Okla. Stat. tit. 18, § 18-482
This is the official text of Okla. Stat. tit. 18, § 18-482, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Permission to do business - Statements - Deposit
Official statutory text
Every company, before transacting any business in the State of
Oklahoma, under Section 481 et seq. of this title, shall deposit
with the Insurance Commissioner of the state a copy of its charter
or articles of incorporation and a statement signed and sworn to by
its president and secretary, showing the assets and liabilities. If
said Insurance Commissioner shall be satisfied that such company has
authority under its charter to do the business provided for in this
article, and that it has a paid-up capital of not less than Five
Hundred Thousand Dollars ($500,000.00) in cash or its equivalent,
and is able tokeep and perform its contracts and has a good
reputation for the prompt and equitable settlement and adjustment of
liabilities accruing upon its undertakings, he shall grant authority
in writing to such company to do business in this state, but before
granting such authority the said corporations shall also be required
to comply with the requirements of Section 613 of Title 36 of the
Oklahoma Statutes, relating to insurers issuing policies of surety
insurance. Provided however, the deposit requirements of subsection
A of Section 613 of Title 36 of the Oklahoma Statutes shall not
Oklahoma Statutes - Title 18. Corporations Page 237
apply to companies that solely write bonds that cover grain
warehouse storage.
Oklahoma, under Section 481 et seq. of this title, shall deposit
with the Insurance Commissioner of the state a copy of its charter
or articles of incorporation and a statement signed and sworn to by
its president and secretary, showing the assets and liabilities. If
said Insurance Commissioner shall be satisfied that such company has
authority under its charter to do the business provided for in this
article, and that it has a paid-up capital of not less than Five
Hundred Thousand Dollars ($500,000.00) in cash or its equivalent,
and is able tokeep and perform its contracts and has a good
reputation for the prompt and equitable settlement and adjustment of
liabilities accruing upon its undertakings, he shall grant authority
in writing to such company to do business in this state, but before
granting such authority the said corporations shall also be required
to comply with the requirements of Section 613 of Title 36 of the
Oklahoma Statutes, relating to insurers issuing policies of surety
insurance. Provided however, the deposit requirements of subsection
A of Section 613 of Title 36 of the Oklahoma Statutes shall not
Oklahoma Statutes - Title 18. Corporations Page 237
apply to companies that solely write bonds that cover grain
warehouse storage.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.