OK SB1370

Amends Oklahoma Insurance Code Section 110 to require entities exempted from insurance regulations to file annual reports with the Insurance Commissioner

Applies to nonprofit hospital service corporations, fraternal benefit societies, farmers' mutual fire insurance associations, mutual benefit associations, burial associations, and other listed exempt entities that would otherwise be deemed insurers

Required annual reports must contain data on premium collections, policy renewals/terminations/refunds, claims settlement issues, and other consumer-oriented information deemed necessary by the Commissioner

Information collected in reports must be made available to the public upon request

Effective date: November 1, 2012