{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-482","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-482","heading":"Permission to do business - Statements - Deposit","body":"Every company, before transacting any business in the State of\n\nOklahoma, under Section 481 et seq. of this title, shall deposit\n\nwith the Insurance Commissioner of the state a copy of its charter\n\nor articles of incorporation and a statement signed and sworn to by\n\nits president and secretary, showing the assets and liabilities. If\n\nsaid Insurance Commissioner shall be satisfied that such company has\n\nauthority under its charter to do the business provided for in this\n\narticle, and that it has a paid-up capital of not less than Five\n\nHundred Thousand Dollars ($500,000.00) in cash or its equivalent,\n\nand is able tokeep and perform its contracts and has a good\n\nreputation for the prompt and equitable settlement and adjustment of\n\nliabilities accruing upon its undertakings, he shall grant authority\n\nin writing to such company to do business in this state, but before\n\ngranting such authority the said corporations shall also be required\n\nto comply with the requirements of Section 613 of Title 36 of the\n\nOklahoma Statutes, relating to insurers issuing policies of surety\n\ninsurance. Provided however, the deposit requirements of subsection\n\nA of Section 613 of Title 36 of the Oklahoma Statutes shall not\n\napply to companies that solely write bonds that cover grain\n\nwarehouse storage.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"c66ce60746074cbb76fd334d664d1c6c35003cae24dd55d9d46d97770c4843f1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-481","next":"us-ok/okla.-stat.-tit.-18-18-483"},"notice":"GroundRules: Original legal text. Not legal advice."}