§ 1530. Provisions of act supplemental--Promulgation of rules--Exemptions from act
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1530
§ 1530. Provisions of act supplemental--Promulgation of rules--Exemptions from act
D. Insurers domiciled in this state that are issuing policies of medical professional liability insurance to physicians, allied health care professionals and health care institutions as defined by Section 2202 of this title on July 1, 2004, which notify the Commissioner in writing of the insurer's election to utilize the moratorium provided in Section 1509 of this title shall be exempt from the provisions of this title which require an insurer to maintain an adequate surplus as regards policyholders as a condition to obtaining or renewal of a license to act as an insurer, until December 31, 2008. The Commissioner shall not enforce any recapitalization plan against any insurer domiciled in this state that is issuing policies of physicians', allied health care professionals' and health care institutions' professional liability insurance until December 31, 2008.
Credits
Laws 1997, c. 229, § 11, eff. July 1, 1997; Laws 2004, c. 368, § 57, eff. July 1, 2004; Laws 2005, c. 44, § 2, eff. Nov. 1, 2005.
36 Okl. St. Ann. § 1530, OK ST T. 36 § 1530
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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