Oklahoma § 36-2606 - Filing of forms and rates; disapproval

§ 36-2606. Filing of forms and rates; disapproval

On and after the effective date of this Code no policy or

contract providing for hospital service or indemnity or medical

service or indemnity shall be issued or delivered to any person in

this state, nor shall any application, rider or endorsement be

issued in connection therewith, until a copy of the form thereof and

classifications of risk and underwriting manual, and the rates

pertaining thereto, have been filed with the Insurance Commissioner.

Such filing shall be deemed approved unless disapproved by the

Insurance Commissioner within sixty (60) days after the date of

Oklahoma Statutes - Title 36. Insurance

filing. If the Insurance Commissioner disapproves the policy or

contract, application, rider or endorsement form, or classifications

of risk and underwriting manual, said Commissioner shall make a

written decision stating the reason or reasons therefor and shall

deliver a copy thereof to the corporation and it shall be unlawful

for any such corporation to use any such disapproved form in this

state. Any such corporation shall have twenty (20) days from date

of receipt of the notice of disapproval in which to request a

hearing on such disapproval.

Amended by Laws 1988, c. 227, § 5, emerg. eff. June 20, 1988.