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Legal Opinion

Opinion No. (1979)

Oklahoma Attorney General Reports

Decided July 30, 1979Published

1Opinion of the Court

Dear Honorable Smith,

The Attorney General is in receipt of your request for an opinion in which you ask, in effect, the following question:

Can an insurance company lawfully exclude capital gains realized fromthe investment of reserves in the total amount of investment incomepresented to the State Board for Property and Casualty Rates pursuant toits application for a rate increase?

The question revolves around the responsibility of the State Board for Property and Casualty Rates (hereinafter referred to as "Board") to determine a reasonable insurance rate. That income derived from the…

2Cases cited5 opinions

  1. Oklahoma State AFL-CIO v. State Board for Property & Casualty RatesSupreme Court of Oklahoma · 1970
  2. Insurance Services Office v. State Board for Property & Casualty RatesSupreme Court of Oklahoma · 1975
  3. Standard National Insurance Co. v. State Board for Property & Casualty RatesSupreme Court of Oklahoma · 1974
  4. Committee of Oil Refiners v. State Insurance BoardSupreme Court of Oklahoma · 1943
  5. Great Central Ins. Co. v. BirdwellSupreme Court of Oklahoma · 1954

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