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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 36, § 36-2907: Surplus funds required

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Where this section sits in the code
  1. OK Code
  2. Title 36

A. A domestic reciprocal insurer hereunder formed, if it has

otherwise complied with the provisions of this Code, may be

authorized to transact insurance if it deposits and maintains on

deposit with the State Treasurer, through the office of the

Insurance Commissioner, surplus funds as follows:

1. To transact property insurance, surplus funds of not less

than One Hundred Thousand Dollars ($100,000.00).

2. To transact vehicle insurance, surplus funds of not less

than One Hundred Fifty Thousand Dollars ($150,000.00).

B. A domestic reciprocal insurer may be authorized to transact

additional kinds of insurance if it has otherwise complied with the

provisions of this Code therefor and possesses and so maintains on

deposit surplus funds in amount equal to the minimum capital

required of a stock insurer for authority to transact a like

combination of kinds of insurance.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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