Oklahoma § 36-5005 - Exemptions and application of other laws

§ 36-5005. Exemptions and application of other laws

A. Title insurers shall be governed by this article and, to the

extent not modified by or inconsistent with the provisions of this

article or the provisions of this code made applicable to such

insurers, by the general laws of this state governing corporations

organized for profit.

B. To the extent not modified by the provisions of this

article, title insurers shall be subject to and governed by the

other applicable provisions of this code.

C. No new insurance law hereafter enacted shall be deemed to

apply to title insurers unless they be expressly referred to

therein.

Oklahoma Statutes - Title 36. Insurance

D. Notwithstanding anything to the contrary, the following

sections, acts and articles of the Insurance Code and related rules

of the Insurance Department shall apply to title insurers in

addition to those applicable to title insurers on November 1, 2008:

1. Section 311 of this title, Annual Financial Statements;

2. Section 615.2 of this title, Duty of Domestic Insurers and

Health Maintenance Organizations to Keep Biographical Information

Current;

3. Article 12, Unfair Practices and Frauds;

4. Article 12A-1, Unfair Claims Settlement Practices Act;

5. Article 16A, Subsidiaries of Insurers;

6. Article 18, Supervision and Conservatorship of Insurers Act;

and

7. Article 19, Rehabilitation and Liquidation.

Added by Laws 1957, p. 408, § 5005, operative July 1, 1957. Amended

by Laws 2008, c. 184, § 22, eff. July 1, 2008.