Okla. Stat. tit. 47, § 47-7-623: Temporary Insurance Premium Pool
Where this section sits in the code
- OK Code
- Title 47
A. There is hereby created the Temporary Insurance Premium
Pool. Funds shall be deposited into the Temporary Insurance Premium
Pool pursuant to subparagraph b of paragraph 1 of subsection A of
Section 7-606 of Title 47 of the Oklahoma Statutes.
B. Any interest or earning accrued to the Plan Administrator
accounts associated with the Oklahoma Temporary Motorist Liability
Plan shall be deposited into the Temporary Insurance Premium Pool.
C. At the end of any state fiscal year, if the Temporary
Insurance Premium Pool reserves exceed that year's three-month
average total statewide premium, then the excess funds shall be
distributed to the Department of Public Safety's operations fund.
D. The Temporary Insurance Premium Pool is subject to audit by
the State Auditor and Inspector.
Collected 2026-09-14T18:32:36Z. Source file · JSON