Okla. Stat. tit. 36, § 36-1501

In any determination of the financial condition of an insurer,

there shall be allowed as assets only such assets as are owned by

the insurer and which consist of:

1. Cash in the possession of the insurer, or in transit under

its control, and including the true balance of any deposit in a

solvent bank or trust company.

2. Investments, securities, properties and loans acquired or

held in accordance with this Code, and in connection therewith the

following items:

(a) Interest due or accrued on any bond or evidence of

indebtedness which is not in default and which is not valued on a

basis including accrued interest.

(b) Declared and unpaid dividends on stock and shares, unless

such amount has otherwise been allowed as an asset.

(c) Interest due or accrued upon a collateral loan in an amount

not to exceed one (1) year's interest thereon.

(d) Interest due or accrued on deposits in solvent banks and

trust companies, and interest due or accrued on other assets, if

such interest is in the judgment of the Insurance Commissioner a

collectible asset.

(e) Interest due or accrued on a mortgage loan, in an amount not

exceeding in any event the amount, if any, of the excess of the

value of the property less delinquent taxes thereon over the unpaid

principal; but in no event shall interest accrued for a period in

excess of eighteen (18) months be allowed as an asset.

(f) Rent due or accrued on real property if such rent is not in

arrears for more than three (3) months, and rent more than three (3)

months in arrears if the payment of such rent be adequately secured

Oklahoma Statutes - Title 36. Insurance Page 384

by property held in the name of the tenant and conveyed to the

insurer as collateral.

(g) The unaccrued portion of taxes paid prior to the due date on

real property.

3. Premium notes, policy loans, and other policy assets and

liens on policies and certificates of life insurance and annuity

contracts and accrued interest thereon, in an amount not exceeding

the legal reserve and other policy liabilities carried on each

individual policy.

4. The net amount of uncollected and deferred premiums and

annuity considerations in the case of a life insurer.

5. Premiums in the course of collection, other than for life

insurance, not more than three (3) months past due, less commissions

payable thereon. The foregoing limitation shall not apply to

premiums payable directly or indirectly by the United States

government or by any of its instrumentalities.

6. Installment premiums other than life insurance premiums to

the extent of the unearned premium reserves carried thereon.

7. Notes and like written obligations not past due, taken for

premiums other than life insurance premiums, on policies permitted

to be issued on such basis, to the extent of the unearned premium

reserves carried thereon.

8. The full amount of reinsurance recoverable by a ceding

insurer from a solvent reinsurer and which reinsurance is authorized

under Section 711 of Article 7 (Kinds of Insurance; Reinsurance;

Limits of Risk).

9. Amounts receivable by an assuming insurer representing funds

withheld by a solvent ceding insurer under a reinsurance treaty.

10. Deposits or equities recoverable from underwriting

associations, syndicates and reinsurance funds, or from any

suspended banking institution, to the extent deemed by the Insurance

Commissioner available for the payment of losses and claims and at

values to be determined by him.

11. All assets, whether or not consistent with the provisions

of this section, as may be allowed pursuant to the annual statement

form approved by the national association of insurance commissioners

for the kinds of insurance to be reported upon therein.

12. Rebates determined and accrued pursuant to Section 2 of

this act.

13. Other assets, not inconsistent with the provisions of this

section, deemed by the Insurance Commissioner to be available for
s

of this section, as may be allowed pursuant to the annual statement

form approved by the national association of insurance commissioners

for the kinds of insurance to be reported upon therein.

12. Rebates determined and accrued pursuant to Section 2 of

this act.

13. Other assets, not inconsistent with the provisions of this

section, deemed by the Insurance Commissioner to be available for

the payment of losses and claims, at values to be determined by the

Commissioner.