2016 Oklahoma Statutes
Title 36. Insurance
§36-6537. Optional powers and duties.

This section is due to be repealed effective Jan. 1, 2017, by Laws 2014, c. 389, § 3.

The Health Insurance High Risk Pool may:

1. Exercise powers granted to insurers under the laws of this state;

2. Sue or be sued;

3. In addition to imposing assessments under Section 6536 of this title, levy interim assessments against insurers and reinsurers to ensure the financial ability of the plan to cover claims, expenses and administrative expenses incurred or estimated to be incurred in the operation of the plan prior to the end of a calendar year. Any interim assessment shall be due and payable within thirty (30) days of the receipt of the assessment notice by the insurer. Interim assessments shall be credited against the insurer's and reinsurer's annual assessment; and

4. Request the Insurance Commissioner to check the reports, records, books and papers of the Insurance Department to determine the financial condition of an insurer for purposes of Section 6540 of this title.

Added by Laws 1995, c. 250, § 7, eff. July 1, 1995. Amended by Laws 1996, c. 249, § 5, emerg. eff. May 28, 1996; Laws 2008, c. 404, § 3, emerg. eff. June 3, 2008.

NOTE: Laws 1996, c. 246, § 22 repealed by Laws 1996, c. 249, § 9, emerg. eff. May 28, 1996.