§ 85-390. Accounts of money paid, expenses, losses, etc.

NOTE:  This section is due to be repealed Jan. 1, 2015, by Laws 2013, c. 254, § 53.

The CompSource Oklahoma President and Chief Executive Officer shall keep an account of the money paid in premiums by each classification of persons, firms, or corporations insured by CompSource Oklahoma, and the expense of administering CompSource Oklahoma and the disbursements on account of loss, expense or liability by reason of bodily injury, death by accident, occupational disability, or occupational disease suffered by employees, for which persons injured, CompSource Oklahoma were liable or had assumed liability, including the setting up of reserves adequate to meet unanticipated and unexpected losses and to carry the claims to maturity; and, also, an account of the money received from such individual insured; and of the amount disbursed from "CompSource Oklahoma", for expenses, and on account of injuries, death by accident, sickness or disease, and disability of persons to whom such insured was liable or had assumed liability, including the reserves set up.

Added by Laws 1933, c. 28, p. 63, § 1 (§ 11), eff. July 1, 1933.  Amended by Laws 1937, p. 491, § 12, emerg. eff. May 14, 1937; Laws 2002, c. 50, § 18, eff. Nov. 1, 2002.  Renumbered from § 141 of this title by Laws 2011, c. 318, § 88.