Oklahoma § 36-4055.5 - Filing of forms - Disapproval by Commissioner

§ 36-4055.5. Filing of forms - Disapproval by Commissioner

A person shall not use a viatical settlement contract form or

provide to a viator a disclosure statement form in this state unless

first filed with and approved by the Insurance Commissioner. The

Commissioner shall disapprove a viatical settlement contract form or

Oklahoma Statutes - Title 36. Insurance

disclosure statement form if, in the Commissioner’s opinion, the

contract or provisions contained therein fail to meet the

requirements of Sections 8, 9 and 12 and subsection B of Section 13

of this act or are unreasonable, contrary to the interests of the

public, or otherwise misleading or unfair to the viator. At the

Commissioner’s discretion, the Commissioner may require the

submission of advertising material.

Added by Laws 2008, c. 183, § 5, eff. Nov. 1, 2008.