Okla. Stat. tit. 36, § 36-1629
This is the official text of Okla. Stat. tit. 36, § 36-1629, 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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Guaranteed or reinsured student loans
Official statutory text
Any insurer may make and invest in student loans guaranteed or
reinsured as to principal and interest by a state or federally
sponsored higher education assistance corporation, to the extent of
Oklahoma Statutes - Title 36. Insurance Page 449
such guaranty or reinsurance, or by a private nonprofit or for
profit student loan insurance guarantor or reinsurer which has net
worth of not less than Thirty-five Million Dollars ($35,000,000.00)
and which has a financial rating of BBB or better from Standard and
Poor’s or Moody’s rating agencies. Any investment pursuant to this
section shall not exceed, except with the consent of the Insurance
Commissioner of this state, twenty-five percent (25%) of the
insurer's net admitted assets based upon the insurer's most recent
financial statement filed with the Insurance Commissioner's office.
reinsured as to principal and interest by a state or federally
sponsored higher education assistance corporation, to the extent of
Oklahoma Statutes - Title 36. Insurance Page 449
such guaranty or reinsurance, or by a private nonprofit or for
profit student loan insurance guarantor or reinsurer which has net
worth of not less than Thirty-five Million Dollars ($35,000,000.00)
and which has a financial rating of BBB or better from Standard and
Poor’s or Moody’s rating agencies. Any investment pursuant to this
section shall not exceed, except with the consent of the Insurance
Commissioner of this state, twenty-five percent (25%) of the
insurer's net admitted assets based upon the insurer's most recent
financial statement filed with the Insurance Commissioner's office.
Status: in_force · Read it on the official government site
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