§36-1701. Deposits of insurers.
106 words·~1 min read·
/ok/title-36-insurance/36-1701·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Insurance Commissioner of Oklahoma shall accept and hold in trust deposits of securities or funds by insurers as follows:
1. Deposits required for authority to transact insurance in Oklahoma;
2. Deposits of domestic, foreign, or alien insurers when made pursuant to the laws of other states, provinces, and countries as prerequisite for authority to transact insurance in such state, province, or country; and
3. Deposits in such additional amounts as are permitted to be made by Section 1706 of this title. Added by Laws 1957, p. 291, § 1701, operative July 1, 1957. Amended by Laws 2014, c. 275, § 8, eff. Nov. 1, 2014.