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§ 6946. Application of act--Rules for implementation of act

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 2. Miscellaneous Provisions
Risk-Based Capital for Health Maintenance Organizations Act of 2003
36 Okl.St.Ann. § 6946
§ 6946. Application of act--Rules for implementation of act
Currentness
A. The provisions of the Risk-based Capital (RBC) for Health Maintenance Organizations Act of 2003 are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the Insurance Commissioner under such laws including, but not limited to, Articles 18 and 19 of the Insurance Code1 and promulgated rules related to health maintenance organizations in hazardous financial condition.
B. The Commissioner may adopt reasonable rules necessary for the implementation of this act.2
C. The Commissioner may exempt from the application of this act a domestic health maintenance organization that:
1. Writes direct business only in this state; and
2. Assumes no reinsurance in excess of five percent (5%) of direct premium written.

Credits

Laws 2003, c. 197, § 46, eff. Nov. 1, 2003; Laws 2004, c. 146, § 3, eff. Nov. 1, 2004.

Footnotes

1
Title 36, § 1801 et seq. and Title 36, § 1901 et seq.
2
Title 36, § 6901 et seq.
36 Okl. St. Ann. § 6946, OK ST T. 36 § 6946
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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