§ 1523. Annual risk-based capital report--Factors--Adjustment of inaccurate reports
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1523
§ 1523. Annual risk-based capital report--Factors--Adjustment of inaccurate reports
A. Every domestic insurer shall, on or prior to each March 1, which shall be known as the filing date, prepare and submit to the Insurance Commissioner a report of its RBC Levels as of the end of the calendar year just ended, in a form and containing such information as is required by the RBC Instructions, as adopted by the Commissioner by rule. In addition, every domestic insurer shall file its RBC Report with the NAIC if required by the Commissioner.
D. If a domestic insurer files an RBC Report which in the judgment of the Commissioner is inaccurate, then the Commissioner, after notice and opportunity for comment, shall adjust the RBC Report to correct the inaccuracy and shall notify the insurer of the adjustment. The notice shall contain a statement of the reason for the adjustment. An RBC Report so adjusted shall be referred to as an “Adjusted RBC Report”.
Credits
Laws 1997, c. 229, § 4, eff. July 1, 1997; Laws 2013, c. 269, § 5, eff. Nov. 1, 2013.
36 Okl. St. Ann. § 1523, OK ST T. 36 § 1523
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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