Oklahoma § 36-307 - Duties of Insurance Commissioner

§ 36-307. Duties of Insurance Commissioner

The Insurance Commissioner shall be charged with the duty of

administration and enforcement of the provisions of the Oklahoma

Insurance Code, of any requirements placed on an insurance company

pursuant to the Oklahoma Statutes. The Commissioner shall have

jurisdiction over complaints against all persons engaged in the

business of insurance, and shall hear all matters either in person,

by authorized disinterested employees or by hearing examiners

appointed by the Commissioner for that purpose and not specifically

addressed otherwise in this act. It shall be the duty of the

Commissioner to file and safely keep all books and papers required

by law to be filed with the Insurance Department, and to keep and

preserve in permanent form a full record of proceedings including a

concise statement of the conditions of such insurers and other

entities reported and examined by the Department and its examiners.

The Commissioner shall, annually, at the earliest practicable date

after returns are received from the several authorized insurers and

other organizations, make a report to the Governor of the affairs of

the office of the Commissioner, which report shall contain a tabular

statement and synopsis of the several statements, as accepted by the

Commissioner, which shall include with respect to each insurance

company the admitted assets, liabilities except capital, capital and

Oklahoma Statutes - Title 36. Insurance

surplus, Oklahoma premium income, amount of claims paid in Oklahoma

and such other matters as may be of benefit to the public.

The Commissioner may educate consumers and make recommendations

regarding the subject of insurance in this state, and shall set

forth in a statement the various sums received and disbursed by the

Department, from and to whom and for what purpose. Such report

shall be published by and subject to the order of the Commissioner.

The Commissioner shall, upon retiring from office, deliver to the

qualified successor all furniture, records, papers and property of

the office.

Added by Laws 1957, p. 219, § 307, operative July 1, 1957. Amended

by Laws 1965, c. 60, § 3, eff. July 1, 1965; Laws 1972, c. 162, § 1,

emerg. eff. April 7, 1972; Laws 1980, c. 322, § 4, eff. Jan. 1,

1981; Laws 1986, c. 207, § 77, operative July 1, 1986; Laws 1987, c.

210, § 4, eff. July 1, 1987; Laws 1997, c. 418, § 6, eff. Nov. 1,

1997; Laws 2005, c. 355, § 3, eff. Nov. 1, 2005; Laws 2006, c. 264,

§ 4, eff. July 1, 2006; Laws 2017, c. 362, § 1; Laws 2021, c. 472, §

3, emerg. eff. May 11, 2021; Laws 2024, c. 345, § 2, eff. Nov. 1,

2024.