Title 36 — Title 36 — Insurance

A. A viatical or life settlement provider lawfully transacting business in this state prior to the effective date of the Viatical Settlements Act of 2008 may continue to do so pending approval or disapproval of that person’s application for a license if the application is filed w…

As used in the Viatical Settlements Act of 2008: 1. “Advertising” means any written, electronic or printed communication or any communication by means of recorded telephone messages or transmitted on radio, television, the Internet or similar communications media, including film …

Authority granted by license - Nonresidents - New or revised information - Training. A. 1. A person shall not operate as a viatical settlement provider or viatical settlement broker without first obtaining a license from the Insurance Commissioner of the state of residence of the…

- Hearing. A. The Insurance Commissioner may refuse to issue, suspend, revoke or refuse to renew the license of a viatical settlement provider or viatical settlement broker if the Commissioner finds that: 1. There was any material misrepresentation in the application for the lice…

A person shall not use a viatical settlement contract form or provide to a viator a disclosure statement form in this state unless first filed with and approved by the Insurance Commissioner. The Commissioner shall disapprove a viatical settlement contract form or disclosure stat…

information. A. Each viatical settlement provider shall file with the Insurance Commissioner on or before March 1 of each year an annual statement containing information as the Commissioner may prescribe by regulation. In addition to any other requirements, for any policy settled…

Confidentiality - Appointment of examiner - Liability. A. 1. The Insurance Commissioner may conduct an examination under the Viatical Settlements Act of 2008 of a licensee as often as the Commissioner in his or her discretion deems appropriate after considering the factors set fo…

A. With each application for a viatical settlement, a viatical settlement provider or viatical settlement broker shall provide the viator with at least the following disclosures no later than the time the application for the viatical settlement contract is signed by all parties. …

Escrow - Minimum discounts - Contract to determine health status. A. 1. A viatical settlement provider entering into a viatical settlement contract shall first obtain: a. if the viator is the insured, a written statement from a licensed attending physician that the viator is of s…

The Insurance Commissioner may promulgate rules necessary to carry out the provisions of the Crimes By or Affecting Persons Engaged in the Business of Insurance Act. Added by Laws 2008, c. 184, § 6, eff. July 1, 2008.

Appropriate computation and adequacy - Periodic opinion and memorandum of qualified actuary - Requirements - Liability - Actuarial Opinion of Reserves - Confidentiality. A. Definitions. For the purposes of this section, the following definitions shall apply on or after the operat…

This act shall be known and may be cited as the "Oklahoma Charitable Gift Annuity Act". Added by Laws 1998, c. 141, § 1, emerg. eff. April 21, 1998.

As used in this act: 1. "Charitable gift annuity" means a transfer of cash or other property by a donor or donors to a charitable organization in return for periodic payments by the charitable organization commencing on the date of the agreement or in the future to one or more pe…

The issuance of a qualified charitable gift annuity by a qualified charitable organization shall not constitute transacting a business of insurance in this state. Added by Laws 1998, c. 141, § 3, emerg. eff. April 21, 1998.

On or before ninety (90) days after the later of the effective date of this act or the date on which it issues its first charitable gift annuity contract, the charitable organization shall notify the Insurance Commissioner in writing that it has issued one or more charitable gift…

In its promotional literature, applications and agreements for qualified charitable gift annuities, the qualified charitable organization shall insert the following separate paragraph in print no smaller than that employed in the document generally: "A charitable gift annuity is …

Each qualified charitable organization issuing qualified charitable gift annuities shall provide the Insurance Commissioner with a copy of its annual audited financial statement prepared by an independent certified public accountant or accounting firm or individual holding a perm…

Commissioner. Except as otherwise required by this act, a qualified charitable organization shall not be required to submit information to the Insurance Commissioner except as necessary to determine any penalties pursuant to Section 10 of this act. Added by Laws 1998, c. 141, § 7…

