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

Okla. Stat. tit. 36, § 36-307.6: Insurance Department Pharmacy Benefits Manager Revolving

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

Fund.

A. There is hereby created in the State Treasury a revolving

fund for the Insurance Department, to be designated the "Insurance

Department Pharmacy Benefits Manager Revolving Fund". The fund

shall be a continuing fund, not subject to fiscal year limitation,

and shall consist of any monies deposited to the fund as provided in

subsection B of this section. All monies accruing to the credit of

the fund are hereby appropriated and may be budgeted and expended by

the Department for the purpose of licensing, regulating and

investigating abuse, negligence, criminal conduct, or other

violations of insurance laws and regulations, and ensuring

compliance with the same. Warrants for expenditures from the

revolving fund shall be drawn by the State Treasurer, based on

claims signed by an authorized employee or employees of the

Insurance Department, and filed with the Director of the Office of

Management and Enterprise Services.

B. The Department shall deposit all the monies obtained from

the licensure and regulation of pharmacy benefits managers

including, but not limited to, any fees, fines, settlement or

consent order proceeds, or other penalties assessed and collected

into the Insurance Department Pharmacy Benefits Manager Revolving

Fund created in subsection A of this act.

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

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