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OK SB959

Bill

Official Source

Status

Failed

5/20/2011

Primary Sponsor

Bill Brown

Click for details

Origin

Senate

2011 Regular Session

AI Summary

SB 959 Summary

  • Authorizes the Insurance Commissioner to join multi-state agreements or compacts for complying with the Nonadmitted and Reinsurance Reform Act's surplus lines tax provisions

  • Allows agreements to facilitate payment and allocation of premium taxes on surplus lines insurance among participating states

  • Creates new codified section in Oklahoma Statutes (Title 36, Section 1115.1) to establish this authority

  • Declares emergency effective date for immediate implementation upon passage and approval

Legislative Description

Insurance; creating the Unauthorized Insurers and Surplus Lines Insurance Act. Codification. Effective date.

Insurance

Last Action

Died in conference

5/20/2011

Committee Referrals

Insurance3/16/2011
Retirement and Insurance2/14/2011

Full Bill Text

No bill text available