Oklahoma § 36-1145 - Rules and statistical plans - Commissioner authority to

§ 36-1145. Rules and statistical plans - Commissioner authority to

promulgate - Scope.

A. The Insurance Commissioner shall promulgate rules and

statistical plans adapted to each of the rating systems on file,

which may be modified, from time to time, and which shall be used

Oklahoma Statutes - Title 36. Insurance

thereafter by each insurer in the recording and reporting of its

loss and countrywide expense experience, in order that the

experience of all insurers may be made available, at least annually,

in such form and detail as may be necessary to aid it in determining

whether rating systems comply with the standards set forth in this

act.

1. Such rules and plans may also provide for the recording and

reporting of expense experience items which are specially applicable

to this state and are not susceptible to determination by a

prorating of countrywide expense experience.

2. In promulgating such rules and plans, the Commissioner shall

give due consideration to the rating system on file and, in order

that such rules and plans may be as uniform as is practicable among

the several states, to the rules and to the form of the plans used

for such rating systems in other states.

3. No insurer shall be required to record or report its loss

experience on a classification basis that is inconsistent with the

rating system filed by it.

4. The Commissioner may designate one or more advisory

organizations or other agencies to assist it in gathering such

experience and making compilations thereof, and such compilations

shall be made available, subject to reasonable rules promulgated by

the Commissioner, to insurers and advisory organizations.

B. Reasonable rules and plans may be promulgated by the

Commissioner for the interchange of data necessary for the

application of rating plans.

C. In order to further uniform administration of rate

regulatory laws, the Commissioner and every insurer and advisory

organization may exchange information and experience data with

insurance supervisory officials, insurers and rating organizations

in other states and may consult with them with respect to ratemaking

and the application of rating systems.

D. The Commissioner may make reasonable rules and regulations

necessary to effect the purposes of this act.

Added by Laws 2006, c. 264, § 35, eff. July 1, 2006.