Okla. Stat. tit. 36, § 36-1609
This is the official text of Okla. Stat. tit. 36, § 36-1609, 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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County, district, city, school district or Canadian
Official statutory text
obligations.
An insurer may invest in bonds, notes, warrants and other
securities not in default of any county, district, incorporated
city, or school district in any state of the United States, or the
District of Columbia, or in any province of Canada, which are the
direct obligations of such county, district, city or school district
and for payment of the principal and interest of which the county,
district, city, or school district has lawful authority to levy
taxes or make assessments. Bonds, notes, warrants and other
securities classified as revenue, prerefunded or declining balances
are not considered acceptable investments for this purpose.
An insurer may invest in bonds, notes, warrants and other
securities not in default of any county, district, incorporated
city, or school district in any state of the United States, or the
District of Columbia, or in any province of Canada, which are the
direct obligations of such county, district, city or school district
and for payment of the principal and interest of which the county,
district, city, or school district has lawful authority to levy
taxes or make assessments. Bonds, notes, warrants and other
securities classified as revenue, prerefunded or declining balances
are not considered acceptable investments for this purpose.
Status: in_force · Read it on the official government site
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