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

Okla. Stat. tit. 36, § 36-2921: Subscriber's liability

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

A. The liability of each subscriber, other than as to a

nonassessable policy, for the obligations of the reciprocal insurer

shall be an individual, several, and proportionate liability, and

not joint.

B. Except as to a nonassessable policy each subscriber shall

have a contingent assessment liability, in the amount provided for

in the power of attorney or in the subscribers' agreement, for

payment of actual losses and expenses incurred while his policy was

in force. Such contingent liability may be at the rate of not less

than one nor more than ten times the premium or premium deposit

stated in the policy, and the maximum aggregate thereof shall be

computed in the manner set forth in section 2925 of this article.

C. Each assessable policy issued by the insurer shall contain a

statement of the contingent liability, set in type of the same

prominence as the insuring clause.

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

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