Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-6147. Financial reserve.

Latest version.

A. A prepaid dental plan organization shall maintain, for protection of members, a financial reserve consisting of at least two percent (2%) of all prepaid charges collected from members for the prepaid dental plan, until said reserve totals Five Hundred Thousand Dollars ($500,000.00). This reserve shall be in addition to the deposit prescribed by Section 6 of this act.
B. The reserve prescribed by this section shall not apply with respect to a prepaid dental plan organization which is funded by the state, a political subdivision of the state, or the United States.

Added by Laws 1983, c. 66, § 7, eff. Nov. 1, 1983.

                    
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