Expiration of certificate - Renewal.

1. Law
2. Oklahoma Statutes
3. Insurance
4. Expiration of certificate - Renewal.

A. A certificate expires on the first anniversary of its effective date unless the certificate is renewed for a one-year term as provided in this section.

B. Before the certificate expires, a certificate may be renewed for an additional one-year term, if the applicant:

1. Otherwise is entitled to the certificate;

2. Pays the Insurance Commissioner an annual renewal fee in the amount of Five Hundred Dollars ($500.00);

3. Submits to the Commissioner:

• a.a renewal application on the form that the Commissioner requires, and
• b.satisfactory evidence of compliance with any requirement for certificate renewal;

4. Establishes and maintains a complaint system which has been approved by the Commissioner and which provides reasonable procedures for the resolution of written complaints concerning utilization review; and

5. Maintains records of written complaints for five (5) years from the time the complaints are filed and submits to the Commissioner a summary report at such times and in such format as the Commissioner may require.

Added by Laws 1991, c. 294, § 10, eff. Nov. 1, 1991.

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