- A. There is hereby created the Temporary Insurance Premium Pool. Funds shall be deposited into the Temporary Insurance Premium Pool pursuant to subparagraph b of paragraph 1 of subsection A of Section 7-606 of Title 47 of the Oklahoma Statutes.
- B. Any interest or earning accrued to the Plan Administrator accounts associated with the Oklahoma Temporary Motorist Liability Plan shall be deposited into the Temporary Insurance Premium Pool.
- C. At the end of any state fiscal year, if the Temporary Insurance Premium Pool reserves exceed that year’s three-month average total statewide premium, then the excess funds shall be distributed to the Department of Public Safety’s operations fund.
- D. The Temporary Insurance Premium Pool is subject to audit by the State Auditor and Inspector.
Laws 2013, HB 1792, c. 176, § 3, eff. November 1, 2013.