Okla. Stat. tit. 36, § 36-2112
This is the official text of Okla. Stat. tit. 36, § 36-2112, 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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Additional kinds of insurance, mutual
Official statutory text
A domestic mutual insurer after being authorized to transact one
kind of insurance shall be authorized by the Insurance Commissioner
to transact such additional kinds of insurance as are authorized
under Section 609 of Article 6 and upon otherwise qualifying
therefor and depositing and thereafter maintaining on deposit with
the State Treasurer through the Insurance Commissioner unimpaired
surplus funds in amount not less than the amount of capital required
of a domestic stock insurer transacting like kinds of insurance, and
subject further to the additional surplus requirements of Section
611 of Article 6 if applicable (expendable additional surplus in
amount of one-half (1/2) of required surplus if it qualifies to
transact more than one kind of insurance within first five (5)
years).
kind of insurance shall be authorized by the Insurance Commissioner
to transact such additional kinds of insurance as are authorized
under Section 609 of Article 6 and upon otherwise qualifying
therefor and depositing and thereafter maintaining on deposit with
the State Treasurer through the Insurance Commissioner unimpaired
surplus funds in amount not less than the amount of capital required
of a domestic stock insurer transacting like kinds of insurance, and
subject further to the additional surplus requirements of Section
611 of Article 6 if applicable (expendable additional surplus in
amount of one-half (1/2) of required surplus if it qualifies to
transact more than one kind of insurance within first five (5)
years).
Status: in_force · Read it on the official government site
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