§ 4055.16. Authority of Commissioner
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 4055.16
§ 4055.16. Authority of Commissioner
The Insurance Commissioner shall have the authority to:
2. Establish standards for evaluating reasonableness of payments under viatical settlement contracts for persons who are terminally or chronically ill. This authority includes, but is not limited to, regulation of discount rates used to determine the amount paid in exchange for assignment, transfer, sale, devise or bequest of a benefit under a life insurance policy insuring the life of a person that is chronically or terminally ill;
Credits
Laws 2008, c. 183, § 16, eff. Nov. 1, 2008.
36 Okl. St. Ann. § 4055.16, OK ST T. 36 § 4055.16
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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