Okla. Stat. tit. 36, § 1109
Validity of Surplus Line Insurance - Notice of Limitations of Coverage
Effective Sep 1, 1991Laws 1957, HB 501, p. 258, § 1109, emerg. eff. July 1, 1957; Amended by Laws 1986, HB 1983, c. 251, § 10, eff. November 1, 1986; Amended by Laws 1991, SB 175, c. 146, § 3, eff. September 1, 1991.
- A. Insurance contracts procured as surplus line coverage from unauthorized insurers in accordance with this article shall be fully valid and enforceable as to all parties, and shall be given recognition in all matters and respects to the same effect as like contracts issued by authorized insurers.
- B. Insurance contracts procured as surplus line coverage shall contain in bold-face type notification stamped on the declaration page of the policy that such contracts are not subject to the protection of any guaranty association in the event of liquidation or receivership of the insurer.
Laws 1957, HB 501, p. 258, § 1109, emerg. eff. July 1, 1957; Amended by Laws 1986, HB 1983, c. 251, § 10, eff. November 1, 1986; Amended by Laws 1991, SB 175, c. 146, § 3, eff. September 1, 1991.