{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-996","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-996","heading":"Assigned risks","body":"Assigned Risks. A. Agreements may be made among insurers with\n\nrespect to the equitable apportionment among them of costs for\n\ninsurance which may be afforded applicants who are in good faith\n\nentitled to, but who are unable to procure, such insurance through\n\nordinary methods, and such insurers may agree among themselves on\n\nthe use of reasonable rate modifications for such insurance, such\n\nagreements and rate modifications to be subject to the approval of\n\nthe Insurance Commissioner.\n\nB. The Oklahoma Automobile Insurance Plan is authorized to\n\nissue policies of insurance in the name of the plan for the\n\napplicants described in subsection A of this section and to act on\n\nbehalf of all participating members in connection with the policies.\n\nThe policies shall be considered proof of financial responsibility\n\nin accordance with Section 7-600 of the Highway Safety Code.\n\nC. The participating members shall be liable to the plan for\n\nall costs, expenses and liabilities in proportion to its share of\n\nvoluntary market premium for the types of policies written under the\n\nplan in this state.\n\nD. The plan shall file an annual audited financial statement\n\nwith the Commissioner.\n\nE. The Commissioner is authorized to establish rules and\n\nregulations required to implement the purposes of this section.","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":"a2ade2cdeafc8fe65b906723a83e10f7a553752d5f85875e06ccdc4c52a5215e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-995","next":"us-ok/okla.-stat.-tit.-36-36-996.1"},"notice":"GroundRules: Original legal text. Not legal advice."}