Okla. Stat. tit. 36, § 36-1529: Confidentiality of RBC Reports and Plans
Where this section sits in the code
- OK Code
- Title 36
A. RBC Reports and RBC Plans shall be kept confidential by the
Insurance Commissioner. This information shall not be subject to
subpoena. This information shall be made public by the Commissioner
only for the purpose of enforcement actions taken by the
Commissioner pursuant to this act or any other provision of the
insurance laws of this state.
B. Except as otherwise required under the provisions of this
act, the making, publishing, disseminating, circulating, or placing
before the public, or causing, directly or indirectly, to be made,
published, disseminated, circulated, or placed before the public, in
a newspaper, magazine, or other publication, or in the form of a
notice, circular, pamphlet, letter, or poster, or over any radio or
television station, or in any other way, an advertisement,
announcement, or statement containing an assertion, representation,
or statement with regard to the RBC Levels of any insurer, or of any
component derived in the calculation, by an insurer, agent, broker,
or other person engaged in any manner in the insurance business is
misleading and is therefore prohibited. Any person who violates
this subsection shall be subject to a civil penalty in an amount not
less than One Thousand Dollars ($1,000.00) nor more than Ten
Thousand Dollars ($10,000.00).
C. The RBC Reports and RBC Plans are intended solely for use by
the Commissioner in monitoring the solvency of insurers and the need
for possible corrective action with respect to insurers. The RBC
Reports and RBC Plans shall not be used by the Commissioner for
ratemaking nor considered or introduced as evidence in any rate
proceeding nor used by the Commissioner to calculate or derive any
elements of an appropriate premium level or rate of return for any
line of insurance which an insurer or any affiliate is authorized to
write.
Collected 2026-09-14T18:32:36Z. Source file · JSON