Oklahoma § 36-1442 - Definitions

§ 36-1442. Definitions

As used in the Third-party Administrator Act, Section 1441 et

seq. of this title:

1. "Administrator" means any person who collects premiums for

an insurer or trust or who adjusts or settles claims for an insurer

or trust, in connection with life or health insurance coverage,

annuities or employee benefit stop loss in this state, but shall not

Oklahoma Statutes - Title 36. Insurance

include any person who collects premiums or who adjusts or settles

claims under the following circumstances:

a.

any employer on behalf of the employees of that

employer or the employees of one or more subsidiary or

affiliated corporations of that employer,

b.

a union on behalf of its members,

c.

an insurance company which is licensed to transact

insurance business in this state,

d.

a wholly owned subsidiary of an entity which is

subject to the jurisdiction of the Insurance

Commissioner,

e.

an insurance company acting as an insurer with respect

to a policy lawfully issued and delivered by said

company in and pursuant to the laws of this state,

f.

a hospital, medical, dental, or optometric service

corporation or a health care service organization,

including their agents, authorized by the Commissioner

to issue contracts in this state pursuant to the

provisions of the Oklahoma Insurance Code when engaged

in the performance of their duties,

g.

a life or disability agent or broker who is licensed

in this state and whose activities are limited

exclusively to the sale of insurance,

h.

an adjuster licensed in this state for the kinds of

business for which he is acting as an adjuster,

i.

a creditor insuring a debt between the creditor and

its debtors on behalf of said creditor's debtors,

j.

a financial institution which is subject to

supervision or examination by federal or state banking

authorities,

k.

a company which issues credit cards and advances

credit for and collects premiums or charges from its

credit card holders who have authorized said

collection, if the company does not adjust or settle

claims,

l.

a person who adjusts or settles claims in the normal

course of practice or employment as an attorney-at-law

and who does not collect charges or premiums in

connection with life or health insurance coverage or

annuities,

m.

any workers' compensation trust, or

n.

a trust providing benefits to the employees of any

political subdivision of a city, county or the state;

and

2. "Trust" means any trust other than those exempted in

paragraph 1 of this section which engages in the business of making

contracts of insurance.

Oklahoma Statutes - Title 36. Insurance

Added by Laws 1983, c. 89, § 2, eff. Nov. 1, 1983. Amended by Laws

1984, c. 173, § 5, emerg. eff. May 7, 1984; Laws 1987, c. 175, § 15,

eff. Nov. 1, 1987; Laws 2008, c. 184, § 15, eff. July 1, 2008; Laws

2013, c. 254, § 26, eff. Jan. 1, 2015.