§ 6001.1. Conditions under which groups not considered fictitious
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 6001.1
§ 6001.1. Conditions under which groups not considered fictitious
A group or combination of persons or risks shall not be considered a fictitious group if the conditions provided in this section are met:
3. Eligible members of the group shall be persons in good standing in the group. In the case of employees, such employees should be engaged in active employment of the employer of the group for not less than thirty (30) hours each week, or shall be on a pension with that respective employer or be the surviving spouse of a deceased pensioner;
7. Policies issued to members of such groups shall provide no more restrictive insuring agreements and conditions than those of policies available to the individual purchaser from the same insurer, and such groups shall be provided with the option to select a policy with such limits of coverage as are available to individual purchasers from the same insurer;
8. Any insurer offering such a group plan shall also be required to provide insurance on an individual basis to the general public of the state and shall not be permitted to enter in this state an insurance company solely for the purpose of mass marketing or grouping of auto insurance policies for any group;
Credits
Laws 1996, c. 70, § 1, eff. Nov. 1, 1996.
36 Okl. St. Ann. § 6001.1, OK ST T. 36 § 6001.1
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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