Oklahoma § 36-1125 - Filing requirements
Full text of Oklahoma Oklahoma Statutes § 36-1125 — Filing requirements, with citation guidance and answers to common questions.
§ 36-1125. Filing requirements
A. Every property and casualty insurance company doing business
in this state, unless otherwise exempted by the domiciliary
commissioner, shall annually submit the opinion of an appointed
actuary entitled “Statement of Actuarial Opinion”. This opinion
shall be filed in accordance with the appropriate NAIC Property and
Casualty Annual Statement Instructions.
B. 1. Every property and casualty insurance company domiciled
in this state that is required to submit a Statement of Actuarial
Opinion shall annually submit an actuarial opinion summary written
by the company’s appointed actuary. This actuarial opinion summary
shall be filed in accordance with the appropriate NAIC Property and
Casualty Annual Statement Instructions and shall be considered as a
document supporting the actuarial opinion required in subsection A
of this section.
2. A company licensed but not domiciled in this state shall
provide the actuarial opinion summary upon request.
C. 1. An actuarial report and underlying workpapers as
required by the appropriate NAIC Property and Casualty Annual
Statement Instructions shall be prepared to support each actuarial
opinion.
2. If the insurance company fails to provide a supporting
actuarial report and/or workpapers at the request of the Insurance
Commissioner or the Commissioner determines that the supporting
actuarial report or workpapers provided by the insurance company are
otherwise unacceptable to the Commissioner, the Commissioner may
engage a qualified actuary at the expense of the company to review
the opinion and the basis for the opinion and prepare the supporting
actuarial report or workpapers.
D. The appointed actuary shall not be liable for damages to any
person, other than the insurance company and the Commissioner, for
any act, error, omission, decision or conduct with respect to the
actuary’s opinion, except in cases of fraud or willful misconduct on
the part of the appointed actuary.
Added by Laws 2006, c. 264, § 28, eff. July 1, 2006.
Frequently Asked Questions About Oklahoma § 36-1125
What does Oklahoma Statutes § 36-1125 cover?
Section 36-1125 ("Filing requirements") 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 § 36-1125?
A common citation format is "Oklahoma Statutes § 36-1125" (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 § 36-1125 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.