§ 953. Use of credit information--Prohibited acts
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 953
§ 953. Use of credit information--Prohibited acts
An insurer authorized to do business in this state that uses credit information to underwrite or rate risks, shall not:
7. Use credit information unless not later than every thirty-six (36) months following the last time that the insurer obtained current credit information for the insured, the insurer recalculates the insurance score or obtains an updated credit report. Regardless of the requirements of this subsection:
a. at annual renewal, upon the request of a consumer or the agent of the consumer, the insurer shall reunderwrite and rerate the policy based upon a current credit report or insurance score. An insurer need not recalculate the insurance score or obtain the updated credit report of a consumer more frequently than once in a twelve-month period,
Credits
Laws 2003, c. 127, § 4, eff. Nov. 1, 2003; Laws 2010, c. 222, § 8, eff. Nov. 1, 2010.
36 Okl. St. Ann. § 953, OK ST T. 36 § 953
Current with emergency effective legislation through Chapter 378 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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