Oklahoma Statutes
§ 36-2123 — Dividends to mutual policyholders.
Oklahoma § 36-2123
JurisdictionOklahoma
Title 36Insurance
This text of Oklahoma § 36-2123 (Dividends to mutual policyholders.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Okla. Stat. tit. 36, § 36-2123 (2026).
Text
A.The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only out of that part of its surplus which is in excess of its required minimum surplus.
B.A dividend otherwise proper may be payable out of such savings and earnings even though the insurer's total surplus is then less than the aggregate of its contributed surplus.
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Legislative History
Laws 1957, p. 309, § 2123.
Nearby Sections
15
§ 36-1001
Judicial review.§ 36-101
Short title.§ 36-102
"Insurance" defined.§ 36-103
"Insurer" defined.§ 36-104
"Person" defined.§ 36-105
"Transacting" insurance.§ 36-107
"Board" defined.§ 36-108
"Insurance Department" defined.§ 36-109
Compliance required.§ 36-1100
Short title - Purpose and effect.§ 36-1100.1
Definitions.§ 36-1100.2
Authority to enter multistate agreements.Cite This Page — Counsel Stack
Bluebook (online)
Oklahoma § 36-2123, Counsel Stack Legal Research, https://law.counselstack.com/statute/ok/36/36-2123.