Okla. Stat. tit. 36 § 1142

Current through Laws 2024, c. 453.

Section 1142 - Permitted activities and services

Any licensed advisory organization, in addition to other activities not prohibited, is authorized on behalf of its members and subscribers to:

1. Develop statistical plans including territorial and class definitions;

2. Collect statistical data from members, subscribers or any other source;

3. Prepare, file and distribute prospective loss costs which may include provisions for special assessments and taxes;

4. Prepare, file and distribute factors, calculations or formulas pertaining to classification, territory, increased limits and other variables;

5. Prepare, file and distribute manuals of rating rules, rating schedules and other supplementary rating information that does not include final rates, expense provisions, profit provisions or minimum premiums;

6. Distribute information that is required or directed to be filed with the Commissioner;

7. Conduct research and on-site inspections in order to prepare classifications of public fire defenses;

8. Consult with public officials regarding public fire protection as it would affect members, subscribers and others;

9. Conduct research and collect statistics in order to discover, identify and classify information relating to causes or prevention of losses;

10. Conduct research and collect information to determine the impact of statutory and other law changes upon prospective loss costs and special assessments;

11. Prepare, file and distribute policy forms and endorsements and consult with members, subscribers and others relative to their use and application;

12. Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

13. Conduct on-site inspections to determine rating classifications for individual insureds;

14. Collect, compile and publish past and current prices of individual insurers; provided, such information is also made available to the general public for a reasonable price;

15. Collect and compile exposure and loss experience for the purpose of individual risk experience ratings;

16. File final rates for residual market mechanisms; and

17. Furnish any other services, as approved or directed by the Insurance Commissioner, related to those enumerated in this section.

Okla. Stat. tit. 36, § 1142

Added by Laws 2006 , HB 2905, c. 264, §32, emerg. eff. 7/1/2006.