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§ 2002. Purpose of act

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 20a. Property and Casualty Insurance Guaranty Association Act
36 Okl.St.Ann. § 2002
§ 2002. Purpose of act
Currentness
A. The purpose of the Oklahoma Property and Casualty Insurance Guaranty Association Act is to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment, to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of protection among insurers.
B. The Oklahoma Property and Casualty Insurance Guaranty Association Act shall be construed to effect the purpose provided for in subsection A of this section which shall constitute an aid and guide to interpretation of the Oklahoma Property and Casualty Insurance Guaranty Association Act.

Credits

Laws 1980, c. 362, § 2, emerg. eff. June 27, 1980; Laws 2010, c. 159, § 1, eff. Nov. 1, 2010.
36 Okl. St. Ann. § 2002, OK ST T. 36 § 2002
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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