Okla. Stat. tit. 36, § 36-2918
This is the official text of Okla. Stat. tit. 36, § 36-2918, 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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Financial conditions; method of determining
Official statutory text
In determining the financial condition of a reciprocal insurer
the Insurance Commissioner shall apply the following rules:
1. The Commissioner shall charge as liabilities the same
reserves as are required of incorporated insurers issuing
nonassessable policies on a reserve basis.
2. The surplus deposits of subscribers shall be allowed as
assets, except that any premium deposit delinquent for ninety (90)
days shall first be charged against such surplus deposit.
3. The surplus deposits of subscribers shall not be charged as
a liability.
4. All premium deposits delinquent less than ninety (90) days
shall be allowed as assets.
5. An assessment levied upon subscribers, and not collected,
shall not be allowed as an asset.
6. The contingent liability of subscribers shall not be allowed
as an asset.
7. The computation of reserves shall be based upon premium
deposits other than membership fees and without any deduction for
the compensation of the attorney.
the Insurance Commissioner shall apply the following rules:
1. The Commissioner shall charge as liabilities the same
reserves as are required of incorporated insurers issuing
nonassessable policies on a reserve basis.
2. The surplus deposits of subscribers shall be allowed as
assets, except that any premium deposit delinquent for ninety (90)
days shall first be charged against such surplus deposit.
3. The surplus deposits of subscribers shall not be charged as
a liability.
4. All premium deposits delinquent less than ninety (90) days
shall be allowed as assets.
5. An assessment levied upon subscribers, and not collected,
shall not be allowed as an asset.
6. The contingent liability of subscribers shall not be allowed
as an asset.
7. The computation of reserves shall be based upon premium
deposits other than membership fees and without any deduction for
the compensation of the attorney.
Status: in_force · Read it on the official government site
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