Oklahoma certification;
3. To establish the administrative procedures for processing
applications for Oklahoma certification;
4. To maintain a registry of the names and addresses of people
certified pursuant to the provisions of the Oklahoma Certified Real
Estate Appraisers Act and transmit such registry to the Appraisal
Subcommittee;
Oklahoma Statutes - Title 59. Professions and Occupations Page 759
5. To retain records and all application materials submitted to
it; and
6. To assist the Board in such other manner as may be
requested.
duties:
1. The Department shall provide administrative support for the
Board including, but not limited to, office space, equipment and
furnishings, IT support, payroll and employee benefit administration
and processing, and travel and expense reimbursement, and shall
manage the Board's funds at the direction of the Board. The
Insurance Department shall be entitled to reimbursement for the
annual cost of providing administrative support. Upon invoice and a
written directive of any expenditure approved by the Director, the
Insurance Department shall process and make payment for the
expenditure from Board funds within fifteen (15) business days of
receipt of the written directive from the Board. All other Board-
directed expenditures shall be processed according to Insurance
Department policy;
2. To receive application for Oklahoma certification;
3. To establish the administrative procedures for processing
applications for Oklahoma certification;
4. To maintain a registry of the names and addresses of people
certified pursuant to the provisions of the Oklahoma Certified Real
Estate Appraisers Act and transmit such registry to the Appraisal
Subcommittee;
Oklahoma Statutes - Title 59. Professions and Occupations Page 759
5. To retain records and all application materials submitted to
it; and
6. To assist the Board in such other manner as may be
requested.
Status: in_force · Read it on the official government site
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