Oklahoma Code § 36-307.6
Oklahoma Code § 36-307.6. Reproduced from the official Oklahoma Statutes, with a citation summary, verification link, and related provisions.
§ 36-307.6.
Fund.
Insurance Department Pharmacy Benefits Manager Revolving
Oklahoma Statutes - Title 36. Insurance
A. There is hereby created in the State Treasury a revolving
fund for the Insurance Department, to be designated the "Insurance
Department Pharmacy Benefits Manager Revolving Fund". The fund
shall be a continuing fund, not subject to fiscal year limitation,
and shall consist of any monies deposited to the fund as provided in
subsection B of this section. All monies accruing to the credit of
the fund are hereby appropriated and may be budgeted and expended by
the Department for the purpose of licensing, regulating and
investigating abuse, negligence, criminal conduct, or other
violations of insurance laws and regulations, and ensuring
compliance with the same. Warrants for expenditures from the
revolving fund shall be drawn by the State Treasurer, based on
claims signed by an authorized employee or employees of the
Insurance Department, and filed with the Director of the Office of
Management and Enterprise Services.
B. The Department shall deposit all the monies obtained from
the licensure and regulation of pharmacy benefits managers
including, but not limited to, any fees, fines, settlement or
consent order proceeds, or other penalties assessed and collected
into the Insurance Department Pharmacy Benefits Manager Revolving
Fund created in subsection A of this act.
Added by Laws 2022, c. 6, § 1, emerg. eff. March 14, 2022. Amended
by Laws 2022, c. 67, § 1, emerg. eff. April 25, 2022.
Source: official Oklahoma text · Last verified 2026-08-27
At a glance
- Citation: Oklahoma Statutes § 36-307.6
- Jurisdiction: Oklahoma
- Code: Oklahoma Statutes
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Oklahoma Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Oklahoma attorney.
Common questions
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