Okla. Stat. tit. 36, § 36-1629: Guaranteed or reinsured student loans

Any insurer may make and invest in student loans guaranteed or

reinsured as to principal and interest by a state or federally

sponsored higher education assistance corporation, to the extent of

such guaranty or reinsurance, or by a private nonprofit or for

profit student loan insurance guarantor or reinsurer which has net

worth of not less than Thirty-five Million Dollars ($35,000,000.00)

and which has a financial rating of BBB or better from Standard and

Poor’s or Moody’s rating agencies. Any investment pursuant to this

section shall not exceed, except with the consent of the Insurance

Commissioner of this state, twenty-five percent (25%) of the

insurer's net admitted assets based upon the insurer's most recent

financial statement filed with the Insurance Commissioner's office.