Okla. Stat. tit. 74, § 74-5063.4e: Coinsurers

In addition to its other powers and except as applied to Section

5063.4d of this title, the Oklahoma Development Finance Authority

may select a coinsurer to insure a percentage of each loan in a pool

or in the portfolio of loans for which Credit Enhancement Reserve

Fund-backed bonds have been or may be issued, provided that the

Authority may also select a coinsurer to insure individual nonpooled

loans should such loans be credit enhanced or supported by the

Credit Enhancement Reserve Fund. The Authority may contract to pay

losses up to a stated limit and permitting principal reductions to

be applied to reduce the liability of the coinsurer until its

liability is extinguished.