§ 6922. Order to rectify financial condition or violation--Required actions--Remedies and measu...
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 6922
§ 6922. Order to rectify financial condition or violation--Required actions--Remedies and measures available to Insurance Commissioner
A. Whenever the Insurance Commissioner determines that the financial condition of a health maintenance organization (HMO) is such that its continued operation might be hazardous to its enrollees, creditors or the general public, or that the HMO has violated any provision of the Health Maintenance Organization Act of 2003, the Insurance Commissioner may, after notice and opportunity for hearing, order the health maintenance organization to take action reasonably necessary to rectify the condition or violation including, but not limited, to one or more of the following:
C. Rules of the Insurance Commissioner establishing criteria that the Insurance Commissioner may consider in making a determination that the condition of any insurer is such that continuation of such insurer's business may be hazardous to the public or to holders of its policies or certificates of insurance may be used by the Insurance Commissioner for early warning that the continued operation of any health maintenance organization might be hazardous to its enrollees, creditors, or the general public and to set standards for evaluating the financial condition of any health maintenance organization.
Credits
Laws 2003, c. 197, § 22, eff. Nov. 1, 2003.
36 Okl. St. Ann. § 6922, OK ST T. 36 § 6922
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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