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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 36. INSURANCE

  § 36-1142. Permitted activities and services.  

Latest version.

  • Any licensed advisory organization, in addition to other activities not prohibited, is authorized on behalf of its members and subscribers to:

    1.  Develop statistical plans including territorial and class definitions;

    2.  Collect statistical data from members, subscribers or any other source;

    3.  Prepare, file and distribute prospective loss costs which may include provisions for special assessments and taxes;

    4.  Prepare, file and distribute factors, calculations or formulas pertaining to classification, territory, increased limits and other variables;

    5.  Prepare, file and distribute manuals of rating rules, rating schedules and other supplementary rating information that does not include final rates, expense provisions, profit provisions or minimum premiums;

    6.  Distribute information that is required or directed to be filed with the Commissioner;

    7.  Conduct research and on-site inspections in order to prepare classifications of public fire defenses;

    8.  Consult with public officials regarding public fire protection as it would affect members, subscribers and others;

    9.  Conduct research and collect statistics in order to discover, identify and classify information relating to causes or prevention of losses;

    10.  Conduct research and collect information to determine the impact of statutory and other law changes upon prospective loss costs and special assessments;

    11.  Prepare, file and distribute policy forms and endorsements and consult with members, subscribers and others relative to their use and application;

    12.  Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

    13.  Conduct on-site inspections to determine rating classifications for individual insureds;

    14.  Collect, compile and publish past and current prices of individual insurers; provided, such information is also made available to the general public for a reasonable price;

    15.  Collect and compile exposure and loss experience for the purpose of individual risk experience ratings;

    16.  File final rates for residual market mechanisms; and

    17.  Furnish any other services, as approved or directed by the Insurance Commissioner, related to those enumerated in this section.

Added by Laws 2006, c. 264, § 32, eff. July 1, 2006.