Okla. Stat. tit. 36, § 36-1604
This is the official text of Okla. Stat. tit. 36, § 36-1604, 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.
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Approval of investment
Official statutory text
No investment or loan shall be made by an insurer unless the
same has been authorized or approved by the insurer's board of
directors or by a committee or corporate officer authorized thereby
and charged with the duty of supervising or making such investment
or loan. The minutes of any such committee shall be recorded and
regular reports of such committee shall be submitted to the board of
directors. This section does not apply to loans made by a life
insurer on policies or annuity contracts.
same has been authorized or approved by the insurer's board of
directors or by a committee or corporate officer authorized thereby
and charged with the duty of supervising or making such investment
or loan. The minutes of any such committee shall be recorded and
regular reports of such committee shall be submitted to the board of
directors. This section does not apply to loans made by a life
insurer on policies or annuity contracts.
Status: in_force · Read it on the official government site
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