Oklahoma § 36-2918 Financial conditions; method of determining.

Oklahoma Statutes

§ 36-2918 — Financial conditions; method of determining.

Oklahoma § 36-2918

Title 36Insurance

This text of Oklahoma § 36-2918 (Financial conditions; method of determining.) 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, § 36-2918 (2026).

Text

In determining the financial condition of a reciprocal insurer the Insurance Commissioner shall apply the following rules: 1. The Commissioner shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis.

2.The surplus deposits of subscribers shall be allowed as assets, except that any premium deposit delinquent for ninety (90) days shall first be charged against such surplus deposit.

3.The surplus deposits of subscribers shall not be charged as a liability.

4.All premium deposits delinquent less than ninety (90) days shall be allowed as assets.

5.An assessment levied upon subscribers, and not collected, shall not be allowed as an asset.

6.The contingent liability of subscribers shall not be allowed as an asse

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In determining the financial condition of a reciprocal insurer the Insurance Commissioner shall apply the following rules: 1. The Commissioner shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis. 2. The surplus deposits of subscribers shall be allowed as assets, except that any premium deposit delinquent for ninety (90) days shall first be charged against such surplus deposit. 3. The surplus deposits of subscribers shall not be charged as a liability. 4. All premium deposits delinquent less than ninety (90) days shall be allowed as assets. 5. An assessment levied upon subscribers, and not collected, shall not be allowed as an asset. 6. The contingent liability of subscribers shall not be allowed as an asset. 7. The computation of reserves shall be based upon premium deposits other than membership fees and without any deduction for the compensation of the attorney.