{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-312.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-312.1","heading":"Report, disbursement and appropriation of fees and taxes","body":"- Record and statement - Annual reports.\n\nA. For the fiscal year ending June 30, 2004, the Insurance\n\nCommissioner shall report and disburse one hundred percent (100%) of\n\nthe fees and taxes collected under Section 624 of this title to the\n\nState Treasurer to be deposited to the credit of the Education\n\nReform Revolving Fund of the State Department of Education. The\n\nInsurance Commissioner shall keep an accurate record of all such\n\nfunds and make an itemized statement and furnish same to the State\n\nAuditor and Inspector, as to all other departments of this state.\n\nThe report shall be accompanied by an affidavit of the Insurance\n\nCommissioner or the Chief Clerk of such office certifying to the\n\ncorrectness thereof.\n\nB. The Insurance Commissioner shall apportion an amount of the\n\ntaxes and fees received from Section 624 of this title, which shall\n\nbe at least One Million Two Hundred Fifty Thousand Dollars\n\n($1,250,000.00) each year, but which shall also be computed on an\n\nannual basis by the Commissioner as the amount of insurance premium\n\ntax revenue loss attributable to the provisions of subsection H of\n\nSection 625.1 of this title and increased if necessary to reflect\n\nthe annual computation, and which shall be apportioned before any\n\nother amounts, as follows:\n\n1. The following amounts shall be paid to the Oklahoma\n\nFirefighters Pension and Retirement Fund in the manner provided for\n\nin Sections 49-119, 49-120 and 49-123 of Title 11 of the Oklahoma\n\nStatutes:\n\nFiscal Year Amount\n\nFY 2006 through FY 2020 65.0%\n\nFY 2021 as follows:\n\na. for the month beginning July 1,\n\n2020, through the month ending\n\nAugust 31, 2020 65.0%\n\nb. for the month beginning September\n\n1, 2020, through the month ending\n\nJune 30, 2021 45.5%\n\nFY 2022 and each fiscal year thereafter 65.0%;\n\n2. The following amounts shall be paid to the Oklahoma Police\n\nPension and Retirement System pursuant to the provisions of Sections\n\n50-101 through 50-136 of Title 11 of the Oklahoma Statutes:\n\nFiscal Year Amount\n\nFY 2006 through FY 2020 26.0%\n\nFY 2021 as follows:\n\na. for the month beginning July 1,\n\n2020, through the month ending\n\nAugust 31, 2020 26.0%\n\nb. for the month beginning September\n\n1, 2020, through the month ending\n\nJune 30, 2021 18.2%\n\nFY 2022 and each fiscal year thereafter 26.0%;\n\n3. The following amounts shall be paid to the Law Enforcement\n\nRetirement Fund:\n\nFiscal Year Amount\n\nFY 2006 through FY 2020 9.0%\n\nFY 2021 as follows:\n\na. for the month beginning July 1,\n\n2020, through the month ending\n\nAugust 31, 2020 9.0%\n\nb. for the month beginning September\n\n1, 2020, through the month ending\n\nJune 30, 2021 6.3%\n\nFY 2022 and each fiscal year thereafter 9.0%; and\n\n4. The following amounts shall be paid to the Education Reform\n\nRevolving Fund of the State Department of Education:\n\nFiscal Year Amount\n\nFY 2021 as follows:\n\nfor the month beginning September 1,\n\n2020, through the month ending June 30,\n\n2021 30.0%.\n\nC. After the apportionment required by subsection B of this\n\nsection, for the fiscal years beginning July 1, 2004, and ending\n\nJune 30, 2009, the Insurance Commissioner shall report and disburse\n\nall of the fees and taxes collected under Section 624 of this title\n\nand Section 2204 of this title, and the same are hereby apportioned\n\nas follows:\n\n1. Thirty-four percent (34%) of the taxes collected on premiums\n\nshall be allocated and disbursed for the Oklahoma Firefighters\n\nPension and Retirement Fund, in the manner provided for in Sections\n\n49-119, 49-120 and 49-123 of Title 11 of the Oklahoma Statutes;\n\n2. Seventeen percent (17%) of the taxes collected on premiums\n\nshall be allocated and disbursed to the Oklahoma Police Pension and\n\nRetirement System pursuant to the provisions of Sections 50-101\n\nthrough 50-136 of Title 11 of the Oklahoma Statutes;\n\n3. Six and one-tenth percent (6.1%) of the taxes collected on\nvided for in Sections\n\n49-119, 49-120 and 49-123 of Title 11 of the Oklahoma Statutes;\n\n2. Seventeen percent (17%) of the taxes collected on premiums\n\nshall be allocated and disbursed to the Oklahoma Police Pension and\n\nRetirement System pursuant to the provisions of Sections 50-101\n\nthrough 50-136 of Title 11 of the Oklahoma Statutes;\n\n3. Six and one-tenth percent (6.1%) of the taxes collected on\n\npremiums shall be allocated and disbursed to the Law Enforcement\n\nRetirement Fund; and\n\n4. All the balance and remainder of the taxes and fees provided\n\nin Section 624 of this title shall be paid to the State Treasurer to\n\nthe credit of the General Revenue Fund of the state to provide\n\nrevenue for general functions of state government. The Insurance\n\nCommissioner shall keep an accurate record of all such funds and\n\nmake an itemized statement and furnish same to the State Auditor and\n\nInspector, as to all other departments of this state. The report\n\nshall be accompanied by an affidavit of the Insurance Commissioner\n\nor the Chief Clerk of such office certifying to the correctness\n\nthereof.