Oklahoma § 36-6518 - Maintenance and disclosure of certain information and

§ 36-6518. Maintenance and disclosure of certain information and

documents - Filing of actuarial certification.

A. Each small employer carrier shall maintain at its principal

place of business a complete and detailed description of its rating

practices and renewal underwriting practices, including information

and documentation that demonstrate that its rating methods and

practices are based upon commonly accepted actuarial assumptions and

are in accordance with sound actuarial principles.

B. Each small employer carrier shall file with the Insurance

Commissioner annually on or before March 15 an actuarial

certification certifying that the carrier is in compliance with this

act and that the rating methods of the small employer carrier are

actuarially sound. Such certification shall be in a form and

manner, and shall contain such information, as specified by the

Commissioner. A copy of the certification shall be retained by the

small employer carrier at its principal place of business.

C. A small employer carrier shall make the information and

documentation described in subsection A of this section available to

the Commissioner upon request. Except in cases of violations of

this act, the information shall be considered proprietary and trade

secret information and shall not be subject to disclosure by the

Commissioner to persons outside of the Department except as agreed

to by the small employer carrier or as ordered by a court of

competent jurisdiction.

Added by Laws 1992, c. 329, § 8, eff. Sept. 1, 1992.