§ 858-707. Powers and duties of Insurance Department
Oklahoma Statutes AnnotatedTitle 59. Professions and OccupationsEffective: July 1, 2021
Effective: July 1, 2021
59 Okl.St.Ann. § 858-707
§ 858-707. Powers and duties of Insurance Department
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;
Credits
Laws 1990, c. 327, § 8, emerg. eff. May 31, 1990; Laws 2021, c. 298, § 4, eff. July 1, 2021.
59 Okl. St. Ann. § 858-707, OK ST T. 59 § 858-707
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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