§36-6463. Assets to protect purchasers.
52 words·~1 min read·
/ok/title-36-insurance/36-6463·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The State Insurance Commissioner shall require all risk insurance groups to have appropriate reserves in Oklahoma, other assets, or a corporate surety bond to protect purchasers in case of bankruptcy, withholding of unearned premiums, or failure to pay benefits. Added by Laws 1987, c. 157, § 13, emerg. eff. June 25, 1987.