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OK HB2406
Bill
Status
4/21/2014
Primary Sponsor
Randon Grau
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AI Summary
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Amends 36 O.S. 2011, Section 2006 regarding the Oklahoma Property and Casualty Insurance Guaranty Association Act
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Changes board member appointment authority at the expiration of terms for members previously selected by the Alliance of American Insurers and National Association of Independent Insurers, transferring these selections to the American Insurance Association and Property and Casualty Insurers Association of America respectively
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Maintains the 12-member board composition including two members from each of four insurance industry organizations, two Oklahoma domestic insurers, two foreign/alien insurers, and two ex officio insurance agents
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Effective date: November 1, 2014
Legislative Description
Insurance; changing entities directed to appoint certain board members; effective date.
Insurance
Last Action
Approved by Governor 04/21/2014
4/21/2014