Okla. Stat. tit. 36, § 36-5002
This is the official text of Okla. Stat. tit. 36, § 36-5002, 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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Investments of title insurers
Official statutory text
A. A domestic title insurer shall invest its capital
accumulations, up to the sum of One Hundred Thousand Dollars
($100,000.00), in capital investments as defined in Section 1606 of
Article 16 (Investments), but subject to the exception in subsection
B of this section, below.
B. A domestic title insurer may invest its capital and
accumulations in excess of One Hundred Thousand Dollars
($100,000.00) in such investments as are made eligible for funds of
domestic insurers by Article 16; except, that any such insurer may
invest an amount not exceeding fifty percent (50%) of its combined
capital and surplus in the preparation and purchase of material or
Oklahoma Statutes - Title 36. Insurance Page 1018
plants or both necessary to enable it to engage in the business of
title insurance, and such materials and plants shall be deemed to be
capital funds investments and shall be valued as the actual cost
thereof.
C. Domestic title insurers shall not be subject to the
limitations as to amount invested in real estate for home office and
branch office purposes contained in paragraph 1 of Section 1624 of
Article 16.
accumulations, up to the sum of One Hundred Thousand Dollars
($100,000.00), in capital investments as defined in Section 1606 of
Article 16 (Investments), but subject to the exception in subsection
B of this section, below.
B. A domestic title insurer may invest its capital and
accumulations in excess of One Hundred Thousand Dollars
($100,000.00) in such investments as are made eligible for funds of
domestic insurers by Article 16; except, that any such insurer may
invest an amount not exceeding fifty percent (50%) of its combined
capital and surplus in the preparation and purchase of material or
Oklahoma Statutes - Title 36. Insurance Page 1018
plants or both necessary to enable it to engage in the business of
title insurance, and such materials and plants shall be deemed to be
capital funds investments and shall be valued as the actual cost
thereof.
C. Domestic title insurers shall not be subject to the
limitations as to amount invested in real estate for home office and
branch office purposes contained in paragraph 1 of Section 1624 of
Article 16.
Status: in_force · Read it on the official government site
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