Okla. Stat. tit. 36, § 36-1702
This is the official text of Okla. Stat. tit. 36, § 36-1702, 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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Purpose of deposits
Official statutory text
Such deposits shall be held as follows:
1. When the deposit is required for authority to transact
insurance in Oklahoma the deposit shall be held for the protection
of all the insurer's policyholders and/or creditors within the
United States.
2. When the deposit is required pursuant to the laws of another
state, province, or country, the deposit shall be held for such
purposes as is required by such laws, and as specified by the
Insurance Commissioner at the time the deposit is made.
3. When the deposit is required pursuant to the retaliatory
provision, Section 630 of Article 6 (Authorization of Insurers and
General Requirements Article), the deposit shall be held for
purposes as specified in the Insurance Commissioner's order
requiring the deposit.
1. When the deposit is required for authority to transact
insurance in Oklahoma the deposit shall be held for the protection
of all the insurer's policyholders and/or creditors within the
United States.
2. When the deposit is required pursuant to the laws of another
state, province, or country, the deposit shall be held for such
purposes as is required by such laws, and as specified by the
Insurance Commissioner at the time the deposit is made.
3. When the deposit is required pursuant to the retaliatory
provision, Section 630 of Article 6 (Authorization of Insurers and
General Requirements Article), the deposit shall be held for
purposes as specified in the Insurance Commissioner's order
requiring the deposit.
Status: in_force · Read it on the official government site
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