Legal Opinion
Opinion No. (1999)
Oklahoma Attorney General Reports
Decided March 19, 1999Published
1Opinion of the Court
Dear Representative Kinnamon,
¶ 0 This office has received your request for an official Opinion in which you asked, in effect, the following question:
May the State Insurance Fund engage in the business ofreinsurance?
GENERAL NATURE OF REINSURANCE
¶ 1 Reinsurance has been defined as a form of insurance, "being the insurance of one insurer ("the reinsured") by another insurer ("the reinsurer") by means of which the reinsured is indemnified for loss under insurance policies issued by the reinsured to the public." Robert Strain, Reinsurance 5 (1980). It is nothing more than the outright sharing of…
2Cases cited5 opinions
- Marley v. CannonSupreme Court of Oklahoma · 1980
- American Re-Insurance Co. v. INSURANCE COM'N, ETC.District Court, C.D. California · 1981
- State Ex Rel. State Insurance Fund v. District Court of Oklahoma CountySupreme Court of Oklahoma · 1954
- State Ex Rel. Long v. Beacon InsuranceCourt of Appeals of North Carolina · 1987
- Cable Vision of Muskogee v. TracyCourt of Civil Appeals of Oklahoma · 1994