Okla. Stat. tit. 36, § 36-1503
This is the official text of Okla. Stat. tit. 36, § 36-1503, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." 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.
Assets not allowed as deductions from liabilities
Official statutory text
In addition to assets impliedly excluded by the provisions of
Section 1501 of this article, the following expressly shall not be
allowed as assets in any determination of the financial condition of
an insurer:
1. Trade names and other like intangible assets, excluding good
will.
2. Advances to officers (other than policy loans) whether
secured or not, and advances to employees, agents and other persons
on personal security only.
3. Stock of such insurer, owned by it, or any equity therein or
loans secured thereby, or any proportionate interest in such stock
acquired or held through the ownership by such insurer of an
interest in another firm, corporation or business unit.
4. Furniture, fixtures, furnishings, safes, vehicles,
libraries, stationery, literature and supplies, except in the case
of title insurers such materials and plants as the insurer is
expressly authorized to invest in under Article 50 (Title Insurers)
of this Code and except, in the case of any insurer, such personal
property as the insurer is permitted to hold pursuant to Article 16
(Investments) of this Code, or which is reasonably necessary for the
maintenance and operation of real estate lawfully acquired and held
by the insurer other than real estate used by it for home office,
branch office and similar purposes.
5. The amount, if any, by which the aggregate book value of
investments as carried in the ledger assets of the insurer exceeds
the aggregate value thereof as determined under this Code.
Section 1501 of this article, the following expressly shall not be
allowed as assets in any determination of the financial condition of
an insurer:
1. Trade names and other like intangible assets, excluding good
will.
2. Advances to officers (other than policy loans) whether
secured or not, and advances to employees, agents and other persons
on personal security only.
3. Stock of such insurer, owned by it, or any equity therein or
loans secured thereby, or any proportionate interest in such stock
acquired or held through the ownership by such insurer of an
interest in another firm, corporation or business unit.
4. Furniture, fixtures, furnishings, safes, vehicles,
libraries, stationery, literature and supplies, except in the case
of title insurers such materials and plants as the insurer is
expressly authorized to invest in under Article 50 (Title Insurers)
of this Code and except, in the case of any insurer, such personal
property as the insurer is permitted to hold pursuant to Article 16
(Investments) of this Code, or which is reasonably necessary for the
maintenance and operation of real estate lawfully acquired and held
by the insurer other than real estate used by it for home office,
branch office and similar purposes.
5. The amount, if any, by which the aggregate book value of
investments as carried in the ledger assets of the insurer exceeds
the aggregate value thereof as determined under this Code.
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.