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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 36, § 36-1530: Provisions of act supplemental – Promulgation of rules -

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Where this section sits in the code
  1. OK Code
  2. Title 36

Exemptions from act.

A. The provisions of this act are supplemental to any other

provisions of the laws of this state, and shall not preclude or

limit any other powers or duties of the Insurance Commissioner under

such laws, including, but not limited to, Article 18 or 19 of the

Insurance Code.

B. The Commissioner may promulgate reasonable rules necessary

for the implementation of this act.

C. The Commissioner may exempt from the application of this act

in any year any domestic insurer which:

1. Writes direct business only in this state; and

2. Assumes no reinsurance in excess of five percent (5%) of

direct premium written.

D. Insurers domiciled in this state that are issuing policies

of medical professional liability insurance to physicians, allied

health care professionals and health care institutions as defined by

Section 2202 of this title on July 1, 2004, which notify the

Commissioner in writing of the insurer’s election to utilize the

moratorium provided in Section 1509 of this title shall be exempt

from the provisions of this title which require an insurer to

maintain an adequate surplus as regards policyholders as a condition

to obtaining or renewal of a license to act as an insurer, until

December 31, 2008. The Commissioner shall not enforce any

recapitalization plan against any insurer domiciled in this state

that is issuing policies of physicians’, allied health care

professionals’ and health care institutions’ professional liability

insurance until December 31, 2008.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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