Okla. Stat. tit. 2, § 2-9-26
This is the official text of Okla. Stat. tit. 2, § 2-9-26, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." Browse the sections below, each linked to its official government source.
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Insurance – Notice of loss
Official statutory text
A. Each state-chartered warehouseman shall insure and keep
insured, in the warehouseman's own name, all of the commodities in
store, received for storage, or handled for storage for the full
market value of the commodities, against loss or damage by fire,
lightning, inherent explosion, windstorm, cyclone, or tornado.
B. In the event of any loss or damage to the commodities or the
warehouse, the warehouseman shall immediately notify the State Board
of Agriculture and at the expense of the warehouseman promptly take
the steps necessary to collect any monies which may be due as
indemnity for the loss or damage.
C. In the event the warehouseman insures against hazards not
specified, the insurance shall inure to the benefit of the
producers.
Oklahoma Statutes - Title 2. Agriculture Page 437
insured, in the warehouseman's own name, all of the commodities in
store, received for storage, or handled for storage for the full
market value of the commodities, against loss or damage by fire,
lightning, inherent explosion, windstorm, cyclone, or tornado.
B. In the event of any loss or damage to the commodities or the
warehouse, the warehouseman shall immediately notify the State Board
of Agriculture and at the expense of the warehouseman promptly take
the steps necessary to collect any monies which may be due as
indemnity for the loss or damage.
C. In the event the warehouseman insures against hazards not
specified, the insurance shall inure to the benefit of the
producers.
Oklahoma Statutes - Title 2. Agriculture Page 437
Status: in_force · Read it on the official government site
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