Open Meeting Act. Nothing herein shall be construed to subject a charitable organization to the Oklahoma Open Records Act or the Oklahoma Open Meeting Act; provided, however, that the notices required by Section 4 of this act and the audited financial statements required by Secti…

A qualified charitable organization may use a portion of the money or property received in exchange for a qualified charitable gift annuity to purchase an annuity upon the life of the annuitant of the qualified charitable gift annuity from an insurance company qualified to transa…

A. If the Insurance Commissioner or an independent hearing examiner finds that a violation of this act has occurred, the Insurance Commissioner shall enforce compliance with this act by sending a letter by certified mail, return receipt requested, demanding that the charitable or…

A charitable gift annuity issued before the effective date of this act which does not meet the definition of a qualified charitable gift annuity under this act shall be deemed to be a qualified charitable gift annuity under this act. Added by Laws 1998, c. 141, § 11, emerg. eff. …

agreements, contracts or combinations. The issuance of a qualified charitable gift annuity by a qualified charitable organization is not an act, agreement, contract, or combination in the form of trust, or otherwise, or conspiracy in restraint of trade or commerce within this sta…

36 O.S. § 4085 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4086 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4087 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4088 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4089 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4090 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4091 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4091.1 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4092 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4093 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4094 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4095 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4095.1 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4095.2 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

36 O.S. § 4096 Repealed by Laws 2008, c. 183, § 20, eff. Nov. 1, 2008

Number insured - Amount of insurance. No policy of group life insurance shall be delivered in this state unless it conforms to one of the following descriptions: 1. A policy issued to an employer, or to the trustees of a fund established by an employer, which employer or trustees…

premiums - Conversion rights. A. Insurance under any group life insurance policy issued pursuant to paragraphs 1, 3, 4, 5 and 6 of Section 4101 of this title, may be extended to insure the dependents, or any class or classes thereof, of each insured employee or member who so elec…

A. No policy of group life insurance shall be delivered in this state unless it contains in substance the following provisions, or provisions which are more favorable to the persons insured, or at least as favorable to the persons insured and more favorable to the policyholder; p…

exercising right. If any individual insured under a group life insurance policy hereafter delivered in this state becomes entitled under the terms of such policy to have an individual policy of life insurance issued to him without evidence of insurability, subject to making of ap…

No group annuity contract shall be delivered or issued for delivery in this state and no certificate shall be used in connection therewith unless it contains in substance the provisions set forth in Sections 4106 to 4110, inclusive, of this article, to the extent that such provis…

In group annuity contracts there shall be a provision that there shall be a period of grace, either of thirty (30) days or of one (1) month, within which any stipulated payment to be remitted by the holder to the insurer, falling due after one (1) year from date of issue, may be …

In group annuity contracts there shall be a provision specifying the document or documents which shall constitute the entire contract between parties. The document or documents so specified shall be only (a) the contract, (b) the contract together with the application of the hold…

In group annuity contracts there shall be a provision, with an appropriate reference thereto in the certificate, for the equitable adjustment of the benefits payable under the contract or of the stipulated payments thereunder, if it be found that the sex, age, service, salary or …

In group annuity contracts there shall be a provision or provisions, with an appropriate reference thereto in the certificate, specifying the nature and basis of ascertainment of the benefits which will be available to an annuitant who contributes to the cost of the annuity and t…

In group annuity contracts there shall be a provision that the insurer will issue to the holder of the contract for delivery to each annuitant who contributes thereunder an individual certificate setting forth a statement in substance of the benefits to which he is entitled under…

"Employee life insurance" is that plan of life insurance, other than salary savings life insurance or pension trust insurance and annuities, under which individual policies are issued to the employees of any employer and where such policies are issued on the lives of not less tha…

An insurer shall pay the proceeds of any benefits under group life insurance policy not more than thirty (30) days after the insurer has received proof of death of the insured. If the proceeds are not paid within this period, the insurer shall pay interest on the proceeds, at a r…