Okla. Stat. tit. 36, § 36-1605
This is the official text of Okla. Stat. tit. 36, § 36-1605, 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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Investments in any one person
Official statutory text
An insurer shall not, except with the consent of the Insurance
Commissioner, have at any one time any combination of checking
account moneys, investments in or loans upon the security of the
obligations, property, or securities of any one person, institution,
corporation, or municipal corporation, aggregating an amount
exceeding ten percent (10%) of the insurer's admitted assets. This
Oklahoma Statutes - Title 36. Insurance Page 430
restriction shall not apply to investments in or loans upon the
security of general obligations of the United States or any state of
the United States or include policy loans made under Section 1619 of
this title, or investments made under Section 1616 of this title.
Commissioner, have at any one time any combination of checking
account moneys, investments in or loans upon the security of the
obligations, property, or securities of any one person, institution,
corporation, or municipal corporation, aggregating an amount
exceeding ten percent (10%) of the insurer's admitted assets. This
Oklahoma Statutes - Title 36. Insurance Page 430
restriction shall not apply to investments in or loans upon the
security of general obligations of the United States or any state of
the United States or include policy loans made under Section 1619 of
this title, or investments made under Section 1616 of this title.
Status: in_force · Read it on the official government site
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