CompSource Oklahoma is authorized to offer malpractice insurance and/or reinsurance to Oklahoma persons, firms and corporations engaged in health care services principally serving Oklahomans based upon the claims and loss ratio experience in Oklahoma at a premium that is calculated without profit or return to the state if such action is deemed in the public interest. Provided, that no such insurance or reinsurance shall be offered by CompSource Oklahoma without the prior approval of the Insurance Commissioner. The Commissioner shall give such approval only when it finds that CompSource Oklahoma has available reserves sufficient to insure or reinsure such coverage on an actuarially sound basis.

Laws 1976, SB 622, c. 44, § 6, emerg. eff. April 8, 1976; Amended by Laws 2006, HB 2905, c. 264, § 74, emerg. eff. July 1, 2006 (superseded document available).