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OID Issues Bulletin Clarifying Fire Run Coverage Requirements

The Oklahoma Insurance Department (OID) recently issued Bulletin No. PC 2017-02. Current Oklahoma law (OK ST T.36 s 4809) requires an insurance agent or insurance company to obtain evidence of a property owner's successful payment of fire protection dues or subscription payments annually. However, with the enactment of Senate Bill 495, the law exempts insurers that provide fire run coverage from the verification provisions. 

Link to Bulletin No. PC 2017-2   

Link to Senate Bill 495