GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 36, § 36-3007: Liability of underwriters; limitation

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 36

An underwriter at a Lloyd's may limit his total liability on all

risks to the amount of his subscription as expressed in his power of

attorney and agreement with the attorney-in-fact; provided at least

half of the subscription of each underwriter must be paid or

contributed to the guaranty fund in cash or admissible securities.

Each underwriter shall be responsible solely for his own liability

as fixed in the contract of insurance and shall not be liable as a

partner and in no event shall the liability of an underwriter exceed

the amount of his total underwriters agreement executed in favor of

his respective successor attorney or attorneys-in-fact.

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

Browse this collection