Okla. Stat. tit. 36, § 36-6456
This is the official text of Okla. Stat. tit. 36, § 36-6456, 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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Membership in or participation in insurance insolvency
Official statutory text
guaranty fund prohibited – Purchasing group coverage – Risks not
covered.
A. No risk retention group shall be permitted to join or
contribute financially to any insurance insolvency guaranty fund, or
similar mechanism, in this state, nor shall any risk retention
group, or its insureds or claimants against its insureds, receive
any benefit from any such fund for claims arising under the
insurance policies issued by a risk retention group.
B. When a purchasing group obtains insurance covering its
members' risks from an insurer not authorized in this state or a
risk retention group, no such risks, wherever resident is located,
shall be covered by any insurance guaranty fund or similar mechanism
in this state.
C. When a purchasing group obtains insurance covering its
members' risks from an authorized insurer, only risks resident or
located in this state may be covered by the Oklahoma Property and
Casualty Insurance Guaranty Association.
covered.
A. No risk retention group shall be permitted to join or
contribute financially to any insurance insolvency guaranty fund, or
similar mechanism, in this state, nor shall any risk retention
group, or its insureds or claimants against its insureds, receive
any benefit from any such fund for claims arising under the
insurance policies issued by a risk retention group.
B. When a purchasing group obtains insurance covering its
members' risks from an insurer not authorized in this state or a
risk retention group, no such risks, wherever resident is located,
shall be covered by any insurance guaranty fund or similar mechanism
in this state.
C. When a purchasing group obtains insurance covering its
members' risks from an authorized insurer, only risks resident or
located in this state may be covered by the Oklahoma Property and
Casualty Insurance Guaranty Association.
Status: in_force · Read it on the official government site
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