Oklahoma § 36-985.1 - Regulation of rates in market without competition
Full text of Oklahoma Oklahoma Statutes § 36-985.1 — Regulation of rates in market without competition, with citation guidance and answers to common questions.
§ 36-985.1. Regulation of rates in market without competition
A. If the Commissioner determines that competition does not
exist in a market and issues a ruling to that effect pursuant to
Section 984 of Title 36 of the Oklahoma Statutes, the rates
applicable to insurance sold in that market shall be regulated in
accordance with the provisions of Sections 985 through 989 of Title
36 of the Oklahoma Statutes that are applicable to noncompetitive
markets.
B. Any rate in effect at the time the Commissioner determines
that competition does not exist pursuant to Section 984 of Title 36
of the Oklahoma Statutes shall be deemed to be in compliance with
the laws of this state unless disapproved pursuant to the procedures
and rating standards contained in Sections 985 through 989 of Title
36 of the Oklahoma Statutes that are applicable to noncompetitive
markets.
Oklahoma Statutes - Title 36. Insurance
C. Any insurer having a rate filing in effect at the time the
Commissioner determines that competition does not exist pursuant to
Section 984 of Title 36 of the Oklahoma Statutes may be required to
furnish supporting information within thirty (30) days of a written
request by the Commissioner.
Added by Laws 2004, c. 519, § 17, eff. Nov. 1, 2004.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-985.1
What does Oklahoma Statutes § 36-985.1 cover?
Section 36-985.1 ("Regulation of rates in market without competition") 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 § 36-985.1?
A common citation format is "Oklahoma Statutes § 36-985.1" (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 § 36-985.1 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.