Oklahoma § 36-615.1
Full text of Oklahoma Oklahoma Statutes § 36-615.1, with citation guidance and answers to common questions.
§ 36-615.1.
Repealed by Laws 2002, c. 307, § 36, eff. Nov. 1, 2002.
Application to transact insurance - Application review.
Oklahoma Statutes - Title 36. Insurance
A. Unless otherwise instructed by the Insurance Commissioner,
an applicant requesting to be admitted to transact insurance in this
state shall follow the instructions outlined in the National
Association of Insurance Commissioners (NAIC) Uniform Certificate of
Authority Application (UCAA) instructions.
B. The Commissioner shall review and analyze each application
with focus on the following:
1. Identification and evaluation of the business and strategic
plans of the applicant, including but not limited to pro forma
financial projections;
2. Assessment of the quality and expertise of the ultimate
controlling person, proposed officers and directors, appointed
actuary and appointed accountant, including the use of the NAIC Form
A and SAD databases;
3. Adequacy of any proposed reinsurance program;
4. Adequacy of investment policy;
5. Adequacy of short-term and long-term financing arrangements,
including, but not limited to:
a.
initial financing of proposed operations or
transaction, and
b.
maintenance of adequate capital and surplus levels;
6. Biographical affidavits;
7. Related party agreements’ compliance with SSAP No. 25; and
8. Any other information the Commissioner deems necessary to
review.
Added by Laws 2002, c. 307, § 8, eff. Nov. 1, 2002. Amended by Laws
2011, c. 278, § 2, eff. Nov. 1, 2011.
Frequently Asked Questions About Oklahoma § 36-615.1
What does Oklahoma Statutes § 36-615.1 cover?
Section 36-615.1 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-615.1?
A common citation format is "Oklahoma Statutes § 36-615.1" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-615.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.