Oklahoma § 36-4430 - Renewal premium rates
Full text of Oklahoma Oklahoma Statutes § 36-4430 — Renewal premium rates, with citation guidance and answers to common questions.
§ 36-4430. Renewal premium rates
A. Upon approval of the Insurance Commissioner, an insurer may
charge an increased renewal premium upon showing that the increase
is necessary because of utilization of policy benefits in excess of
the expected rate.
B. 1. This section does not apply to life insurance policies or
riders containing accelerated long-term care benefits.
2. For certificates issued or delivered on or after November 1,
1995, under a group long-term care insurance policy as defined in
Section 4424 of this title, which policy was in force on November 1,
1995, the provisions of this section shall not apply.
Oklahoma Statutes - Title 36. Insurance
3. This section does not apply to policies or certificates
approved for issue or delivery on or after November 1, 2001.
Added by Laws 1995, c. 244, § 4, eff. Nov. 1, 1995. Amended by Laws
2001, c. 363, § 21, eff. July 1, 2001; Laws 2002, c. 307, § 31, eff.
Nov. 1, 2002; Laws 2009, c. 176, § 32, eff. Nov. 1, 2009.
Frequently Asked Questions About Oklahoma § 36-4430
What does Oklahoma Statutes § 36-4430 cover?
Section 36-4430 ("Renewal premium rates") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-4430?
A common citation format is "Oklahoma Statutes § 36-4430" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-4430 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.