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OK HB1343
Bill
Status
4/22/2013
Primary Sponsor
Mike Brown
Click for details
AI Summary
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Amends 36 O.S. 2011, Section 607 to create an exemption allowing insurance companies owned or financially controlled by federally recognized American Indian tribes or nations to apply for certificates of authority or licenses to transact insurance business in Oklahoma
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Existing law prohibits issuing insurance licenses to companies owned or controlled by other U.S. states, foreign governments, or political subdivisions thereof; tribal-owned entities are now explicitly exempt from this prohibition
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Effective date: November 1, 2013
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Passed the House of Representatives on March 14, 2013, and the Senate on April 16, 2013
Legislative Description
Insurance; providing exemption from prohibition from issuing certain insurance license or certificate to certain tribal governments; effective date.
Insurance
Last Action
Approved by Governor 04/22/2013
4/22/2013