Okla. Stat. tit. 36, § 36-6145: Issuance of certificate of authority - Conditions

A. Issuance of a certificate of authority for a prepaid dental

plan organization shall be granted by the Commissioner if the

Commissioner is satisfied that the following conditions are met:

1. The persons responsible for conducting the business affairs

of the prepaid dental plan organization are competent and

trustworthy and are professionally capable of providing or arranging

for the provision of services offered; and

2. The prepaid dental plan organization constitutes an

appropriate mechanism to achieve an effective prepaid dental plan;

and

3. Each officer, responsible for conducting the business

affairs of the prepaid dental plan organization, has filed with the

Commissioner a fidelity bond in the amount of Fifty Thousand Dollars

($50,000.00), said bond to be subject to the approval of the

Commissioner; and

4. The financial structure of the prepaid dental plan

organization may reasonably be expected to meet obligations for

payment of services for members and prospective members. In making

this determination the Commissioner may consider:

a. the financial soundness of the arrangements made

pursuant to the provisions of the prepaid dental plan for services

and the schedule of charges used; and

b. any agreement with an insurer, a hospital, a

medical service corporation, or any other organization for ensuring

the payment of prepaid dental services; and

c. provisions in the plan for automatic coverage of

dental service if the prepaid dental plan is discontinued; and

d. the sufficiency of the agreement for prepaid

dental services with providers of dental services.

B. A certificate of authority shall expire at midnight on June

30, following the date of issuance or last renewal date. If the

prepaid dental plan organization remains in compliance with the

provisions of the Prepaid Dental Plan Act and pays a renewal fee of

One Hundred Dollars ($100.00), the certificate of authority of said

plan may be renewed. The renewal fee shall be deposited in the

Insurance Commissioner Revolving Fund.