Okla. Stat. tit. 36, § 36-1606
This is the official text of Okla. Stat. tit. 36, § 36-1606, 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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Required capital investments
Official statutory text
After the effective date of this act, until an insurer
authorized to transact business shall have assets of One Million
Dollars ($1,000,000.00) or in the case of insurers authorized to
transact business prior to the effective date of this act shall have
assets in an amount equal to three (3) times the minimum paid-in
capital that was required of a like domestic stock insurer on
January 1, 1979, it shall invest and maintain its funds only in cash
and the securities described in the following sections of this
article: Section 1607 (Securities of or guaranteed by the United
States); Section 1608 (State and Canadian public obligations);
Section 1609 (County, municipal and district obligations); Section
1610 (Public improvement bonds); and Section 1620 (Deposits: Banks,
Savings and Loan).
authorized to transact business shall have assets of One Million
Dollars ($1,000,000.00) or in the case of insurers authorized to
transact business prior to the effective date of this act shall have
assets in an amount equal to three (3) times the minimum paid-in
capital that was required of a like domestic stock insurer on
January 1, 1979, it shall invest and maintain its funds only in cash
and the securities described in the following sections of this
article: Section 1607 (Securities of or guaranteed by the United
States); Section 1608 (State and Canadian public obligations);
Section 1609 (County, municipal and district obligations); Section
1610 (Public improvement bonds); and Section 1620 (Deposits: Banks,
Savings and Loan).
Status: in_force · Read it on the official government site
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