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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 85. WORKERS' COMPENSATION

  § 85-397. Contract of insurance - Payment of premiums.  

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  • NOTE:  This section is due to be repealed Jan. 1, 2015, by Laws 2013, c. 254, § 53.

    Every person, firm or corporation insuring in "CompSource Oklahoma" shall receive from CompSource Oklahoma a contract or policy of insurance to be approved by the State Insurance Board.

    Except as otherwise provided in this act all premiums shall be paid by every person, firm, or corporation who elects to insure with "CompSource Oklahoma" to the CompSource Oklahoma President and Chief Executive Officer semiannually, or at such times as may be prescribed by general rule or regulation applicable to all insurers alike by the Insurance Commissioner.  Receipts shall be given for such payment and the money shall be paid over to the credit of CompSource Oklahoma.

Added by Laws 1933, c. 28, p. 64, § 1 (§ 18), eff. July 1, 1933.  Amended by Laws 1937, p. 492, § 16, emerg. eff. May 14, 1937; Laws 2002, c. 50, § 20, eff. Nov. 1, 2002.  Renumbered from § 148 of this title by Laws 2011, c. 318, § 88.