Okla. Stat. tit. 36, § 36-6654
This is the official text of Okla. Stat. tit. 36, § 36-6654, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Financial security requirements for sales of products
Official statutory text
No vehicle protection product shall be sold or offered for sale
in this state unless the warrantor meets the conditions specified in
either paragraph 1 or 2 of this section in order to ensure adequate
performance under the warranty. No other financial security
requirements or financial standards for warrantors shall be
required.
Oklahoma Statutes - Title 36. Insurance Page 1332
1. The vehicle protection product warrantor is insured under a
warranty reimbursement policy issued by an insurer authorized to do
business in this state which provides that:
a. the insurer will pay to, or on behalf of, the
warrantor one hundred percent (100%) of all sums that
the warrantor is legally obligated to pay according to
the warrantor’s contractual obligations under the
warrantor’s vehicle protection product warranty,
b. a true and correct copy of the warranty reimbursement
insurance policy has been filed with the Insurance
Commissioner by the warrantor, and
c. the policy contains the provision required in Section
7 of this act.
2. a. The vehicle protection product warrantor, or its
parent company in accordance with subparagraph b of
this paragraph, maintains a net worth or stockholders’
equity of Fifty Million Dollars ($50,000,000.00), and
b. the warrantor provides the Commissioner with a copy of
the warrantor’s or the warrantor’s parent company’s
most recent Form 10-K or Form 20-F filed with the
Securities and Exchange Commission within the last
calendar year or, if the warrantor does not file with
the Securities and Exchange Commission, a copy of the
warrantor or the warrantor’s parent company’s audited
financial statements that shows a net worth of the
warrantor or its parent company of at least Fifty
Million Dollars ($50,000,000.00). If the warrantor’s
parent company’s Form 10-K, Form 20-F, or audited
financial statements are filed to meet the warrantor’s
financial stability requirement, then the parent
company shall agree to guarantee the obligations of
the warrantor relating to warranties issued by the
warrantor in this state. The financial information
filed under this subparagraph shall be confidential as
a trade secret of the entity filing the information
and not subject to public disclosure.
in this state unless the warrantor meets the conditions specified in
either paragraph 1 or 2 of this section in order to ensure adequate
performance under the warranty. No other financial security
requirements or financial standards for warrantors shall be
required.
Oklahoma Statutes - Title 36. Insurance Page 1332
1. The vehicle protection product warrantor is insured under a
warranty reimbursement policy issued by an insurer authorized to do
business in this state which provides that:
a. the insurer will pay to, or on behalf of, the
warrantor one hundred percent (100%) of all sums that
the warrantor is legally obligated to pay according to
the warrantor’s contractual obligations under the
warrantor’s vehicle protection product warranty,
b. a true and correct copy of the warranty reimbursement
insurance policy has been filed with the Insurance
Commissioner by the warrantor, and
c. the policy contains the provision required in Section
7 of this act.
2. a. The vehicle protection product warrantor, or its
parent company in accordance with subparagraph b of
this paragraph, maintains a net worth or stockholders’
equity of Fifty Million Dollars ($50,000,000.00), and
b. the warrantor provides the Commissioner with a copy of
the warrantor’s or the warrantor’s parent company’s
most recent Form 10-K or Form 20-F filed with the
Securities and Exchange Commission within the last
calendar year or, if the warrantor does not file with
the Securities and Exchange Commission, a copy of the
warrantor or the warrantor’s parent company’s audited
financial statements that shows a net worth of the
warrantor or its parent company of at least Fifty
Million Dollars ($50,000,000.00). If the warrantor’s
parent company’s Form 10-K, Form 20-F, or audited
financial statements are filed to meet the warrantor’s
financial stability requirement, then the parent
company shall agree to guarantee the obligations of
the warrantor relating to warranties issued by the
warrantor in this state. The financial information
filed under this subparagraph shall be confidential as
a trade secret of the entity filing the information
and not subject to public disclosure.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.