Bulletin No. PC 2016-05(c)

GOVERNOR MARY FALLIN INSURANCE COMMISSIONER JOHN D. DOAK INSURANCE COMMISSIONER State of Oklahoma FIVE CORPORATE PLAZA, 3625 N.W. 56th STREET, SUITE 100  OKLAHOMA CITY, OKLAHOMA 73112-4511 (405) 521-2828  TOLL FREE (IN STATE) 1-800-522-0071 BULLETIN NO. PC 2016-05(c) TO: ALL PROPERTY AND CASUALTY INSURERS LICENSED IN OKLAHOMA, ALL RATING AND ADVISORY ORGANIZATIONS, ATTENTION: STATE FILING FROM: OKLAHOMA INSURANCE DEPARTMENT RE: FIRE INSURANCE – COMPLIANCE WITH TITLE 36 O. S. § 4809 DATE: OCTOBER 12, 2016 PURPOSE OF THIS BULLETIN – WITHDRAWAL OF BULLETIN PC 2016-05 On June 21, 2016, the Department issued Bulletin PC 2016 – 05. The purpose of that Bulletin was to remind insurers and producers of their responsibilities under 36 O.S. § 4809. Due to unforeseen complexities arising after issue of Bulletin PC 2016 – 05, the Department was forced to extend the compliance date two times. Questions arose as to the meaning of certain words used in the statute, insurers’ use of “protection class” in the underwriting process, collection and retention of proof-of– payment information, and the general applicability of the statute. Most of these questions remain unanswered. Instead of extending the compliance date once again, the Department has decided to withdraw the original bulletin pending resolution of the uncertainties enumerated above. EFFECTIVE October 1, 2016 the following bulletins and notice are hereby withdrawn:  BULLETIN PC 2016 – 05,  BULLETIN PC 2016 – 05(a),  BULLETIN PC 2016 – 05(b), and  Notice dated August 22, 2016 Questions applicable to this bulletin should be directed to Ms. Cuc Nguyen, Manager of the Rate and Form Compliance Division, cuc.nguyen@oid.ok.gov, or Ms. Sara Worten, Asst. General Counsel, Oklahoma Insurance Department at sara.worten@oid.ok.gov, 3625 NW 56th Street, Suite 100, Oklahoma City, OK 73112.