Okla. Stat. tit. 36, § 36-901.2: Definitions

As used in this act unless the context otherwise requires:

1. "Act" means the Oklahoma Insurance Rating Act;

2. "Commissioner" means the Insurance Commissioner of the State

of Oklahoma or his designee;

3. "Department" means the Insurance Department of the State of

Oklahoma;

4. "Rate" means the cost of insurance per exposure unit,

whether expressed as a single number or as a prospective loss cost

and an adjustment to account for the treatment of expenses, profit

and variations in loss experience, prior to any application of

individual risk variations based on loss or expense considerations,

and does not include minimum premiums:

a. "prospective loss cost", as used in this paragraph,

means that portion of a rate that does not include

provisions for expenses, other than loss adjustment

expenses, or profit, and are based on historical

aggregate losses and loss adjustment expenses adjusted

through development to their ultimate value and

projected through trending to a future point in time,

and

b. "expenses", as used in this paragraph, means that

portion of a rate attributable to acquisition, field

supervision, collection expenses, general expenses,

taxes, licenses, and fees; and

5. "Rating organization, advisory organization or statistical

organization" means any two or more insurers acting in cooperation

or in concert for the purpose of making rates, rating plans or

rating systems.