Okla. Stat. tit. 36, § 36-1447: Delivery of written communications to administrator -
Where this section sits in the code
- OK Code
- Title 36
Compensation of administrator - Use of licensed agents.
A. Any policies, certificates, booklets, termination notices,
or other written communications delivered by the insurer or trust to
the administrator for delivery to policyholders shall be delivered
by the administrator promptly after receipt of instructions to do so
from the insurer or trust.
B. Compensation to an administrator for any policies for which
the administrator adjusts or settles claims shall not be contingent
upon claims experience. The provisions of this subsection shall not
prevent basing the compensation of an administrator on the amount of
premiums or charges collected or number of claims paid or processed
or the number of covered insureds.
C. An administrator shall only use licensed insurance agents to
do the business of insurance for trusts or insurers administered by
the third-party administrator.
Collected 2026-09-14T18:32:36Z. Source file · JSON