2014 Oklahoma Statutes
Title 36. Insurance
§36-6540. Abatement or deferral of assessment.
This section is due to be repealed effective Jan. 1, 2017, by Laws 2014, c. 389, § 3.
A. The Board may abate or defer, in whole or in part, the assessment of any participant if, in the opinion of the Board, payment of the assessment would endanger the ability of the participant to fulfill the contractual obligations of the participant.
B. In the event that an assessment against a participant is abated or deferred, in whole or in part, the amount by which such assessment is abated or deferred may be assessed against the other participants in a manner consistent with the basis for assessments set forth in subsection A of Section 9 of this act, and the participant receiving the abatement or deferment shall remain liable to the Pool for the deficiency for four (4) years.
Added by Laws 1995, c. 250, § 10, eff. July 1, 1995.
Disclaimer: These codes may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
