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§ 5106. Duties of insurer

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 51. Reinsurance Intermediaries (Refs & Annos)
36 Okl.St.Ann. § 5106
§ 5106. Duties of insurer
Currentness
A. An insurer shall not engage the services of any person, firm, association or corporation to act as an RB on its behalf unless such person is licensed as required by the Reinsurance Intermediary Act.
B. An insurer shall not employ an individual who is employed by an RB with which the insurer transacts business, unless such RB is under common control with the insurer and subject to Article 16A of the Insurance Code.1
C. The insurer annually shall obtain a copy of statements of the financial condition of each RB with which the insurer transacts business.

Credits

Laws 1992, c. 178, § 27, eff. Sept. 1, 1992.

Footnotes

1
Title 36, § 1651 et seq.
36 Okl. St. Ann. § 5106, OK ST T. 36 § 5106
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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