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Okla. Stat. tit. 36, § 6980

Authority to increase requirements

Added by Laws 2024, c. 360, § 9, emerg. eff

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.

Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.