How do you Cancel Coverage in Oklahoma?

Compliance Corner

Tulsa, OK (WorkersCompensation.com) -- Let's say you were curious about how to cancel workers' compensation coverage in the State of Oklahoma. That info lives on Simply Research and is one of thousands of compliance tools users have at their fingertips.

But we'll give you a sneak peek here.

The Basics

An employer may cancel coverage with a carrier by giving the carrier at least 30 days’ notice.

When does it go Through?

Cancellation of coverage is effective at 12:01 a.m. 30 days after the date the cancellation notice is received by the carrier, unless a later date is specified in the notice to the carrier.

Special Circumstances

An employer may cancel coverage effective less than 30 days after written notice is received by the carrier where the employer obtains other coverage or becomes a self-insurer. Notice may be sent by electronic means if the recipient consents to such method of delivery and the insurer is in compliance with the provisions of the Uniform Electronic Transactions Act. Electronic delivery is considered to be equivalent to any delivery method required by law, including first-class mail, postage prepaid, certified mail, certificate of mail, or certificate of mailing.

This type of cancellation is effective immediately on the effective date of the other coverage or on authorization as a self-insurer.

Notice Requirements

A notice of cancellation from the carrier shall state the hour and date that cancellation is effective.

A carrier shall not cancel coverage issued to an employer under the Administrative Workers’ Compensation Act before the date specified for expiration in the policy or contract or until at 30 days have elapsed after a notice of cancellation has been mailed or sent electronically to the Commission and to the employer, or until 10 days have elapsed after the notice has been mailed or sent electronically to the employer and to the Commission if the cancellation is for nonpayment of premium.

If the employer procures other insurance within the notice period, the effective date of the new policy shall be the cancellation date of the old policy.

Liability Remains

Cancellation of coverage by an employer or a carrier shall in no way limit liability that was incurred under the policy or contract before the effective date of cancellation.

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