Oklahoma Statutes
§ 36-2918 — Financial conditions; method of determining.
Oklahoma·Title 36 Insurance
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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Legislative History
Laws 1957, p. 357, § 2918.
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.