Oklahoma § 36-2208 - Duties of Commissioner – Review and evaluation

§ 36-2208. Duties of Commissioner – Review and evaluation

A. The Insurance Commissioner shall annually review

negotiations between the trust and any entity to provide

administrative, claim, underwriting or claim management services or

excess insurance, aggregate excess insurance and reinsurance to the

trust.

B. The Commissioner shall, at least twice yearly, review and

evaluate each category of operations of the trust or association as

follows:

1. Underwriting policies and activities, including all new

applications for coverage, as well as all decisions regarding denial

of new policies and surcharges on or nonrenewal of existing

insureds;

2. Summaries of all claims activities, including number of

claims filed, lawsuits filed, resolution of closed claims and

lawsuits, amounts paid in settlements, jury verdicts, defense

attorney fees, expert witness costs and other defense costs;

3. Consumer satisfaction with quality of service by the trust

or its agents;

4. Investment activities;

5. All filed base rates and proposed rate increases; and

6. All risk-management activities, including continuing

education and counseling of insureds.

C. The trust shall provide the Commissioner with policy

changes, rate changes, rules proposed by the trust and changes to

the trust instrument prior to implementation of policy changes, rate

changes, proposed rules and changes to the trust instrument within

thirty (30) days of implementation of such changes.

Added by Laws 2004, c. 368, § 65, eff. July 1, 2004. Amended by

Laws 2025, c. 55, § 2, eff. Nov. 1, 2025.