Oklahoma § 36-7401 - Stop-loss coverage – Minimum aggregate retention
Full text of Oklahoma Oklahoma Statutes § 36-7401 — Stop-loss coverage – Minimum aggregate retention, with citation guidance and answers to common questions.
§ 36-7401. Stop-loss coverage – Minimum aggregate retention
Any stop-loss insurance coverage issued by an insurer authorized
to do business in this state that provides an aggregate retention
benefit shall provide an aggregate retention of no less than one
hundred ten percent (110%) of the expected claims. The Insurance
Commissioner shall develop minimum disclosure standards that can be
incorporated into a form that shall be utilized by insurers issuing
stop-loss insurance coverage to small employers, as defined in
Section 6512 of Title 36 of the Oklahoma Statutes, in Oklahoma. The
minimum disclosure standards and form shall be promulgated by rule
in accordance with the Administrative Procedures Act.
Added by Laws 2016, c. 247, § 1, eff. Nov. 1, 2016.
Frequently Asked Questions About Oklahoma § 36-7401
What does Oklahoma Statutes § 36-7401 cover?
Section 36-7401 ("Stop-loss coverage – Minimum aggregate retention") 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 § 36-7401?
A common citation format is "Oklahoma Statutes § 36-7401" (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 § 36-7401 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.