Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-6463. Assets to protect purchasers.

Latest version.

The State Insurance Commissioner shall require all risk insurance groups to have appropriate reserves in Oklahoma, other assets, or a corporate surety bond to protect purchasers in case of bankruptcy, withholding of unearned premiums, or failure to pay benefits.

Added by Laws 1987, c. 157, § 13, emerg. eff. June 25, 1987.

                    
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