§ 613.1. Surety bond or other security arrangement required
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 613.1
§ 613.1. Surety bond or other security arrangement required
Any insurance company transacting the business of property and casualty insurance in this state shall not be issued a new or renewal certificate of approval unless the company has provided a corporate surety bond or approved alternative security arrangement in an amount determined by the State Insurance Commissioner to be sufficient to provide for the return of unearned premiums if a policy is canceled during the term thereof by an insurance company. The State Insurance Commissioner shall promulgate rules and regulations to implement and carry out the provisions of this section.
Credits
Laws 1986, c. 134, § 1, emerg. eff. April 17, 1986.
36 Okl. St. Ann. § 613.1, OK ST T. 36 § 613.1
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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