Okla. Stat. tit. 36, § 36-992: Insurers - Prohibited activity
Where this section sits in the code
- OK Code
- Title 36
Insurers; Prohibited Activity.
A. No insurer shall:
1. Attempt to monopolize, or combine or conspire with any
person or persons to monopolize an insurance market;
2. Engage in a boycott, on a concerted basis, of an insurance
market; and
3. Except as set forth in subsection B of this section, agree
to mandate adherence to or to mandate use of any rate, prospective
loss cost, rating plan, rating schedule, rating rule, policy or bond
form, rate classification, rate territory, underwriting rule,
survey, inspection or similar material. Insurers and advisory
organizations may agree to develop and adhere to statistical plans
permitted by this title.
B. The fact that two or more insurers, whether or not members
or subscribers of an advisory organization, use consistently or
intermittently the same rates, prospective loss costs, rating plans,
rating schedules, rating rules, policy or bond forms, rate
classifications, rate territories, underwriting rules, surveys or
inspections or similar materials is not sufficient in itself to
support a finding that an agreement exists.
C. Two or more insurers having a common ownership or operating
in this state under common management or control may act in concert
between or among themselves with respect to any matters pertaining
to those activities authorized in the Property and Casualty
Competitive Loss Cost Rating Act as if they constituted a single
insurer.
Collected 2026-09-14T18:32:36Z. Source file · JSON