Okla. Stat. tit. 36, § 36-2111: Initial qualification, domestic mutuals

When newly organized, a domestic mutual insurer may be

authorized to transact any one or more kinds of insurance other than

title insurance. When applying for an original certificate of

authority as an insurer, a domestic mutual insurer must be otherwise

qualified therefor under this code, must possess and maintain the

minimum requirements for surplus in regard to policyholders as set

forth in Sections 610 and 611 of this code, and must have received

and accepted bona fide applications with respect to substantial

insurable subjects for insurance coverage of a substantial character

of the kind of insurance proposed to be transacted, must have

collected in full and in cash the proper premium therefor at a rate

substantially equal to that usually charged by stock insurers for

comparable coverages, must have surplus funds on hand as at

completion of issuance of all such policies so applied for, or, in

lieu of such applications, premiums, and surplus, may deposit

surplus, all in accordance with the requirements set forth in

Sections 610 and 611 of this code.