Okla. Stat. tit. 36, § 36-2801
This is the official text of Okla. Stat. tit. 36, § 36-2801, 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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Organization authorized – Purposes – Power to make
Official statutory text
assessments.
Any fifty or more persons of lawful age, who shall be resident,
bona fide farmers, and collectively shall own property of not less
than Twenty-five Thousand Dollars ($25,000.00), which they desire to
have insured, may associate themselves together for the purpose of
insuring any or all property located in this state, as provided in
this article, against loss by fire, lightning, tornado, and theft,
and against property and liability loss and to provide extended
coverage, and they may assess upon and collect from each other such
sums of money as from time to time may be necessary to pay losses,
occurring from fire, lightning, tornado, and theft, property and
liability loss and protection for the events provided by extended
coverage insurance, to insured members of such associations. The
assessment and collection of such sums of money shall be prescribed
and regulated by the bylaws of such association. Such associations
shall comply with all provisions of the Insurance Code not
inconsistent with the provisions of this article.
Any fifty or more persons of lawful age, who shall be resident,
bona fide farmers, and collectively shall own property of not less
than Twenty-five Thousand Dollars ($25,000.00), which they desire to
have insured, may associate themselves together for the purpose of
insuring any or all property located in this state, as provided in
this article, against loss by fire, lightning, tornado, and theft,
and against property and liability loss and to provide extended
coverage, and they may assess upon and collect from each other such
sums of money as from time to time may be necessary to pay losses,
occurring from fire, lightning, tornado, and theft, property and
liability loss and protection for the events provided by extended
coverage insurance, to insured members of such associations. The
assessment and collection of such sums of money shall be prescribed
and regulated by the bylaws of such association. Such associations
shall comply with all provisions of the Insurance Code not
inconsistent with the provisions of this article.
Status: in_force · Read it on the official government site
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