Okla. Stat. tit. 36, § 36-1620
This is the official text of Okla. Stat. tit. 36, § 36-1620, 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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Investment or deposit of funds
Official statutory text
A. An insurer may invest or deposit any of its cash funds on
deposit in checking or savings accounts, under certificates of
deposit, or in solvent banks or trust companies, which are insured
by the Federal Deposit Insurance Corporation.
B. An insurer may invest or deposit any of its funds in
checking, share or saving accounts under certificates of deposit or
Oklahoma Statutes - Title 36. Insurance Page 435
time deposits in solvent savings and loan associations which are
insured by the Federal Deposit Insurance Corporation.
C. An insurer may invest or deposit any of its cash funds in
share, share draft, under certificates of deposit or time deposits
in solvent credit unions which are insured by the National Credit
Union Administration.
D. All certificates of deposits or other time deposit
instruments shall be classified as negotiable and transferrable as
required by Section 1703 of this title.
deposit in checking or savings accounts, under certificates of
deposit, or in solvent banks or trust companies, which are insured
by the Federal Deposit Insurance Corporation.
B. An insurer may invest or deposit any of its funds in
checking, share or saving accounts under certificates of deposit or
Oklahoma Statutes - Title 36. Insurance Page 435
time deposits in solvent savings and loan associations which are
insured by the Federal Deposit Insurance Corporation.
C. An insurer may invest or deposit any of its cash funds in
share, share draft, under certificates of deposit or time deposits
in solvent credit unions which are insured by the National Credit
Union Administration.
D. All certificates of deposits or other time deposit
instruments shall be classified as negotiable and transferrable as
required by Section 1703 of this title.
Status: in_force · Read it on the official government site
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