Okla. Stat. tit. 36, § 36-2109: Applications for insurance in formation of mutual

insurers.

A. Upon issuance of its certificate of incorporation as

provided in subsection B of Section 2107 of this article, the

directors and officers of a domestic mutual corporation formed for

the purpose of becoming a mutual insurer may open books for the

registration of such requisite applications for insurance policies

as they may accept, and may receive deposits of premiums thereon.

B. All such applications shall be in writing signed by the

applicant, covering subjects of insurance resident, located, or to

be performed in Oklahoma.

C. All such applications shall provide that:

1. Issuance of the policy is contingent upon completion of

organization of the insurer and issuance to it of a proper

certificate of authority.

2. No insurance is provided until the certificate of authority

has been so issued; and

3. The prepaid premium or deposit, and membership or policy

fee, if any, shall be refunded in full to the applicant if the

organization is not completed and certificate of authority issued

before a specified reasonable date, which date shall be not later

than one (1) year following date of issuance of the certificate of

incorporation.

D. All qualifying premiums collected shall be in cash.

E. Solicitation for such qualifying applications for insurance

shall be by licensed agents of the corporation, and the Commissioner

shall upon application therefor issue temporary agent's licenses

expiring on the date specified pursuant to paragraph 3, subsection

B, above, to individuals appointed by the corporation and qualified

as for a resident agent's license except as to the taking of an

examination. The Commissioner may suspend or revoke any such

license for any of the same causes and pursuant to the same

procedures as are applicable to suspension or revocation of licenses

of agents in general under article 13.