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§ 1250.3. Application of law--Conditions under which acts constitute unfair claims settlement p...

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 12a-1. Unfair Claims Settlement Practices Act (Refs & Annos)
36 Okl.St.Ann. § 1250.3
§ 1250.3. Application of law--Conditions under which acts constitute unfair claims settlement practices
Currentness
A. The provisions of the Unfair Claims Settlement Practices Act1 shall apply to all claims arising under an insurance policy or insurance contract issued by any insurer.
B. It is an unfair claim settlement practice for any insurer to commit any act set out in Section 1250.5 of this title, or to commit a violation of any other provision of the Unfair Claims Settlement Practices Act, if:
1. It is committed flagrantly and in conscious disregard of this act or any rules promulgated hereunder; or
2. It has been committed with such frequency as to indicate a general business practice to engage in that type of conduct.

Credits

Laws 1986, c. 315, § 11, emerg. eff. June 24, 1986; Laws 1992, c. 74, § 4, eff. Sept. 1, 1992. Renumbered from Title 36, § 1227 and amended by Laws 1994, c. 342, §§ 3, 20, eff. Sept. 1, 1994. Laws 1997, c. 5, § 2, emerg. eff. March 25, 1997.

Footnotes

1
Title 36, § 1250.1 et seq.
36 Okl. St. Ann. § 1250.3, OK ST T. 36 § 1250.3
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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