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Code · Oklahoma · Title 36 — Insurance

§36-6980. Authority to increase requirements.

92 words·~1 min read·/ok/title-36-insurance/36-6980·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Insurance Commissioner may increase the amounts required under this act for tangible net equity, capital maintained, fidelity bond, and deposit to any amount the Commissioner determines to be appropriate if the Commissioner determines that such an increase is necessary to:
1. Assist the Commissioner in the performance of his or her regulatory duties;
2. Ensure the prepaid vision plan organization complies with the requirements of this act; or
3. Ensure the solvency of the prepaid vision plan organization. Added by Laws 2024, c. 360, § 9, emerg. eff. May 30, 2024.
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