Oklahoma Statutes Citationized
Title 36. Insurance
Chapter 4 - Miscellaneous Provisions (cont'd)
Stop-Loss Coverage
Section 7401 - Aggregate Retention Benefit for Stop-Loss Coverage
Cite as: 36 O.S. § 7401 (OSCN 2026), Stop-Loss Coverage
Any stop-loss insurance coverage issued by an insurer authorized to do business in this state that provides an aggregate retention benefit shall provide an aggregate retention of no less than one hundred ten percent (110%) of the expected claims. The Insurance Commissioner shall develop minimum disclosure standards that can be incorporated into a form that shall be utilized by insurers issuing stop-loss insurance coverage to small employers, as defined in Section 6512 of Title 36 of the Oklahoma Statutes, in Oklahoma. The minimum disclosure standards and form shall be promulgated by rule in accordance with the Administrative Procedures Act.
Historical Data
Laws 2016, HB 2996, c. 247, § 1, eff. November 1, 2016.
Citationizer® Summary of Documents Citing This Document| Cite | Name | Level |
|---|
| None Found. |
| Cite | Name | Level |
|---|
| None Found. |