Oklahoma Risk Retention Act | Midpage

Collections
Oklahoma Statutes

Oklahoma Risk Retention Act

Oklahoma Risk Retention Act

6451Short Title 6452Regulation of Formation and Operation of Risk Retention Groups 6453Definitions 6454Risk Retention Group Seeking to Chartered for Domicile - Requirements 6454.1Risk Retention Groups - Definitions, Standards, Board of Directors, Contract Terms, Policy Requirements, Audit Committee, and Governance Standards 6455Laws Governing Risk Retention Groups Seeking to do Business in State - Policy Notice 6456Risk Retention Group Prohibited from Joining Insurance Insolvency Guaranty Fund 6456.1No Countersign Requirement 6457Exempt Purchasing Groups 6458Requirements of Purchasing Group 6459No Purchasing From Unchartered Risk Retention Group - Notice to Group Members - Deductibles - Purchasing Groups 6459.1Premium Taxes and Taxes on Premiums Paid for Coverage of Risks 6460Authority to Make Use of Certain Powers 6461Fines and Penalties for Violations 6462License Required - Notice 6463Requirement to Have Appropriate Reserves in Oklahoma 6464Order Enjoining Risk Retention Groups from Certain Operations 6465Collection of Annual Fee 6466Establishment and Amendment of Rules Relating to Risk Retention Groups and Purchasing Groups 6467Reciprocal Agreements with Other States 6468No Applicability to Workers' Compensation Group Self-insurance Associations