Okla. Stat. tit. 74, § 74-1312.2: Life Insurance Reserve Fund

(1) There is hereby created in the State Treasury, the Life

Insurance Reserve Fund. Except as otherwise provided by law, all

contributions, appropriations, transfers, dividend payments, and

investment income of the fund received from or for the benefit of

the life insurance plan administered by the Oklahoma Health Care

Authority shall be deposited in the reserve fund.

The monies in said reserve fund shall be invested by the

Oklahoma Employees Insurance and Benefits Board in the manner

specified in Section 1305.1 of this title. The Board shall have

responsibility for management of the fund.

Money payable to the claims administrator and all expenses in

connection with the life insurance plan shall be paid from the

reserve fund.

(2) All monies in the Life Insurance Reserve Fund that are

reserves for the health and dental plans administered by the

Oklahoma Health Care Authority shall be transferred to the Health

and Dental Insurance Reserve Fund on July 1, 1989.