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OK HB2953

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Michael Rogers

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends 36 O.S. 2011, Section 102 to clarify the definition of "insurance" in the Oklahoma Insurance Code
  • Defines insurance as a contract whereby one party undertakes to indemnify another or pay a specified amount upon determinable contingencies
  • Adds clarifying language specifying that the definition applies "as used in the Oklahoma Insurance Code"
  • Effective date is November 1, 2016

Legislative Description

Insurance; clarifying language; effective date.

Last Action

Second Reading referred to Rules

2/2/2016

Committee Referrals

Rules2/2/2016

Full Bill Text

No bill text available