Okla. Stat. tit. 36, § 36-1616: Limitations on investments in corporate securities

A. Except with the consent of the Insurance Commissioner, no

domestic life insurer shall, in addition to other investments

permitted by this article, invest an amount equal in the aggregate

to more than ten percent (10%) of its assets, or in the case of a

domestic nonlife insurer, an amount equal in the aggregate to more

than twenty percent (20%) of its assets in the shares of solvent

corporations created or existing under the laws of the United States

or of any state. Investing in the shares of mutual funds that

invest only in bonds or preferred stocks shall be considered as

investing in bonds or preferred stocks, and investing in mutual

funds that invest in common stocks shall be considered as investing

in common stocks. However, investments in the shares of

subsidiaries or companion insurance companies shall be governed by

Section 1652 of this title and this subsection shall not apply to

investments by domestic insurers in the shares of insurance

subsidiaries.

B. For the purpose of determining the investment limitation

imposed by this article, the insurer shall value securities

purchased pursuant to the provisions of this article at the cost of

the security or at the market value of the security, whichever is

lower.