Oklahoma § 36-362 - Fees – Transfer to Attorney General’s Insurance Fraud Unit

§ 36-362. Fees – Transfer to Attorney General’s Insurance Fraud Unit

Revolving Fund.

An annual fee of Seven Hundred Fifty Dollars ($750.00) shall be

paid to the Insurance Commissioner to be expended by the Insurance

Commissioner for the purposes of investigation of suspected

insurance fraud and civil or administrative action in cases

involving suspected insurance fraud. The following shall pay an

annual fee of Seven Hundred Fifty Dollars ($750.00) to the Insurance

Department which shall be payable quarterly in the amount of One

Hundred Eighty-seven Dollars and fifty cents ($187.50): Life,

accident and health insurers; property and casualty insurers; county

Oklahoma Statutes - Title 36. Insurance

mutual fire insurers; mutual benefit associations; fraternal benefit

societies; reciprocal insurers; motor service clubs; title insurers;

nonprofit insurers; health maintenance organizations (HMOs); service

warranty associations; surplus lines carriers; multiple employer

welfare arrangements (MEWAs); trusts which write surety policies;

prepaid dental plan organizations; and accredited reinsurers. The

payments shall be due on or before the last day of the month

following each calendar quarter. Beginning in the calendar year

2010, payment of the annual fee shall be made as one payment of

Seven Hundred Fifty Dollars ($750.00) which shall be paid on or

before July 1. Within sixty (60) days after each calendar quarter

in which monies are collected, the Commissioner shall transfer

twenty-five percent (25%) of all monies collected by the Insurance

Department pursuant to this section to the Attorney General’s

Insurance Fraud Unit Revolving Fund created in Section 19.3 of Title

74 of the Oklahoma Statutes, for use by the Attorney General in the

investigation and prosecution of insurance fraud.

Added by Laws 1999, c. 344, § 2, emerg. eff. June 8, 1999. Amended

by Laws 2001, c. 363, § 5, eff. July 1, 2001; Laws 2002, c. 307, §

6, eff. Nov. 1, 2002; Laws 2004, c. 131, § 2; Laws 2006, c. 264, §

10, eff. July 1, 2006; Laws 2009, c. 432, § 6, eff. July 1, 2009.