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§ 2005. Creation--Administration--Membership--Plan of operation

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. § 2005
§ 2005. Creation--Administration--Membership--Plan of operation
Currentness
A. There is hereby created a nonprofit, unincorporated legal entity to be known as the Oklahoma Property and Casualty Insurance Guaranty Association. For purposes of administration and assessment, the Association shall be divided into three separate accounts:
1. The workers' compensation insurance account;
2. The automobile insurance account; and
3. The account for all other insurance to which the Oklahoma Property and Casualty Insurance Guaranty Association Act applies.
B. All insurers defined as member insurers pursuant to Section 2004 of this title shall be and remain members of the Association as a condition of their authority to transact insurance in this state. The Association shall perform its functions under a plan of operation established and approved under the Oklahoma Property and Casualty Insurance Guaranty Association Act.

Credits

Laws 1980, c. 362, § 5, emerg. eff. June 27, 1980; Laws 1982, c. 258, § 2, emerg. eff. May 14, 1982; Laws 2010, c. 159, § 4, eff. Nov. 1, 2010.
36 Okl. St. Ann. § 2005, OK ST T. 36 § 2005
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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