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Oklahoma Statutes

Life Settlement Act

Life Settlement Act

4101.1Extension of Policies to Insure Dependents - Payment of Premiums - Conversion Rights 4103Required Provisions 4104Right to Individual Policy - Notice of Right - Time for Exercising Right 4106Group Annuity - Grace Period 4107Group Annuity - Entire Contract 4108Group Annuity - Misstatements 4109Group Annuity - Nonforfeiture Benefits 4110Group Annuity - Certificates 4111"Employee Life Insurance" Defined 4112Payment of Proceeds - Time - Exemptions 4201Scope of Article 4202Industrial Life Insurance Defined 4203Required Provisions 4205Application and Policy as Entire Contract; Statements in Application as Representations 4206Incontestability 4207Misstatement of Age 4208Dividends 4209Nonforfeiture Benefits 4210Reinstatement 4211Settlement 4212Authority to Alter Contract 4213Beneficiary - Change of Beneficiary - Payment of Proceeds 4214Direct Payment of Premiums 4215Conversion 4216Title of Policy 4217Provisions Inapplicable to Single Premium or Term Policies 4218Prohibited Provisions 4250Filing of Group and Individual Rates 4400Criteria for Inflation Protection Coverage for Policies Intended to Meet Requirements of the Oklahoma Long-Term Care Insurance Partnership Program 4401Scope of Article 4402Accident and Health Policies - Filing 4403Definition of Accident and Health Insurance Policy 4403.1Limited Benefit Insurance Defined 4404Form of Policy 4405Accident and Health Policy Provisions 4405.1Credentialing or Recredentialing of Physicians and Health Care Providers Required 4406Conforming to Statute 4407Application 4408Notice - Waiver 4409Age Limit 4410Franchise Accident and Health Insurance Law 4411Nonapplication to Certain Policies 4414Issuance of Accident or Health Policies by Unauthorized Insurers - Approval Process 4415Standard Benefit Plans - Written Disclosure Statements for Proposed Policyholder - Duty to File Rates - State-Mandated Benefits 4419Short-Term, Limited-Duration Insurance 4421Short Title 4422Purpose 4423Applicability of Act 4424Definitions 4426Insurance Policy Requirements 4426.1Rescission of Long-term Care Insurance Policy 4426.2Provision for Nonforfeiture Benefits - Promulgation of Rules 4427Adoption of Rules and Regulations - Fine for Violations - Compliance with Procedures 4428Investment of Life Care Community Policy Funds 4429Duties of Long-term Care Insurance - Provider Standards - Suitability Standards 4430Charge for Renewal Premium Rate for Long-Term Care Insurance Policy 4501Eligible Groups 4502Provisions of Group Accident and Health Policies 4502.1Conversion Privilege 4503Direct Payment of Hospital, Medical Services 4504Blanket Accident and Health Insurance 4505Group and Blanket Accident and Health Policy Provisions 4506Misrepresentation Prohibited 4507Rules and Regulations 4508Selection of Licensed Psychologist or Licensed and Certified Clinical Social Worker - Definitions.4509Extension and Termination of Coverage Under Group Accident and Health Policy and Contracts of Hospital or Medical Service or Indemnity 4509.1Liability of Carrier - Coverage by Succeeding Carrier - Benefits - Election of Coverage.4509.2Duty of Carrier of Succeeding Employer - Lapse in Coverage 4509.3Adoption and Promulgation of Rules 4511Violations of Employers Providing Pharmacy Services to Employees or Retirees, as Part of Health Care Program 4512Insured Employer Health Benefit Plan - 20 or More Employees 4513Required Disclosures of Information - Simple Human Identifiers - Cause of Action and Remedies 4521Short Title 4522Definitions 4523Health Insurance Purchasing Group - Requirements 4524Health Benefit Plans - Requirements 4525Filing Forms and Plan - Notice Required 4526Administrative Services to Members 4527Board of Directors Membership 4528Service to Multiple Areas - Services May be Offered by Single Administrative Organization 4529Commissioner - Power to Promulgate Rules 4601Short Title 4602Duties of Health Care for the Uninsured Board 4603Program to Encourage Individuals to Enroll in Health Insurance Programs - Referral of Uninsured Individuals to the HUB 4604Health Care Empowerment Act 4605Direct Primary Care Membership Agreements 4606Exchange, Rules, and Waiver of the Patient Protection and Affordable Care Act 4606.1State-based Exchange Revolving Fund 4801Scope of Article 4802"Fire Insurance" Defined 4803Standard Policy Provisions - Permissible Variations 4803.1Fire Insurance Policies - Time of Expiration 4804Policy Limited - Term - Liability - Excess Premiums Reimbursed 4805Proofs of Loss - Conditions of Enforcement of Limitation of Time 4806Provisions Concerning Nuclear Reaction, Radiation or Contamination 4808Automatic Increase in Coverage for Replacement of Home 4809Fire Protection Districts - Prohibition on Giving or Receiving Certain Reduced Insurance Rates 4901Sole Surety on Official Bonds 4902Venue of Actions Against Surety Insurers 4903Buildup or Reserve Funds of Surety Companies - Use of Interest-bearing Trust Accounts 4904Insurers Writing Bail Bonds - Filing of Financial Statements and Reports 5001Certificates of Authority - Persons not Deemed Title Insurers - Issuance of Commitment and Policy - Previously Issued Policies - Information for Filing with County Clerk - Contact Information - Rule-Making Authority 5002Investments of Title Insurers 5003Additional Powers of Title Insurers 5004Definitions 5005Exemptions and Application of Other Laws 5006Authority to Examine Title Insurance Company 5007Statutory Premium Reserves Requirements - Maintenance of Fund - Effect of Insolvency or Dissolution 5008Mortgage or Judgment Lien Affidavit 5101Short Title - Reinsurance Intermediary Act 5102Definitions 5103Licensure Requirement 5104Written Authorization 5105Contents of Records for Transactions 5106Insurer's Duties 5107Contracts Between RM and Reinsurer - Minimum Provisions 5109Reinsurer - Duties and Responsibilities 5110Examination of Reinsurance Intermediary - Form of Access to Records 5111Penalties for Violations 5112Promulgation and Adoption of Reasonable Rules and Regulations 5113Continued Utilization of Services of Reinsurance Intermediary - Date for Compliance