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OK SB1497

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Clark Jolley

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Empowers the Insurance Commissioner to create an earthquake re-insurance program upon finding insufficient earthquake insurance coverage available to Oklahoma residents
  • Designates the state as the administrator of the earthquake re-insurance program
  • Codifies the new authority as Section 307.6 of Title 36 of the Oklahoma Statutes
  • Becomes effective November 1, 2016

Legislative Description

Insurance Commissioner; establishing earthquake insurance program. Effective date.

Last Action

coauthored by Grau

2/29/2016

Committee Referrals

Appropriations2/11/2016
Insurance2/3/2016

Full Bill Text

No bill text available