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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 260. Office of Management and Enterprise Services |
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Chapter 70. Risk Management Program |
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Subchapter 5. Casualty or Liability Claims Management, Payment and Reports |
SECTION 260:70-5-2. Claims payment
Latest version.
- The Risk Management Division has several methods in which to pay claims against the state or other covered entities. Methods of paying claims for liability incidents include:(1) Issuance of a state warrant.(A) Upon approval of a claim payment by authorized legal counsel, the Risk Management Division shall:(i) Forward a request for a warrant to be issued with copies of documents showing all required approvals for claim payment.(ii) Attach to the request for a warrant to be issued, a fully and properly executed release of liability, if available, or a copy of the court approval.(B) The Division of Central Accounting and Reporting of the Office of Management and Enterprise Services shall:(i) Review all documents and ensure that payment of the claim complies with all applicable procedures, rules, and laws.(ii) Issue a warrant.(2) Agency special account voucher.(A) Upon approval of claim payment by authorized legal counsel, the Risk Management Division shall:(i) Forward a request for a voucher to be issued from the Risk Management "Quick Settlement Account", pursuant to 74 O.S. Section 85.58N.(ii) Attach to the request for a voucher to be issued, a release of liability form, if available, and copies of documents showing all required approvals for claim payment.(iii) The "Quick Settlement Account" shall not be used for payment of claims, settlements or judgments against other covered entities.(B) The Division of Central Accounting and Reporting of the Office of Management and Enterprise Services shall:(i) Review all documents and ensure that payment of the claim complies with all applicable procedures, rules, and laws.(ii) Issue the voucher.(3) Limitations on payments in connection with other covered entities(A) Because other covered entities, as defined in Chapter 70 of Title 260 largely constitute political subdivisions or private entities, and further because the State of Oklahoma is constitutionally prohibited from assuming the debts of such bodies, it is necessary that the funds, reserves and other financial resources for payment of claims, settlements and judgments against other covered entities be drawn entirely from contributions and premiums paid by such other covered entities which shall be maintained in one or more segregated revolving funds and which shall not be commingled with funds of the State of Oklahoma.(B) The Risk Management Department shall also be empowered to charge against the premiums and contributions paid into the above-described segregated revolving fund or funds the actual, reasonable administrative expense of all services provided to other covered entities under Chapter 70 of Title 260.