Okla. Stat. tit. 36, § 36-2503: Certificate of authority to do business - Deposit of

securities with State Treasurer.

No such corporation, company or association shall commence the

business of insurance until the Insurance Commissioner shall have

certified that it has complied with the provisions of this article,

and is authorized to transact the business of insurance; provided,

however, that every corporation incorporating or reincorporating

under the provisions of this article shall deposit with the

Commissioner securities in which insurance companies are allowed by

law to invest, subject to the approval of the Insurance

Commissioner, a sum not less than Twenty Thousand Dollars

($20,000.00), before it shall commence business. The sum shall be

a part of the insurance fund and an asset of the corporation. The

securities deposited with the Commissioner pursuant to this section

shall be held in trust as an emergency fund for the benefit and

protection of and as security for the policyholders of such

corporation, their legal representatives and beneficiaries.