Loading chat...
OK HB1996
Bill
Status
4/7/2011
Primary Sponsor
Mike Brown
Click for details
AI Summary
-
Adds definition of "automated claims adjudication system" that must be utilized by licensed adjusters, comply with Oklahoma Insurance Code, and be certified as compliant by a licensed independent adjuster.
-
Modifies exceptions to insurance adjuster licensing requirements to include individuals who collect and enter claim information into automated systems if employed by a licensed independent adjuster or affiliate with no more than 25 persons under one adjuster's supervision.
-
Prohibits residents of Canada from being licensed as insurance adjusters unless they pass the adjuster examination and comply with all applicable requirements of the Insurance Adjusters Licensing Act.
-
Amends definitions section of the Insurance Adjusters Licensing Act to add "home state" definition and clarify terms related to insurance adjusters and public adjusters.
-
Effective date: November 1, 2011.
Legislative Description
Insurance; modifying Insurance Adjusters Licensing Act; effective date.
Insurance
Last Action
Failed in Committee - Retirement and Insurance
4/7/2011