Okla. Stat. tit. 36, § 36-616
This is the official text of Okla. Stat. tit. 36, § 36-616, 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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Issuance or refusal of certificate
Official statutory text
A. If upon completion of application the Insurance Commissioner
finds that the insurer has met the requirements for and is entitled
thereto under this Code, he shall issue to the insurer a proper
certificate of authority; if he does not so find, the Insurance
Commissioner shall issue his order refusing such certificate. The
Insurance Commissioner shall not issue a certificate of authority to
any domestic insurer incorporated after January 1, 1970, unless each
of the shareholders of the common capital stock thereof is entitled
at the shareholders meetings to one vote for each share standing in
his name in the books of the corporation. The Insurance
Commissioner shall act upon an application for a certificate of
authority within thirty (30) days after its completion.
B. The certificate, if issued, shall specify the kind or kinds
of insurance the insurer is authorized to transact in Oklahoma. At
the insurer's request, the Insurance Commissioner may issue a
certificate of authority limited to particular types of insurance
included within a kind of insurance as defined in this code.
finds that the insurer has met the requirements for and is entitled
thereto under this Code, he shall issue to the insurer a proper
certificate of authority; if he does not so find, the Insurance
Commissioner shall issue his order refusing such certificate. The
Insurance Commissioner shall not issue a certificate of authority to
any domestic insurer incorporated after January 1, 1970, unless each
of the shareholders of the common capital stock thereof is entitled
at the shareholders meetings to one vote for each share standing in
his name in the books of the corporation. The Insurance
Commissioner shall act upon an application for a certificate of
authority within thirty (30) days after its completion.
B. The certificate, if issued, shall specify the kind or kinds
of insurance the insurer is authorized to transact in Oklahoma. At
the insurer's request, the Insurance Commissioner may issue a
certificate of authority limited to particular types of insurance
included within a kind of insurance as defined in this code.
Status: in_force · Read it on the official government site
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