Okla. Stat. tit. 36, § 36-1618: Obligations of receivers or trustees; investments not

otherwise authorized; limitations.

A. An insurer may invest in certificates, notes or other

obligations issued by trustees or receivers of any institution

created or existing under the laws of the United States or of any

state, district or territory thereof, which, or the assets of which,

are being administered under the direction of any court having

jurisdiction, if such obligation in the opinion of the Insurance

Commissioner is adequately secured as to principal and interest.

B. An insurer may make loans or investments not otherwise

qualifying or permitted under this article to an amount not

exceeding in the aggregate ten percent (10%) of the insurer's

assets, and not exceeding one percent (1%) of such assets as to any

one such loan or investment. But no such loan or investment shall

be represented by:

1. Any item described in Section 1503 of this title, or any

loan or investment otherwise specifically prohibited;

2. Any loan or investment eligible under any other provision of

this article; or

3. Any asset theretofore acquired or held by the insurer under

any other category of loans or investments eligible under this

article.

The insurer shall keep a separate record of all loans and

investments made under this subsection.