\n\nD. After the apportionment required by subsection B of this\n\nsection, the Insurance Commissioner shall report and disburse all of\n\nthe fees and taxes collected under Section 624 of this title and\n\nSection 2204 of this title, and the same are hereby apportioned as\n\nfollows:\n\n1. Of the taxes collected on premiums the following shall be\n\nallocated and disbursed for the Oklahoma Firefighters Pension and\n\nRetirement Fund, in the manner provided for in Sections 49-119, 49-\n\n120 and 49-123 of Title 11 of the Oklahoma Statutes:\n\nFiscal Year Amount\n\nFY 2006 through FY 2020 36.0%\n\nFY 2021 as follows:\n\na. for the month beginning July 1,\n\n2020, through the month ending\n\nAugust 31, 2020 36.0%\n\nb. for the month beginning September\n\n1, 2020, through the month ending\n\nJune 30, 2021 25.2%\n\nFY 2022 36.0%\n\nFY 2023 through FY 2027 37.8%\n\nFY 2028 and each fiscal year thereafter 36.0%;\n\n2. Of the taxes collected on premiums the following shall be\n\nallocated and disbursed to the Oklahoma Police Pension and\n\nRetirement System pursuant to the provisions of Sections 50-101\n\nthrough 50-136 of Title 11 of the Oklahoma Statutes:\n\nFiscal Year Amount\n\nFY 2006 through FY 2020 14.0%\n\nFY 2021 as follows:\n\na. for the month beginning July 1,\n\n2020, through the month ending\n\nAugust 31, 2020 14.0%\n\nb. for the month beginning September\n\n1, 2020, through the month ending\n\nJune 30, 2021 9.8%\n\nFY 2022 14.0%\n\nFY 2023 through FY 2027 14.7%\n\nFY 2028 and each fiscal year thereafter 14.0%;\n\n3. Of the taxes collected on premiums the following shall be\n\nallocated and disbursed to the Law Enforcement Retirement Fund:\n\nFiscal Year Amount\n\nFY 2006 through FY 2020 5.0%\n\nFY 2021 as follows:\n\na. for the month beginning July 1,\n\n2020, through the month ending\n\nAugust 31, 2020 5.0%\n\nb. for the month beginning September\n\n1, 2020, through the month ending\n\nJune 30, 2021 3.5%\n\nFY 2022 5.0%\n\nFY 2023 through FY 2027 5.25%\n\nFY 2028 and each fiscal year thereafter 5.0%;\n\n4. The following amounts shall be paid to the Education Reform\n\nRevolving Fund of the State Department of Education:\n\nFiscal Year Amount\n\nFY 2021 as follows:\n\nfor the month beginning September 1,\n\n2020, through the month ending June 30,\n\n2021 16.5%;\n\n5. In addition to the allocations made pursuant to paragraphs\n\n1, 2 and 3 of this subsection, of the taxes collected on premiums\n\nthe following amounts shall be allocated and disbursed annually for\n\nFY 2023 through FY 2027:\n\na. Forty Thousand Six Hundred Twenty-five Dollars\n\n($40,625.00) to the Oklahoma Firefighters Pension and\n\nRetirement Fund,\n\nb. Sixteen Thousand Two Hundred Fifty Dollars\n\n($16,250.00) to the Oklahoma Police Pension and\n\nRetirement System, and\n\nc. Five Thousand Six Hundred Twenty-five Dollars\n\n($5,625.00) to the Oklahoma Law Enforcement Retirement\n\nFund; and\nStatutes - Title 36. Insurance Page 102\n\na. Forty Thousand Six Hundred Twenty-five Dollars\n\n($40,625.00) to the Oklahoma Firefighters Pension and\n\nRetirement Fund,\n\nb. Sixteen Thousand Two Hundred Fifty Dollars\n\n($16,250.00) to the Oklahoma Police Pension and\n\nRetirement System, and\n\nc. Five Thousand Six Hundred Twenty-five Dollars\n\n($5,625.00) to the Oklahoma Law Enforcement Retirement\n\nFund; and\n\n6. All the balance and remainder of the taxes and fees provided\n\nin Section 624 of this title shall be paid to the State Treasurer to\n\nthe credit of the General Revenue Fund of the state to provide\n\nrevenue for general functions of state government. The Insurance\n\nCommissioner shall keep an accurate record of all such funds and\n\nmake an itemized statement and furnish same to the State Auditor and\n\nInspector, as to all other departments of this state. The report\n\nshall be accompanied by an affidavit of the Insurance Commissioner\n\nor the Chief Clerk of such office certifying to the correctness\n\nthereof.\n\nE. The disbursements provided for in subsections A, B, C and D\n\nof this section shall be made monthly. The Insurance Commissioner\n\nshall report annually to the Governor, the Speaker of the House of\n\nRepresentatives, the President Pro Tempore of the Senate and the\n\nState Auditor and Inspector, the amounts collected and disbursed\n\npursuant to this section.\n\nF. Notwithstanding any other provision of law to the contrary,\n\nno tax credit authorized by law enacted on or after July 1, 2008,\n\nwhich may be used to reduce any insurance premium tax liability\n\nshall be used to reduce the amount of insurance premium tax revenue\n\napportioned to the Oklahoma Firefighters Pension and Retirement\n\nSystem, the Oklahoma Police Pension and Retirement System, the\n\nOklahoma Law Enforcement Retirement System or the Education Reform\n\nRevolving Fund.","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":"cadf14d123e3eafb77406c3ad2caa979201800f1e307e534595e78dda53d08ed","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-311a.9","next":"us-ok/okla.-stat.-tit.-36-36-312a"},"notice":"GroundRules: Original legal text. Not legal advice."}