US Lawyer Database

§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 […]

§36-7133. Failure to assist examination of records – Application for receivership.

Whenever any officer of any organization refuses to submit the books, records, papers and instruments of an organization to the examination and inspection of the assistants or examiners of the Insurance Commissioner, or refuses or neglects to establish or maintain a cemetery merchandise trust fund in accordance with the requirements of the Cemetery Merchandise Trust […]

§36-7134. Violations – Penalties.

Any organization, or its officers or directors, which violate any provision of the Cemetery Merchandise Trust Act shall, upon conviction, be deemed guilty of a misdemeanor and shall be subject to a fine of not less than One Hundred Dollars ($100.00) nor more than Two Thousand Five Hundred Dollars ($2,500.00). Added by Laws 1989, c. […]

§36-7135. State Insurance Commissioner Revolving Fund.

Upon the effective date of this act, all monies received by the State Banking Commissioner pursuant to the Cemetery Merchandise Trust Act and all monies deposited in the Cemetery Merchandise Trust Act Revolving Fund and any other monies as required by law shall be transferred to the State Treasury and deposited into the State Insurance […]

§36-7201. Definitions.

As used in this act: 1. “Access payments” means an amount paid to the Insurance Commissioner based upon a percentage of claims paid by a health carrier to be used to fund the state’s Medicaid program and make full use of any federal matching funds available to the state; 2. “Claims paid” means all payments […]

§36-7202. Health Carrier Access Payment Revolving Fund.

A. There is hereby created a mechanism of funding through health carrier access payments, as defined in Section 7201 of this title, in order to stabilize the state’s Medicaid program. B. There is hereby created in the State Treasury a revolving fund for the Oklahoma Health Care Authority to be designated the “Health Carrier Access […]

§36-7203. Access payment on paid claims.

A. From the effective date of this act until January 1, 2015, all health carriers shall pay to the Insurance Commissioner an access payment of one percent (1.0%) on all claims paid. B. If a health carrier is contractually entitled to withhold certain amounts from payments due to providers of health and medical services for […]

§36-7123. Permit required – Contracts in violation of act.

A. Any organization which shall accept money or anything of value for cemetery merchandise pursuant to a prepaid cemetery merchandise contract shall first obtain a permit from the Insurance Commissioner authorizing the transaction of this type of business before entering into the contract. It shall be unlawful to sell any prepaid cemetery merchandise unless the […]

§36-7204. Payment deadlines.

A. Except as provided in subsection B of this section, the access payments required to be paid by health carriers in Section 3 of this act shall be due and reported to the Insurance Commissioner on claims paid and incurred beginning July 1, 2010. B. The access payments required in Section 3 of this act […]