§15-1011. Construction of power relating to business operating transactions.
CONSTRUCTION OF POWER RELATING TO BUSINESS OPERATING TRANSACTIONS In a statutory power of attorney, the language granting power with respect to business operating transactions empowers the agent to: 1. Operate, buy, sell, enlarge, reduce, and terminate a business interest; 2. To the extent that an agent is permitted by law to act for a principal […]
§15-1012. Construction of power relating to insurance transactions.
CONSTRUCTION OF POWER RELATING TO INSURANCE TRANSACTIONS In a statutory power of attorney, the language granting power with respect to insurance and annuity transactions empowers the agent to: 1. Continue, pay the premium or assessment on, modify, rescind, release, or terminate a contract procured by or on behalf of the principal which insures or provides […]
§15-953. Definitions.
For purposes of the Aftermarket Crash Parts Regulation Act: 1. “Insurer” means an insurance company authorized to do business in our state and any person authorized to represent the insurer with respect to a claim; 2. “Aftermarket crash part” means a replacement for any of the nonmechanical sheet metal or plastic parts which generally constitute […]
§15-1013. Construction of power relating to estate, trust, and other beneficiary transactions.
CONSTRUCTION OF POWER RELATING TO ESTATE, TRUST, AND OTHER BENEFICIARY TRANSACTIONS In a statutory power of attorney, the language granting power with respect to estate, trust, and other beneficiary transactions empowers the agent to act for the principal in all matters that affect a trust, probate estate, guardianship, conservatorship, escrow, custodianship, or other fund from […]
§15-954. Manufacturer’s logo or name – Affixing to any aftermarket crash part.
Any aftermarket crash part supplied by a non-original equipment manufacturer for use in this state after September 1, 1991, shall have affixed thereto or inscribed thereon the logo or name of its manufacturer. Such manufacturer’s logo or name shall be visible after installation whenever practicable. Added by Laws 1991, c. 161, § 4, eff. Sept. […]
§15-1014. Construction of power relating to claims and litigation.
CONSTRUCTION OF POWER RELATING TO CLAIMS AND LITIGATION In a statutory power of attorney, the language with respect to claims and litigation empowers the agent to: 1. Assert and prosecute before a court or administrative agency a claim, a cause of action, counterclaim, offset, and defend against an individual, a legal entity, or government, including […]
§15-955. Use of non-original equipment manufacturer aftermarket crash parts – Identification of parts – Disclosure to insured.
No insurer shall specify the use of non-original equipment manufacturer aftermarket crash parts in the repair of an insured’s motor vehicle, nor shall a repair facility or installer use non-original equipment manufacturer aftermarket crash parts to repair a vehicle, unless the consumer is advised in writing. In all instances where non-original equipment manufacturer aftermarket crash […]
§15-1015. Construction of power relating to personal and family maintenance.
CONSTRUCTION OF POWER RELATING TO PERSONAL AND FAMILY MAINTENANCE In a statutory power of attorney, the language granting power with respect to personal and family maintenance empowers the agent to: 1. Do the acts necessary to maintain the customary standard of living of the principal, the principal’s spouse, children, and other individuals customarily or legally […]
§15-956. Violations – Enforcement.
Any violation of this act shall be subject to and enforced through the unfair trade practices provisions of Article 12 of Title 36 of the Oklahoma Statutes. Added by Laws 1991, c. 161, § 6, eff. Sept. 1, 1991.
§15-1016. Construction of power relating to benefits from social security, medicare, medicaid, or other governmental programs or military service.
CONSTRUCTION OF POWER RELATING TO BENEFITS FROM SOCIAL SECURITY, MEDICARE, MEDICAID, OR OTHER GOVERNMENTAL PROGRAMS OR MILITARY SERVICE In a statutory power of attorney, the language granting power with respect to benefits from Social Security, Medicare, Medicaid or other governmental programs, or civil or military service empowers the agent to: 1. Execute vouchers in the […]