Okla. Stat. tit. 36, § 36-311.3: Financial reports regarding real property

In all financial reports of an insurer to the Insurance

Commissioner, real property acquired by the insurer shall be entered

as an asset on the basis of its original cost along with appropriate

adjustments, or the appraised market value where it is expressly

indicated that such amount is based on the appraised market value

and such appraisal has approval of the Insurance Commissioner.