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OK SB1688
Bill
AI Summary
SB1688 Summary
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Requires insured individuals who pay motor vehicle insurance premiums using Temporary Assistance For Needy Families (TANF) Work Program funds from the Oklahoma Department of Human Services to notify their insurer at the time of payment.
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Mandates that insurers notify the Oklahoma Department of Human Services whenever a motor vehicle insurance policy paid with TANF funds is canceled.
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Requires insurers to refund any remaining premium balance to the Department of Human Services when a policy funded through TANF is canceled.
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Effective date of November 1, 2012.
Legislative Description
Motor vehicle insurance; requiring an insurer to refund certain monies to the Department of Human Services for cancellations of certain insurance policies. Effective date.
Insurance
Last Action
Failed in Committee - Retirement and Insurance
2/27/2012