{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-307.5","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-307.5","heading":"Insurance Department Anti-Fraud Revolving Fund","body":"A. There is hereby created in the State Treasury a revolving\n\nfund for the Oklahoma Insurance Department, to be designated the\n\n\"Insurance Department Anti-Fraud Revolving Fund\". The fund shall be\n\na continuing fund, not subject to fiscal year limitation, and shall\n\nconsist of any monies designated to the fund as provided in\n\nsubsections B and C of this section. Warrants for expenditures from\n\nthe revolving fund shall be drawn by the State Treasurer, based on\n\nclaims signed by an authorized employee or employees of the\n\nInsurance Department and filed with the Director of the Office of\n\nManagement and Enterprise Services. The fund shall be used for the\n\npurpose of administering investigations of abuse, negligence or\n\ncriminal conduct regarding insurance laws or regulations.\n\nB. The Department shall deposit all of the monies obtained as a\n\nresult of insurance-related crimes, and other fines, late fees, and\n\npenalties assessed and collected into the Insurance Department Anti-\n\nFraud Revolving Fund.\n\nC. Each year, the Department shall transfer to the General\n\nRevenue Fund the first Four Hundred Eighty-two Thousand Five Hundred\n\nDollars ($482,500.00) collected by the Department and deposited in\n\nthe Insurance Department Anti-Fraud Revolving Fund. The next Five\n\nHundred Thousand Dollars ($500,000.00) collected by the Department\n\neach year shall be divided evenly between the Department and the\n\nOklahoma Attorney General. All collections to be submitted to the\n\nAttorney General shall be deposited in the Attorney General's\n\nInsurance Fraud Unit Revolving Fund. Any collections above Nine\n\nHundred Eighty-two Thousand Five Hundred Dollars ($982,500.00) shall\n\nbe deposited each year into the Insurance Department Anti-Fraud\n\nRevolving Fund and shall be retained for use by the Department for\n\nthe purposes of administering investigations of abuse, negligence or\n\ncriminal conduct regarding insurance laws or regulations.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"f4583ae5619ba964bb746c831130c1acd92e6b99859c3d195678d54fa67d8b16","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-307.4","next":"us-ok/okla.-stat.-tit.-36-36-307.6"},"notice":"GroundRules: Original legal text. Not legal advice."}