Okla. Stat. tit. 36, § 36-1610
This is the official text of Okla. Stat. tit. 36, § 36-1610, 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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Public structure or improvement obligations
Official statutory text
Oklahoma Statutes - Title 36. Insurance Page 432
An insurer may invest in bonds, notes, certificates of
indebtedness, warrants, or other evidences of indebtedness, which
are payable from revenues or earnings specifically pledged therefor
of any public structure or improvement owned by any state,
incorporated city, or legally-constituted public corporation or
commission or trust, all within the United States, for the payment
of the principal and interest if no default on the part of the
issuer in payment of principal or interest has occurred on any of
its bonds, notes, warrants, or other securities within five (5)
years prior to the date of investment therein, or, if such
obligations were issued less than five (5) years prior to the date
of investment, no default in payment of principal or interest has
occurred on the obligations to be purchased or on any other
obligation of the issuer within five (5) years of such investment.
An insurer may invest in bonds, notes, certificates of
indebtedness, warrants, or other evidences of indebtedness, which
are payable from revenues or earnings specifically pledged therefor
of any public structure or improvement owned by any state,
incorporated city, or legally-constituted public corporation or
commission or trust, all within the United States, for the payment
of the principal and interest if no default on the part of the
issuer in payment of principal or interest has occurred on any of
its bonds, notes, warrants, or other securities within five (5)
years prior to the date of investment therein, or, if such
obligations were issued less than five (5) years prior to the date
of investment, no default in payment of principal or interest has
occurred on the obligations to be purchased or on any other
obligation of the issuer within five (5) years of such investment.
Status: in_force · Read it on the official government site
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